Trumbull starts residential property revaluation

Exterior of Trumbull Town Hall, in Trumbull, Conn. April 5, 2017.

Exterior of Trumbull Town Hall, in Trumbull, Conn. April 5, 2017.

Ned Gerard / Hearst Connecticut Media file photo

TRUMBULL — The town has started its state-mandated revaluation process, and property owners should start receiving notice of their latest assessments this month.

Revaluation is the process of obtaining updated real estate assessments of properties in town.

“All residential, commercial, apartments, industrial, vacant land, churches, school buildings and all other real estate will be revalued,” states the Town of Trumbull web site. “The purpose of revaluation is to correct assessment inequities that have developed since the implementation of a previous (2015) revaluation, ensuring an equitable distribution of the property tax burden among taxpayers.”

The town has retained Municipal Valuations Services, LLC (also known as Munival) of Fairfield to help with the revaluation.

In July, Munival mailed each household a letter with specific data on their property. Residents were asked to review the form and send it back to Munival. The information will be used to determine property values.

Each property owner should receive an individual notice of their new assessment this month.

According to the town web site, state statute requires that Trumbull conducts a revaluation for the October 1, 2021 Grand List. Tax bills issued this coming July will be based on the new assessments.

The revaluation is expected to affect tax bills. The town web site states that the amount of the new tax bill can be calculated by multiplying the new assessment value times the new mill rate.

“Since the new mill rate will not be established until the budgetary process has been completed, it is not possible to estimate your new tax bill at this time,” the site states.

The new mill rate will not be set until school and town budgets for fiscal year 2022-23 have been adopted, which likely won’t happen until some time in spring.

A full list of questions and answers about the revaluation process is available through the Town of Trumbull site,