Office of the Assessor
Revaluation Information
New London completed the last revaluation as of October 1, 2003. The next revaluation is scheduled for October 1, 2008. Recent changes in Connecticut law mandate that revaluation must be completed at least once every five years.
The purpose of revaluation is to determine the fair market value of all properties in the City Of New London. Fair market value is the price that you could expect to receive if you sold your property in its current condition, after being exposed to a competitive, open market for a reasonable time, to a knowledgeable buyer acting prudently, under all conditions requisite to a fair sale, and assuming that neither buyer nor seller is under undue duress.
Revaluation ensures that the value of your property and that of your neighbors, in your neighborhood and throughout the city is equitable and updated to reflect the current fair market value. It is fair market value that is the basis for the taxable assessed value, which is set by law at 70% of the fair market value. The annual tax bill is determined by multiplying the mill rate by your property's assessed value.
For access to the City Of New London Database and Revaluation Project Information please click here.
To view helpful videos outlining the revaluation process click here.