East Windsor cuts homeowner assessments 15%. Enfield is next in line for the question.
A new state law allows towns to cut assessments for owner-occupied homes from 5% to 35%. East Windsor just approved a 15% reduction. A decrease in homeowner assessments may cut tax burdens on owner-occupied properties but raise them on commercial properties. East Windsor is the second town to approve this assessment reduction, now allowed under state law. Photo: Former Macy's building. East Windsor is lowering assessed value on owner-occupied homes by 15%. It is the second town in the state to take advantage of a new state law that allows local communities to lower assessments anywhere from 5% to 35% on an owner-occupied primary residence — single and two-family homes, as well as condos. New Milford went first, and set a 10% assessment reduction. If East Windsor's 15% reduction were adopted by Enfield, it might work like this: A home with a market value of $300,000 has an assessed value of $210,000. A 15% reduction would lower the assessment on this home to $178,500. The tax...
