Orange phase-in (starting 2024)

 

Orange is undergoing a 4 year phase-in based on the 2023 reassessment and grand list. This phase-in spans from the 2024-2025 tax year to 2027-2028 tax year.

The town will then be reassessed in 2027.

Click here for more information on phase-ins.

 

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:

2025-09-23_11-30-02.jpg

 

 

Click here to access the Town of Orange'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).

Was this article helpful?
4 out of 8 found this helpful

Comments

0 comments

Please sign in to leave a comment.

Our support hours:
Mon-Thursday - 8:30 am - 7:00 pm Fridays - 8:30 am - 6:00 pm Saturday/Sunday - 9:00 am - 3:00 pm
About SmartMLS
Working with you to make homeownership happen.
Tell Us How We're Doing
Take a minute, let us know or send us a suggestion