Town Council Begins Revaluation Updates With Sharp Jump in Home Values—and Worries About What Comes Next
The town assessor cited four examples to the Town Council monday of price gains on Enfield homes since the last revaluation. This home showed the most dramatic increase. The jump may be due to strong demand for lower-priced homes, upgrades made between sales, or a combination of both. The Town Council plans to give regular public updates on the upcoming property revaluation. The first of those updates came last night with a look at how sharply residential property values have increased since the previous revaluation. Enfield is conducting a property revaluation as required by state law. The process will run through 2026, and residents will receive their new assessments in November of that year. Those assessments will apply to the FY28 budget, which takes effect in July 2027. Residential values in Enfield have risen significantly since the 2021 revaluation (See examples below). The concern for town officials is a potential tax shift: if commercial property values have not increased at t...
