The Town of Wethersfield has completed the State-mandated Revaluation for the October 1, 2024 Grand List. The Town Council has adopted a four-year phase-in of the new values from the Revaluation.
This phase-in spans from the 2025-2026 tax year through the 2028-2029 tax year.
Click here for more information on phase-ins.
Use the following steps to manually calculate your phase-in amount:
- Subtract the old assessment from the new assessment to calculate the difference:
Ex: $300,000 - $200,000 = $100,000
- 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
- Add the phased-in amount to your current assessment to calculate the New Assessment Amount:
Ex: $25,000 + $200,000 = $225,000
- 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).
If you are entering a listing that is within a town currently undergoing a phase-in, you must change the information that auto-populates from the tax record. Enter the phase-in tax and assessment amounts from the current tax bill in their respective fields:
Click here to access the Wethersfield Assessor's website.
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