Government
Assessor: New Canaan Working Toward 2018 ‘Statistical’ Revaluation
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Officials say they’re working toward the next town-wide revaluation and plan to capture an updated snapshot of all real property values in New Canaan as of Oct. 1, 2018. Working with a private company, town workers will complete a “statistical” rather than comprehensive valuation of New Canaan, according to Assessor Sebastian Caldarella. In other words, rather than entering residents’ homes to help determine values—an expensive and time-consuming process that state law requires every 10 years—the work involves studying home sales and market trends as well as permits issued for new construction in town, Caldarella told members of the Town Council during an informational update at their Jan. 18 meeting.