Westport Grand List Increases By One Percent

The net 2011 Grand List of $9,655,275,688 represents a total increase of approximately 1 percent from the net 2010 Grand List of $9,553,989,667, Friia said in the news release.

The list is the sum of the 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 revaluation date of Oct.1, 2010.

Increases in the grand list were in all categories to include real estate, personal property and motor vehicles. The real estate increase resulted from consecutive increases in new construction and home renovations permits over the past two years.

Personal Property had a 1 percent increase in assessments as well as in the number of accounts, indicating an increase in commercial activity.  The motor vehicle grand list gained 6 percent, indicating an increase in the purchasing of new vehicles.

The current 2011 Grand List totals are as follows: 

Assessment

2011

% of List

Real Estate

9,081,585,510.

94.05

Personal Property

257,481,363.

2.67

Motor Vehicle

316,208,815.

3.28

TOTAL

9,655,275,688.

100%

The Grand List will be used for fiscal year 2012-2013 town budget calculations. The above figures are subject to change pending the outcome of Board of Assessment Appeals hearings in March.

The following are the top 10 taxpayers in Westport:

Top 10 Taxpayer – 2011 GL                                                 Assessment

Connecticut Light & Power Inc             Personal Property                     117,338,760

Nyala Farms Inc                                   60 Nyala Farms Rd                    78,272,660

Marc & Cathy Lasry                            Residential                                  22,601,600

Riverside Office 285 & 355 LLC          285 & 355 Riverside Ave           21,990,600

Heyman Ronnie F & Samuel J Est         Residential                                  19,994,700

Roseville Estates Inc                             1177 Post Rd E                          19,832,540

Allianz Life Insurance Company            55 Greens Farms Rd                  19,075,500

125 Main St Assoc. LLC                     125 Main Street                         17,958,400

Bridgewater Associates Inc.                  1 Glendinning Pl.                         17,950,170

Byelas Irving Irrevocable Trust 1790 Post Rd E                          17,112,200