To the Editor:

We can’t let the fact that fear and panic lead to overpaying for homes. There’s still real market value, not Newtown’s inflated revalue.

In April 2021, my wife died and for probate I had a real estate appraisal of $190,000 to $200,000. In April 2022 I refinanced and the bank’s appraisal was $215,000.

The bank said the appraisal was high due to panic buying. In 2017 Newtown’s appraised value was $119,760 — and for 2023 it was $263,250. A big change for 700 sq ft.

Zillow as of February 3 (2023) gives a value of $161,000 to $200,000. My house is not in perfect condition, and that $161,000 is probably a more accurate price.

Where do the town numbers come from?

I saw on tax assessor field cards I’m not alone. Most homes were up by $100,000 or more — not acceptable. So, at new mill rate of 25.86 my taxes will go up $1,498.26.

Then, on December 5, 2022, Jim Taylor in The Newtown Bee reported the town gave a simulated set of numbers and stated the difference would be only 0.8 percent or $ 81.11. I came up with $433.51.

Their numbers look good on paper but not a calculator.

Now, in a time where everything costs more — food, heating oil, gas — it’s not a time to inflate housing cost. Connecticut is already fifth in the nation with property taxes. I guess Newtown would like to be number one.

Nicer in Newtown?

So, if you’re as angry as I am, join me in signing the “Re-assess This” petition. It’s time to let the people decide assessments not the town!

To sign the petition your name needs to be on the deed for your property. If you own multiple properties, you can sign only one time only. All names on a deed can sign.

The petition signing location is Newtown Smoke Shop.

James Walker

Newtown