Windsor phase-in (starting 2024)

The October 2023 grand list reflects the results of state-mandated property revaluation, which the town is required to conduct every five years at minimum. The net taxable grand list for October 1, 2023 is $4,439,061,648, which is an increase of 24.89%. The main driver of the increase is the real estate component of the grand list, which increased $838.2 million or 31.5%. Personal property saw an increase of $65.4 million or 11.1%, while motor vehicles decreased $19 million or 6.2%.

This is without a doubt the largest increase to the grand list in one year that Windsor has experienced in many decades, if not ever. Due to this, the Windsor Town Council agreed to phase-in property revaluation over two years. The grand list for the first year of the phase-in is $3,928,000,000. The results of property revaluation on residential property values are by no means unique to Windsor.

According to the Federal Housing Finance Agency Quarterly report dated November 2023, single-family housing prices nation-wide have seen a 59% increase over the last five years. In the New England region, the increase is over 63% for the same time period. Housing prices in all major metropolitan areas in Connecticut have increased by 63% as well. Below is a breakdown of the real estate portion of the grand list:

If you are entering a listing that is within a town currently undergoing a phase-in, you must enter the phase-in tax and assessment amounts from the current tax bill in their respective fields:

Click here to access the Town of Windsor's tax collector lookup site.

Use the following steps to manually calculate your phase-in amount:

1. Subtract the old assessment from the new assessment to calculate the difference:
   Ex: $300,000 - $200,000 = $100,000
   
   
2. Divide the difference by the number of years of the phase-in (4) to get the Phased-In Amount:
   Ex: $100,000 / 4 = $25,000
   
   
3. Add the phased-in amount to your current assessment to calculate the New Assessment Amount:
   Ex: $25,000 + $200,000 = $225,000
   
   
4. Repeat step 3 for each year of the phase-in to calculate that year's new assessment amount.

Based on the example above, the phase-in assessments by year are:

• • • Year 1 = $225,000
    • Year 2 = $250,000
    • Year 3 = $275,000
    • Year 4 = $300,000

This formula applies for all 4 years of the phase-in (unless there are changes made to the property).