Bloomfield phase-in (starting 2025)

Bloomfield is undergoing a 4 year phase-in based on the 2024 reassessment and grand list. This phase-in spans from the 2025-2026 tax year through the 2028-2029 tax year. 

The Bloomfield Assessor is in the process of adding a phase-in tax calculator to their site. Once that utility becomes available, we will update this article with a link to the calculator.

In the meantime, 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).