Norwalk phase-in (starting 2024)

On February 29, 2024, the City of Norwalk finalized a revaluation of all taxable property. By state statute, this was required to be a full physical revaluation. The results were reflective of a strong, post-pandemic residential housing market and a relatively flat to down commercial market. Overall, values were up an average of 35% citywide.

After a lengthy and detailed analysis, the Mayor and City Boards made the decision to phase in the revaluation to mitigate the impact of the tax increases to residential property owners.

This phase in will take place over the next four fiscal years, beginning in July 2024. Fiscal year end 2025 will be the first year of this four year process.

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