Orange CT revaluation tax assessments

The Town of Orange CT in October of 2006 performed a revaluation on property assessments, which will be phased in over the next 5 years. If you are interested in calculating the difference on your current home or on one you are interested in purchasing in the town of Orange the formula is as follows;

Example: 2006 assessment = 238,400

2005 assessment = 138,000

238,400 - 138,000 = 100,400

100,400/5 = 20,080

20,080 + 138,000 = 158,080

158,080 x .0299 = $4,726.60