Real Property Assessment Services

The vendor required to provide real property assessment for fiscal year 2027 pursuant to the general laws of the agency.
- Other project requirements
1. Public relations: 
•    The assessors and the contractor will cooperate in maintaining good public relations throughout the period of this project. 
•    All activities necessary to promote public understanding, awareness and cooperation in conjunction with the entire project.
2. Local staff training: 
•    Training for the assessors and staff will consist of on-the-job training. 
•    On-the-job training will include, but not be limited to, the assessors and office staff working in the appropriate phases of this project under the contractor's supervision.
3. Data collection: 
•    There are no data collection services as part of this scope of services. 
•    Identify each parcel in accordance with the applicable of revenue's "guidelines for classification of property according to use, property type classification codes".
4. Sales verification:
•    The property inventory data for those properties located throughout the town which have sold in the complete calendar year prior to the valuation date for this program. 
•    This verification is to enable the contractor to produce a machine-readable file for valid arms-length sales, describing inventory status as of the date of sale. 
•    Verify this data for all sales occurring until the valuation date of this program. 
•    Develop and provide the assessors with appropriate written documentation for the sales verification effort.
5. Market value approach:
•    Employ a market adjusted cost approach. 
•    It is a system that is very easy to explain to the taxpayer, as well as a system which is very familiar to the department of revenue certification team.
•    This approach is used on residential properties with its starting point based upon replacement cost approach values.
•    It is then fine-tuned by adjusting these replacement cost values based upon market sales activity, segmented and segregated by the most pertinent property characteristics.
•    Overall property values, including improvement value, will be verified by the sales ratio analysis, segregated by the pertinent value related factors of each property. 
•    This analysis will be done within various categories, including style of home, segmented by size and age group in ten (10) year increments, by lot size and location factors. 
•    This analysis enables the appraisers to fine-tune the replacement cost approach for each property to create a mirror image of market sales activity within the town.

- Questions/Inquires Deadline: February 13, 2026