The Town of Farmington has contracted Tyler Technologies to conduct the State-Mandated revaluation effective October 1, 2017.
The purpose of a revaluation is to maintain equity throughout town. Since fair market value is affected by a number of factors including location, desirability and supply and demand, all properties are reviewed for accuracy in value.
Our ultimate goal is to estimate fair market value of every property as of the assessment date, which is October 1, 2017. Once the market values have been determined, the assessment is calculated, reflecting 70% of the market value. Every property owner will be mailed a notice of assessment change indicating the previous assessment which was based on the fair market value from the previous revaluation of 2012, and the new assessment, updated to 10/1/17. A tax bill will be generated in July 2018 reflecting the 2017 updated value.
Currently, employees of Tyler Technology will be seen around town, taking photos and/or conducting inspections of recent building permits, identified as “Tyler Technology; Assessor’s Office”. They are wearing name tags, and their vehicles are registered with the Assessor’s Office and the Farmington Police Department.
If you have any questions or concerns about this process, please feel free to contact the Assessor’s Office.
We thank you for your cooperation in this project.
Christine A. Barta, CCMA II
Assessor, Town of Farmington