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Showing posts from June, 2022

Town Council Begins Revaluation Updates With Sharp Jump in Home Values—and Worries About What Comes Next

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The town assessor cited four examples to the Town Council monday of price gains on Enfield homes since the last revaluation. This home showed the most dramatic increase. The jump may be due to strong demand for lower-priced homes, upgrades made between sales, or a combination of both. The Town Council plans to give regular public updates on the upcoming property revaluation. The first of those updates came last night with a look at how sharply residential property values have increased since the previous revaluation. Enfield is conducting a property revaluation as required by state law. The process will run through 2026, and residents will receive their new assessments in November of that year. Those assessments will apply to the FY28 budget, which takes effect in July 2027. Residential values in Enfield have risen significantly since the 2021 revaluation (See examples below). The concern for town officials is a potential tax shift: if commercial property values have not increased at t...
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Enfield Square redevelopment proposal on the way

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Enfield Square, June 2022 The owners of Enfield Square are preparing to present a redevelopment plan for the mall.  There are three "concepts" being considered by the town and the mall's owner, the Namdar Realty Group, according to the Enfield Economic Development Commission (EDC). These concepts aren't public. That something is in the works for Enfield Square came to light in January when the town surveyed residents for their opinions on the mall redevelopment. The ideas in this survey ranged from strip malls and big-box plazas to concepts that combined retail, residential, and entertainment. They also included high-density development, with parking garages and buildings as high as eight stories.  The EDC's minutes from May reveal this:  -- The "concept plan" for the mall was expected to be submitted in early June, and a progress meeting with the state and mall owner was set for around that time. -- The Planning & Zoning Commission (PZC) will appro...
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