Tag Archives: town assessor Paul Friia

Quite A Grand List

Posted on February 5, 2025 | 1 comment

Town Assessor Paul Friia has announced details of Westport’s 2024 Grand List.

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, while real estate is updated based on the market values determined as of the town’s last revaluation date (October 1, 2020).

Changes to next year’s Grand ist will reflect the upcoming revaluation.

The net 2024 Grand List of $11,616,471,195 is an increase of nearly 1.3% from 2023 ($11,468,456,765).

Properties like this on Beachside Avenue help boost the Grand List.

There were increases in 2 of the 3 categories.

Friia says that the 1.6 percent increase in real estate assessment is a result of continued residential and commercial new construction, as well as renovation activity.

That includesthe completion of construction on 31 condos at 41 Richmondville Avenue (“The Mill”), and the renovation of National Hall.

The Grand List was also boosted by construction of approximately 40 new homes, and ongoing commercial development.

Personal property increased by just under 2%. Friia calls this “typical continued reinvestment in local new and existing businesses to include equipment and leasehold improvements.”

The motor vehicle portion of the Grand List decreased 7.8%. This was expected, following a change in state law that requires vehicles to be valued using MSRP, and a set depreciation schedule.

Other contributors to Westport’s Grand List.

 

The current 2024 Grand List totals are:

Assessment 2024 % of List
Real Estate 10,783,861,235 92.83
Motor Vehicle 428,120,510 3.69
Personal Property 404,489,450 3.48
TOTAL 11,616,471,195 100%

Friia also announced the top 10 taxpayers in Westport: 

Connecticut Light & Power Inc          Pers. Property                         144,150,180

60 Nyala Farms Road LLC                Real Estate                                83,335,700

Bedford Square Assoc LLC               Real Estate                                51,520,000

Aquarion                                             Real/Pers. Prop.                        40,247,920

Equity One Westport Vill. Center      Real Estate                                32,970,900

Bridgewater Associates LP                Pers. Property                           26,598,410

Byelas LLC                                        Real Estate                                24,856,700

41 Richmondville LLC                       Real Estate                                23,335,270

Southern Connecticut Gas Co            Pers. Property                           23,050,730

LCB Westport LLC                            Real Estate                                22,302,600

Much of Connecticut Light & Power’s property consists of utility poles.

 

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It’s A Grand List, For Sure

Posted on February 6, 2024 | 9 comments

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)

(Feeling wealthy? Please consider a tax-deductible contribution to “06880.” Just click here. Thank you!)

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A Grand Grand List

Posted on February 8, 2022 | 2 comments

Westport’s Grand List is … grand.

Town Assessor Paul Friia has announced that 2021’s net Grand List of $11,100,020,664 represents an increase of approximately 2.4 percent from the previous year’s $10,830,370,714.

The Grand List is the sum of the net assessed value of all taxable property (real estate, motor vehicles and personal property). It will be used for fiscal year 2022-2023 town budget calculations.

Motor vehicles and personal property are valued annually, while real estate is updated based on the market values determined as of the town’s last revaluation date (October 1, 2020).

The 1.5% increase in real estate assessment results from “continued residential and commercial new construction, as well as renovation activity that occurred within the last assessment year.”

Construction on a new 32-unit condominium development at 41 Richmondville Road, completion of a 32-unit apartment complex at 1480 Post Road East, reconstruction of the Volvo dealership at 556 Post Road East and the building of approximately 80 new homes contributed to increases in the 2021 real estate Grand List.

The conversion of The Mill at 41 Richmondville Avenue into condominiums has boosted Westport’s Grand List.

Personal property increased slightly above 4 percent, suggesting a reinvestment in local new and existing businesses, Friia says.

Motor vehicles increased by 27 percent. That’s a result of increases in new and used car prices, and a 25% increase in new car purchases over 2020.

Real estate ($10,304,249,099) makes up 92.83% of the total. Motor vehicles ($464,302,240) and personal property ($331,469,325) account for the rest.

Friia also released a list of Westport’s Top 10 taxpayers. They are:

  • Connecticut Light & Power Inc. ($139,809,200)
  • 60 Nyala Farms Road LLC ($83,340,130)
  • Bedford Square Associates LLC ($53,321,200)
  • Equity One Westport Village Center ($33,126,100)
  • Aquarion ($29,464,050)
  • Byelas LLC ($24,856,700)
  • LCB Westport LLC (@24,532,860)
  • 1735 Ashley LLC ($20,312,760)
  • 285 & 325 Riverside LLC ($19,470,500)
  • Ronnie F. Heyman Trustee ($18,214,400),

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

 

 

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