Connecticut Real Estate Tools

CT Real Estate Glossary

Definitions of Connecticut real estate terms from 8-30g to mill rates.

Assessed Value

The value assigned to a property by the local assessor for tax purposes. Connecticut assesses most residential property at 70% of fair market value, though revaluation schedules vary by town.

Example: A home worth $400,000 on the open market may have an assessed value of $280,000.

Disclaimer: These tools provide estimates for informational purposes only. They are not legal, tax, financial, or real estate advice. Confirm all figures with your town assessor, attorney, lender, or tax professional before making decisions. Rate data is synced from Connecticut Open Data (last sync May 30, 2026).

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