An informational meeting is being held in Newtown tonight about the 2017 Revaluation Project. Newtown is currently in Phase 2: Market Analysis.
Newtown Officials say a variety of resources are used to analyze the real estate market. While the physical data is being collected by Vision data collectors, appraisal personnel will be analyzing sales that have taken place over the last few years to determine which market factors influenced property values.
Once all the data is collected and reviewed for accuracy, the appraisers will determine land value and set neighborhoods that rate the desirability of locations throughout Newtown. Individual property values will not be discussed at this meeting.
New property values will be announced at a later date.
Tonight's meeting is at 6:30pm at the Municipal Center.