Connecticut Revaluations and Massachusetts Assessments in the Covid Era
In these unprecedented times, a number of Connecticut municipalities are conducting real estate revaluations as of October 1, 2020, while Massachusetts municipalities are looking ahead to their Fiscal Year 2022 assessments as of January 1, 2021. New real estate values established as part of these processes should take into account all the factors currently impacting commercial real estate values, especially the impact of the Covid-19 pandemic. The factors could include declining operating revenue, increased vacancy and collection losses and increased operating expenses, depending on property type.
The members of Pullman & Comley, LLC’s Property Tax and Valuation Department:
- Discussed the best ways to communicate value impacts to Connecticut and Massachusetts assessing and revaluation officials;
- Reviewed important milestones in the assessment processes in both states; and
- Provided tips for achieving equitable assessments as well as actionable information and answers to your revaluation questions.
To view the full recording of this webinar, please click here.