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Showing posts from November, 2023

Town Council Begins Revaluation Updates With Sharp Jump in Home Values—and Worries About What Comes Next

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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...
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Voter turnout will be crucial if Democrats hope to retain Enfield's Council majority

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  In the 2021 municipal election, Enfield Democrats won 7 out of the 11 council seats, helped by a voter turnout of about 7,850 -- a substantial 19% increase over the 2019 municipal election. To maintain a majority, the Democrats will likely need a similarly strong turnout on Nov. 7 But the Democrats face obstacles this time because of revaluation. Property taxes increased by around 10% for many.  Meanwhile, council Republicans are leveraging this increase in taxes. They've taken to their mailers, chastising Democrats as having "gone hog wild with taxes and spending." Aside from being false, this criticism overlooks Enfield's underlying issues — issues for which the Republicans, after 14 years at the helm, cannot evade responsibility. You can think about revaluation like Warren Buffett talks about stock market declines: "Only when the tide goes out do you learn who has been swimming naked." It means everything looked good until the market crashes, and then p...
Location: Enfield, CT 06082, USA
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