What is the fair market value and who determines it?įair market value is a legal term defined by the courts as the probable price which a property would bring on the open market, given prudent, knowledgeable and willing buyers and sellers. Real estate assessments are established during the town-wide revaluations, which are performed on a periodic schedule, established by State Law.įor more information, please call 86. For motor vehicles and business personal property, this assessment is recalculated annually as of October 1st. In Connecticut, an assessment is equal to 70% of the fair market value as established by the municipal Assessor. In order to determine the tax liability of a particular property, the property assessment is multiplied by the municipality's mill rate. It is the basis upon which the property tax levy is distributed among the property owners in a community. What is an assessment?Īn assessment is the value placed on a property appearing in the Grand List. Recycling - Single Stream Automated Recycling. Parks and Grounds - West Meadow Cemetery.Building Department - Online Permit Center.This section includes tabbing books and other test taking strategies to keep calm and focused during the exam. Test simulations are as close to the real exam as you can get. Test simulations are restricted by time, and hints are disabled. Comprehensive exams randomly generated from our database of questions. These practice quizzes are based on each individual book/reference. This will familiarize you with each book’s content and its layout. Introduce the critical information in your book(s). Here, we teach you math concepts for sizing water supply pipe, drain pipe, and vent pipe based on drawings. The exam prep includes math, isometrics, highlighting guides covering the topics your exam is based on, practice questions for each references, and unlimited attempts on our "test simulation".
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