Sewer Assessment for an - Town of Wilton

A-3a
HISTORICAL ASSESSMENT STUDY
The subject property was constructed in 2009 and was not in place in 1976. In order to arrive at an
assessed value of the improvements as of 1976, a comparison was made to assessments of existing
Class A office properties in place around that time. A detailed study of the Wilton office market has
revealed six properties considered comparable to the subject property. These buildings are compared
and adjusted to the subject property in the table appearing on the following page.
Note that the assessments in place in Wilton as of 1976 were established during the October 1, 1974
townwide revaluation. Historically, revaluations occurred every 10 years, so the October 1, 1974
revaluation figures remained in place through the October 1, 1983 Grand List. Any property constructed
up to October 1, 1983 would have been assessed based on a trend back to 1974 values, and would be
eligible for this study. Real estate assessments reflect 70% of market value according to State statutes.
The historic assessments for the six studied buildings were broken down between land and building
components. Since the land component is assessed separately, this analysis focuses on the building
assessments. The properties were studied on an assessment per square foot of building basis, with
adjustments made based on the overall superiority or inferiority of the comparable as indicated by the
current variance in relative building assessment. Refer to the following page for this analysis.
KERIN & FAZIO, LLC