Grand List: Grand Facts

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.

The new Residence at Westport is a new addition to Westport’s Grand List.

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
Real Estate $10,148,497,205 93.70
Motor Vehicle 364,441,700 3.37
Personal Property 317,431,809 2.93
TOTAL 10,830,370,714 100%

New Maseratis help raise the Grand 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

The Nyala Farms office complex: Westport’s 2nd highest taxpayer.

 

One response to “Grand List: Grand Facts

  1. Wonder what the most valued car in town is?

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