The Waterbury Democrat., 1946-01-01

l A4 WGEkn &&e.U0U.
 0ofloua means of detersnlnina equitable valuations have been used EI the George D. Horan O.. the 1oncorn employed by the city to undertake tho revaluatlon. On prl- Vate dwellings Che present fair. market value has been determined ny such means as the average sale value of comparable properties in the same nelghborhood and hy aetailed physical examination of the property being valued. Tnaus- tlAAl property has been adiudged by the square foot basis, plus revenue and other pertinent factors. Down. town retail and office building property has been valued according to physical makeup, plus estimated revenue as determined from rents, leases, contracts, etc.
 Does Not Expect Protests
 Asked if he anticipated numer- 0as protests because of the many increases MT. Jenks said he did not.
 Persons who have been assessed low, and know it. will not com- plaln m most instances" he said,
 Those who feel they have been in- creased unwarrantedly will have access to the records to see for themselves how we arrived at our conclusions"
 Admitting it is possible that er- TOTS may have been made in some instances, the Chief Assessor stressed the fact full opportunity will be given everyone to correct such errors.
 All persons wishing to dispute their new revaluations, where in- creased, must file formal applica- ton for Q hearing with the Chief Assessor after, but not before, Jan. '. These applications must be filed in person by the owner or by an accredited agent. They will then be given a hearing by MT. Jenks. If the solution is not satisfactory they will then be presented to the Board of Tax Review.
 Board Composition Given
 The latter board, which will con- Sist of Victor Mambruno CD chair man, Bernard Reilley (D) and Car mine Calo (R), will be in session TOT the first 20 days of February, this year, daily from to l2 a. m. ana 2 to p. m., except Saturday, when only the morning session will pc held. All complaints must have been registered with the board be- lore the 10th of February. MT. officio.
 All property valuations protested by the owner will be re-checked in Sne field; that is, a man will be sent again to the property to re- check its physical makeup.
 All notices forwarded yesterday ny the Assessors Office do not nee. essarily mean an overall increase. MT. Jenks explained. For example. property holdings of an individual consisting of land, house and ga- rage may receive an increase only on the garage, while at the same time the house might be decreased over the amount of increase, thus decreasing the total valuation. However, since an increase was noted on one item of the total holdings the card of notification had to be forwarded under the law.
 Persons not receiving any in- -creases will not receive these cards. Notices of their new valuation whether it be the same or a de. crease will be forwarded to these property owners sometime within a month.
 Tr,SRuekx.saI vwu..a.. IT. Many industrial properties have been increased in valuation assess ments; particularly, those buildings | set up during the war and with in- creased revenues. A few have not | changed or have decreased slightly. It was revealed today.
 Downtown property, generally | speaking, has been increased. This | IS due in part to increased revenues | oy way of rents, leases, etc.
 Many increases are noted for the | private property owners, although | Rne Assessors Office has been so | busy preparing notices that no final population of these increases have | been made, as yet. Some land val- nations such as those on Hillside 1 avenue, Prospect street Grove sTeet, Pine street, Columbia boule- | vards and other older sites have been substantially reduced. This | applies to some other locations as | well where older houses in older | sections, which have been reduced | m value by time, have not received | any corresponding change in as- Sessment. In many instances, the | land valuations have been cut in | half in these areas. Newer private | properties will be increased in many instances.
 Many increases will not mean more taxes to be paid by respective property owners" Mir. Jenks stressed. Where increases amount ing to few hundred dollars occur. Of which there are many, there will | obviously be no increases in taxes for the individual
 Praise for Firm
 The Chief Assessor praised Mir. Horan and his firm members who made the revaluation, pointing out the handicapS of wartime such as manpower shortage, material short- ages and others.
 There has been no rse-trading and there won't be any on these valuations" he emphasized.
 We have revalued this property on it's merits and in the majority cf instances couldn't tell you who owned the property-nor do care, now or anytime"
 Under the new system 6 complete change in the methods and physi- cal makeup of the local assessors ofnce will be effected. Discarding of tkie outmoded hand-posting method VIII be effected with all computa- Gons, filing, registering etc., done on the International Business Ma.