New assessor discovers over 50% of Southwick’s residential property values are too low

New assessor discovers over 50% of Southwick’s residential property values are too low

SOUTHWICK — After a homeowner questioned why their property was valued so much higher than their neighbor’s, a similar-sized home on essentially the same lot size, the town’s new assessor and his staff, with assistance from the state’s Department of Revenue, did a deep dive into the values of homes throughout town and found that over 50% were undervalued.“Because it’s a revaluation year we were going through the classification process and [DOR] …