How often must properties be reassessed in Connecticut?

In Connecticut, properties must be reassessed every five years. This practice is established to ensure that property assessments reflect current market conditions and property values. The five-year interval allows municipalities to adhere to state guidelines while also providing property owners with a more accurate representation of their property value for tax purposes.

By regularly updating assessments every five years rather than more frequently, municipalities can balance the need for accurate valuations with the administrative burden and costs associated with frequent assessments. This timing helps jurisdictions manage their resources effectively while still complying with state regulations regarding property taxation.

Reassessing properties every five years ensures stability in the assessment process and allows for adequate time to collect and analyze market data, which can fluctuate annually. This approach is designed to maintain fairness and equity among taxpayers, as property values are aligned with the current economic landscape.