If your property is assessed or valued more than its fair market value, you are paying too much in taxes, but you do have recourse.
Attention Cheshire, Madison, Wolcott, and Old Saybrookn residential and commercial property owners! Your town or city is revaluing all real property for its Grand List effective October 1, 2018.
Those values will be used to calculate your property tax. The value determined this year will be carried forward to the next four or five years until the next revaluation. Now is the time to determine whether your property is correctly valued.