What is the role of the Board of Assessment Appeals in Connecticut?

The Board of Assessment Appeals in Connecticut plays a crucial role in ensuring fairness and accuracy in the property assessment process. Specifically, the board is responsible for hearing appeals from taxpayers who believe that their property has been incorrectly assessed. This means that if a property owner feels that their assessed property value does not reflect its market value or has discrepancies, they can present their case to the board.

After hearing the appeals, the board makes decisions on the assessments, which can lead to changes in the valuation of properties. This process helps to maintain a balanced and equitable property tax system, providing taxpayers with a means to contest and resolve discrepancies in assessments.

The other options provided do not align with the primary functions of the Board of Assessment Appeals. The issuance of new property tax rates is typically handled by local government authorities rather than the board itself. Allocating funds for property reassessments is also outside the scope of the board's role, as that responsibility generally falls under municipal budgeting and finance departments. Additionally, managing property sales is a function related to real estate transactions and local government real estate offices, which does not relate to the board's mandate regarding assessments.