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The Town of Smithfield has contracted with Vision Appraisal
Technology to complete a Town wide statistical revaluation as of
December 31, 2009 and will begin June 29th, 2009. Vision Appraisal
will be working with the Assessor’s office to make the project a
successful one. The last revaluation was completed in 2006 and
current state laws require towns to revalue every three years. A
revaluation will determine the current fair market value of every
property in town. It equalizes the values of all properties for the
purpose of a fair distribution of the tax burden. The purpose of a
Revaluation is not to raise taxes. The purpose is to create an
equitable distribution of the tax load.
The major phases to a municipal statistical revaluation are: Review
of Sales, Market Analysis, Valuation, Field Review and Informal
Hearings. No interior inspections are scheduled for this revaluation
as it is a statistical. Following establishment of an estimated
total value for individual properties, review in the field is
conducted by experienced appraisers. Field review is the method of
checking and re-checking both the values that have been determined
and the data that has been collected. Data will be reviewed during
the field review and if a discrepancy is observed, contact will be
made for an inspection. You can visit the Vision Appraisal
Technology website at
www.visionappraisal.com for information that explains the
revaluation process, and read answers to frequently asked questions
As this project moves forward, Smithfield property owners should
note that all representatives of Vision Appraisal carry
identification and a letter certifying they are registered with the
Town and the Smithfield Police Department.
If you have any questions about the revaluation process or need
additional information please contact the Assessor’s office at (401)
233-1014. I am also available by email at
assessor@smithfieldri.com.
Suzanne P. Kogut RICA
Smithfield Tax Assessor |
