Assessor

Alerts:

The Town of Thompson will be conducting a state mandated revaluation of all real property for the October 1, 2024 Grand List. Data collection notices will begin to be mailed out November 2023. In order to help understand the revaluation process, below are frequently ask questions.
 

Who is conducting the revaluation and who do I call with questions?
The Assessor's Office with the assistance of Municipal Valuation Services, LLC will be conducting the revaluation. Contact the Assessor's Office at 860-923-2259 with all questions.

What is an assessment?
The assessment is 70% of fair market value as of October 1, 2024.

How is the market value determined?
Market value is the most probable price that a property would bring in a competitive and open market. 
The market value is based on an analysis of the the sales in Thompson for up to two years prior to October 1, 2024. Some of the factors that influence market value are; location, topography, utilities, zoning, lot size, age of improvements, construction quality, etc.

How will I know if my assessment is equitable?
First, compare your property to similar properties that have recently sold. Your value should be in-line with these sales prices. Second, compare your property to houses in your neighborhood. Your value should be reasonable to the factors that have valued the properties in your area. 

Will the revaluation increase my taxes?
A revaluation does not increase or decrease the budgetary needs of the Town; therefore, a revaluation will not increase or decrease the amount of revenue for the Town. However, a revaluation may shift the burden of taxes from one area of Town to another, depending on the sales and market condition for various locations around Town. Example, if the average assessment increase around Town is 20%, but your valuation increase was only 15%, you may see a decrease to your tax burden. Inversely, if the average assessment increase is 20%, but your valuation increase was 25%, you may see an increase to your tax burden. 

 

What We Do

  • Establish assessed values for all real property in the Town
  • Document & verify transfers of real property
  • Process veteran exemptions
  • Process homeowner credits for the elderly & disabled
  • Process renter rebates for the elderly & disabled
  • Oversee the revaluation process
  • Maintain a record of sales
  • Maintain tax maps through GIS
  • Make property cards accessible to the public
  • Discover and value personal property
  • Value motor vehicles received as unpriced from DMV
  • Process adjustments to motor vehicles sold, totaled or moved out of state
  • Process farm and forest PA-490 applications

Staff Contacts

Name Title
Paul Hopkins Assessor, CCMA II
Maggie Houlihan Assistant to the Assessor