The Grand List is official.
And it continues to grow.
Westport town assessor Paul Friia announced yesterday that the net 2023 Grand List of $11,468,456,765 represents an increase of 1.38 percent from the net 2022 Grand List ($11,312,004,303).
The Grand 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. Real estate is updated based on the market values determined at the town’s last revaluation date (October 1, 2020).
Homes like this one on Beachside Avenue help boost the Grand List.
This year’s Grand List showed increases in 2 of the 3 categories.
The 1.5 percent increase in real estate assessment results from continued residential and commercial new construction, plus renovation activity that occurred within the last assessment year, Friia says.
Construction continues on the 31 condominiums at “The Mill” (41 Richmondville Avenue) and the 12 condos at 60 Wilton Road.
In addition, the Belta Farm 9-lot subdivision, and the construction of nearly 60 new homes contributed to increased in the 2023 real estate Grand List.
The Mill on Richmondville Avenue will add 31 condos to next year’s Grand List.
Personal property increased approximately 5 percent, suggesting “a continued reinvestment in local new and existing businesses to include equipment and leasehold improvements,” Friia says.
The one category that decreased was motor vehicles (5.1 percent). Friia expected that, due to “the reduction in motor vehicle values post-COVID.”
The current 2023 Grand List totals are:
| Assessment | 2023 | % of List |
| Real Estate | 10,610,104,816 | 92.52 |
| Motor Vehicle | 461,685,370 | 4.03 |
| Personal Property | 396,666,579 | 3.45 |
| TOTAL | 11,468,456,765 | 100% |
The Grand List will be used for fiscal year 2024-2025 town budget calculations. NOTE: The figures above are subject to change, based on Board of Assessment Appeal hearings in March, and any corrections or pending lawsuits.
The Top 10 Westport taxpayers are:
Connecticut Light & Power Inc Pers. Property 142,022,480
60 Nyala Farms Road LLC Real Estate 83,335,700
Bedford Square Assoc LLC Real Estate 51,520,000
Aquarion Real/Pers. Prop. 38,700,440
Equity One Westport Vill. Center Real Estate 34,383,600
Bridgewater Associates LP Pers. Property 27,272,840
Byelas LLC Real Estate 24,856,700
Bankside House Westport LLC Real Estate 24,569,000
LCB Westport LLC Real Estate 24,532,860
Southern Connecticut Gas Co Pers. Property 22,328,270
Westport’s second-highest taxpayer: the office building at Nyala Farm, off the Sherwood Island Connector. Not the deer. (Photo/Nico Eisenberger)
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