The 2014 revaluation of all properties in East Greenwich is finally complete – letters will be mailed on Monday to residential and commercial property owners with new property values, according to EG Tax Assessor Janice Peixinho.
Northeast Revaluation Group appeared before the Town Council Monday night to explain the revaluation process. This was a “full” revaluation, in which every property was inspected and remeasured from at least the exterior. Interior inspections were requested but property owners could refuse.
The last revaluation, in 2011, was “statistical,” meaning only recently sold properties were inspected. Full revaluations are done every nine years. The purpose of a revaluation is to determine the distribution of the tax burden, not the amount. The amount is determined yearly by the Town Council.
According to Northeast Revaluation, the values of single family and multi-family properties rose slightly, just over 1 percent, while commercial and condominium values fell slightly, just under 1 percent.
If you disagree with the appraisal, you can request an informal hearing (contact information will be included in your appraisal letter). Northeast Revaluation recommends you do NOT pay for a separate appraisal for that initial hearing. You are welcome to bring photographs and documents that relate to structural or other problems that could affect your appraisal. Bring copies – the items will not be returned.
A decision will take three to four weeks and then a new letter will be sent out.
If you are still not satisfied, you can appeal the appraisal to the Board of Assessment Review.
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