Town Wide Reappraisal

 PROGRESS REPORT 

 

The Town of Randolph is closing in on the end of a comprehensive town-wide reappraisal program that is scheduled to be completed for the 2024 Grand List. The main objective of this reappraisal is to establish accurate, fair, and equitable property values for all the properties within the Town. To carry out this process, the Town has contracted with New England Municipal Consultants (NEMC) of Lyndon Center, VT. NEMC has deployed qualified data collectors to gather information on all the properties. They have been collecting both exterior and interior property data. To date NEMC has inspected over 900 homes giving them a favorable entry rate for this project. 

 

Final inspection letters were mailed out at the end of February and they were able to increase their entry percentage.  The re-inspections are complete, as well as collecting the final data for open permits and New Construction checks.  For the process to be successful, your cooperation is essential in providing accurate property data.

 

If NEMC was unable to inspect the interior of your property, an estimate of interior construction and quality will be used to value the buildings on the property.  

 

Along with collecting property data, NEMC will conduct an analysis of properties sold in Randolph for at least three prior years to determine the fair market value of your property. Fair market value is best described as the value you would reasonably expect to receive if you were to sell your property. For this reappraisal, the value set will be the fair market value as of April 1, 2024.

 

Preliminary value notices will be mailed with instructions on how to schedule an informational hearing with NEMC to answer any questions or concerns you may have some time in May.  This process will be before and in addition to the normal grievance process.

 

Please don't hesitate to contact the Listers' Office with any questions, comments, or concerns at 802-728-5433 x22 or email lister@randolphvt.org