Wilton’s revaluation process is almost finished and preliminary values are under review.

Assessor Sarah Scacco gave an update on the tax revaluation process to the Board of Selectmen at its meeting on Dec. 17.

Work on the revaluation process included data mailers, which were sent to property owners in 2017.

There has been a review of all qualified sales that occurred in the market prior to Oct. 1, 2017,  with a focus on sales that occurred between Oct. 1, 2016 and Oct. 1, 2017.

Residential notices will be going out by the end of December, Sacco said. Commercial notices will be going out by Jan. 4.

Once preliminary numbers are released, taxpayers will have the opportunity to have an informal hearing with Vision Appraisal, which conducted the revaluation. Those informal hearings will be held from Jan. 7 through Jan. 25, as needed, at the Comstock Community Center.

The Oct.1, 2018 grand list is expected to be finalized by Feb. 28, Sacco said.

There will then be an opportunity for taxpayers to discuss their assessments with the Board of Assessment Appeals.

Board of Assessment Appeals applications can be received between March 1 and March 20. Hearings will take place in April.

The informal hearings with Vision Appraisal are important, Sacco said, because they provide an opportunity for any necessary changes to be made prior to the grand list being signed.

Informal hearings also provide an opportunity for taxpayers to get a better understanding of their new valuation, she said.

She urged property owners to compare their new valuations with valuations of similar properties in their area.

This information will be available online and in the assessor’s office once new assessment notices are sent out.