The Town of Orange CT in October of 2006 performed a revaluation on property assessments, which will be phased in over the next 5 years. If you are interested in calculating the difference on your current home or on one you are interested in purchasing in the town of Orange the formula is as follows;
Example: 2006 assessment = 238,400
2005 assessment = 138,000
238,400 - 138,000 = 100,400
100,400/5 = 20,080
20,080 + 138,000 = 158,080
158,080 x .0299 = $4,726.60
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