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PA 490 Farm & Forest Values changing with the 2024 Revaluation

Posted on: January 6, 2025 - 9:19pm

New 490 Values will take effect for the 2024 revaluation.  Many property owners in Willington have land classified as farm, forest and open space under the PA 490 program, the use value assessment program in CT (CGS Sec. 12-107a – 12-107f).  Every 5 years, the Secretary of the Office of Policy and Management and the Commissioner of Agriculture are required to develop per acre use values to be used in the assessment of farm and forest land.  Farmland values are based on agricultural rents.  Forest land values are based on characteristics such as the type and density of trees, sawlog prices and tree growth rates.   Open space values are set by each town and cannot be lower than the value of the land as a component of farmland. 

 

At the time of the 2018 revaluation, the 2015 values were in effect.  For the 2024 revaluation, the 2020 values are in effect. 

 

 

 

PA 490 100% VALUE*

 

Per acre value

 

Land Classification

Old Value, 2015

New Value, 2020

% Change

Tillable A

1,960

1,880

-4%

Tillable B

1,390

1,280

-8%

Tillable C

670

1,110

66%

Tillable D

460

850

85%

Orchard E

1,390

990

-29%

Pasture F

140

280

100%

Swamp, Ledge, Scrub Lands

40

40

0%

Woodland as Part of Farm Unit

240

390

63%

Forest Land

240

390

63%

Open Space

480

480

0%

 *Your assessment is based on 70% of the table figures.