Archive for November 26th, 2016

November 26th, 2016

Assessment Down, Taxes Up – Taxes 101

by Christopher O'Brien

Part 1, of a 3-part series.

By Roy Balkus

So, you got your new assessment from the Town of Wolcott for your house. Oh, look, the assessed value is down, great that means my taxes will go down!!!! Probably the only time you would be happy to think that your house was not worth as much as it used to be.

But wait, not so fast let’s look at the process of revaluation, the why and the how and how your house fits into the “grand list”. Then you will better understand the process and be in a better position to perhaps know whether they will go up or down. And perhaps become more

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