Town assessor Paul Friia has released some facts about the Grand List. That’s the sum of the net assessed value of all taxable property – real estate, motor vehicles, and personal property.
The net 2020 Grand List of $10,830,370,714 represents a decrease of approximately 5.4 percent from the net 2019 Grand List of $11,445,273,580. The primary reason is the revaluation of October 1, 2020.
Despite the overall real estate grand list decline from the 2015 assessments, the actual change without the revaluation influence was an increase of just under 1.0 percent.
This is a result of continued new residential and commercial construction, plus renovation activity within the last assessment year.
For example, work was completed on The Residence assisted living facility at 1141 Post Road East, and the Mercury gas station at 1830 Post Road East. Work continues on the Daybreak condominium development, and residential units at 41 Richmondville Avenue.
While real estate is updated based on the market values determined every 5 years, motor vehicles and personal property is valued annually.
The increase in the motor vehicle Grand List was approximately 3.9%. The personal property Grand List remained largely unchanged from last year, due to both the closure of businesses and a slowdown of new business openings during the pandemic.
The current 2020 Grand List totals are:
|Assessment||2020||% of List|
The Grand List will be used for fiscal year 2021-2022 town budget calculations. The figures above are subject to change based on Board of Assessment appeal hearings in March, and further changes due to corrections or pending lawsuits.
Friia also announced the the top 10 taxpayers in Westport, with their 2020 Grand List assessments:
Connecticut Light & Power Inc Pers. Property $140,509,070
60 Nyala Farms Road LLC Real Estate 83,338,970
Bedford Square Assoc LLC Real Estate 53,321,200
Equity One Westport Vill. Center Real Estate 33,126,100
Byelas LLC Real Estate 24,856,700
Aquarion Real/Pers. Prop. 24,148,760
LCB Westport LLC Real/Pers. Prop. 22,302,600
1735 Ashley LLC Real Estate 20,310,860
285 & 325 Riverside LLC Real Estate 19,470,500
Ronnie F Heyman Trustee Real Estate 18,214,400