Woonsocket Property Revaluation Underway

WOONSOCKET, R.I.: The City of Woonsocket has announced that the 2017 property
revaluation is underway and will continue through the end of the calendar year. The
purpose of the revaluation project is to update all real property values in the
City, using sales and market data. Northeast Revaluation Group, LLC, a Rhode Island
based revaluation company, was awarded the contract for the project.

The revaluation currently underway is considered a «full» revaluation, which is
required by the State to be performed every 9 years. The full revaluation involves a
physical inspection of properties in the city – a more in depth process than
statistical revaluations, which are performed every 3 years.

During the first phase of the project, Northeast Revaluation will send Data
Collectors to visit and note specific property features. The data collector will
measure the exterior of a property, update any physical characteristics, and ask for
permission to view the interior of the property. If the property owner is not at
home, Northeast Revaluation will mail a letter to the property owner requesting an
appointment be made to inspect the interior. Northeast Revaluation employees will
carry identification badges, and their automobiles are registered with the
Woonsocket Police Department. The revaluation is for the year 2017, and new values
based on market value as of 12/31/17 will be sent to property owners, early in 2018.

There are approximately 11,000 parcels of property in Woonsocket and the data
collection process will occur over a span of 7-8 months. For any questions
regarding this revaluation project, property owners may call the City Assessor’s
Office at 401-767-9271, or Northeast Revaluation at 401-737-0300.