Friday, January 31, 2014
Westport’s economy is in good shape with word today from Assessor Paul Friia that the Grand List is up 1.3 percent over 2012.
Paul A. Friia: new construction and renovation boosted results. Contributed photo
While not as good as the previous year’s 1.5 percent increase, the $9,940,413,732 total was up from the net 2012 Grand List of $9,804,698,690, he said
The list is the sum of the net assessed value of all taxable property – real estate, motor vehicles, and personal property.
Motor vehicles and personal property are valued annually, while real estate is updated based on the market values determined as of the town’s revaluation date of Oct.1, 2010. Increases in the grand list were in all three categories, Friia said.
The 1.25 percent increase in real estate assessment totals is a result of residential and commercial new construction and renovation activity that occurred within the past assessment year and indicates the continued strength of the Westport market, he said.
Motor vehicle had a 2.5 percent increase in assessment totals and personal property had a 4 percent increase in assessment totals, reflecting a continued increase in commercial business activity.
The current 2013 Grand List totals are:
Real Estate $9,324,118,980
Motor Vehicle $319,602,814
Personal Property $296,691,938
The Grand List will be used for fiscal year 2014-2015 town budget calculations. The above figures are subject to change pending the outcome of Board of Assessment Appeals hearings in March.
In connection with release of the Grand List, Friia listed the top 10 taxpayers in Westport:
Top 10 Taxpayers as appears on 2013 Grand List Assessment
Connecticut Light & Power Inc Pers. Property 130,520,910
Nyala Farms Inc. R. E./P.P./M.V. 78,264,810
Bridgewater Associates Inc. Pers. Property 25,478,050
Heyman Ronnie F Trustee Real Estate 19,994,700
Roseville Estates Inc. Real Est./M.V. 19,831,700
Riverside Office 285 & 355 LLC Real Estate 19,470,700
SL Greens Farms Rd LLC Real Estate 19,075,500
Lasry, Marc & Cathy Real Estate 18,782,900
Campana 125 LLC Real Estate 17,958,400
Byelas LLC Real Estate 17,112,200
Posted 01/31/14 at 11:19 PM Permalink