I wish to thank your reporter, Nelson Oliveira, for the article titled "Property values on the decline" in the Feb. 7 edition of New Canaan News. The article depicted a property with the proposed 2013 assessment of $3,840,060 (fair market value is $5,485,800 as the assessment value is 70 percent of the fair market value). Yet, this property is currently listed for $7,495,000.
I plan to file an appeal with the Board of Assessment Appeals using information from "sold" properties as supporting evidence. Thank you for providing this strategy!
Betty J. Lovastik