The town has announced the net 2019 Grand List.
At $11,445,273,580, it’s an increase of 1.17 % from the net 2018 Grand List of $11,311,830,644. The list is the sum of the net assessed value of all taxable property: real estate, motor vehicles, and personal property, a press release from assessor Paul Friia says.
Motor vehicles and personal property are valued annually. Real estate is updated based on market values on the town’s last revaluation date (October 1, 2015).
Work has already begun on the October 1, 2020 revaluation.
According to Friia, the 1.11% increase in real estate assessment totals results from continued residential and commercial new construction, along with renovation activity during the last assessment year.
New apartment/retail developments at 793 Post Road East and 201 Main Street, the new assisted living facility at 1141 Post Road East and the new development at 500 Main Street were significant projects that led the increases in the 2019 Grand List, Friia says.
Personal property increased 1.75 %, while motor vehicles showed a 2.6% increase.
The current 2019 Grand List totals are:
|Assessment||2019||% of List|
The Grand List will be used for fiscal year 2020-2021 town budget calculations.
Friia’s press release includes information on Westport’s top 10 taxpayers:
Connecticut Light & Power Inc Pers. Property $139,409,760
60 Nyala Farms Road LLC Real Estate $89,277,600
Bedford Square Assoc LLC Real Estate $58,800,800
Equity One Westport Vill. Center Real Estate $35,890,600
Byelas LLC Real Estate $24,424,500
Aquarion Real/Pers. Prop. $23,549,350
285 & 325 Riverside LLC Real Estate $21,291,300
Campana 125 LLC Real Estate $20,767,800
1735 Ashley LLC Real Estate $19,949,400
Ronnie F Heyman Trustee Real Estate $19,508,800