Connecticut State Law requires that each municipality conduct a Revaluation of all properties every five years so that all properties can reflect current market value. Granby’s last Revaluation was completed in 2017. The Assessor’s Office has been engaged in the process to complete the 2022 Revaluation over the last 18 months.
The following is a list of some properties that sold in the 2017 timeframe and then again in the 2022 timeframe. The last five years has been a time of increasing property values.
| Map/Blk/Lot | Sale Date | Sales Price | Sale Date | Sales Price | % Change |
| E-41/21/162 | Apr-17 | $392,500 | Jul-21 | $444,000 | 13% |
| F-44/60/11 | Nov-16 | $210,000 | Mar-22 | $300,000 | 43% |
| A-20/1/44 | Aug-17 | $357,500 | Nov-21 | $435,000 | 22% |
| G-53/78/26 | Aug-17 | $528,000 | Nov-21 | $625,000 | 18% |
| G-53/78/62 | Jul-17 | $162,500 | Jul-21 | $199,000 | 22% |
| G-41/58/177 | Oct-16 | $154,000 | Aug-21 | $210,000 | 36% |
| I-44/89/23 | Nov-16 | $171,000 | Feb-22 | $215,000 | 26% |
As the above sales data indicates, a change in value has occurred since the last Revaluation. The Assessor is in the final stages of reviewing and analyzing the data and has not completed the final valuations at this time. The office anticipates mailing the new assessments in mid-November and each property owner will receive an individual notice of their new assessment.
All property owners will be given an opportunity to attend an individual informal hearing for the purpose of discussing any questions regarding the assessment process and valuation issues. The Assessor’s office will be providing additional information in the next several weeks as they near the completion of the Revaluation.