Litchfield News
HOME | NEWS | SPORTS | OPINION | THINGS TO DO | ARTS | HOME & FAMILY | SCHOOLS | BUSINESS | COMMUNITY | TOWN INFO |

Litchfield's new grand list shows only a slight increase
Litchfield.bz (03-01-13)


Litchfield's new grand list of taxable property for 2012 is out and it won't give the Board of Finance much help in reducing the tax burden on residents.
 
The grand list of $1,110,419,110 carries an increase in personal property, real estate and motor vehicle values of just .14 percent. Assessor Kathy Brown released the new grand list recently.
 
The increase over the 2011 grand list of $1,108,939,959 is $1,479,151. The grand list includes values for personal property, motor vehicles and real estate as of Oct. 1, 2012.
 
Personal property values under the new grand list are $30,322,880, an increase of $1,578,121, or 5.5 percent. Real estate values are $1,008,454,400, an increase of $321,930, or .03 percent. Motor vehicle values are $71,641,830, a decrease of .58 percent, or $420,900.
 
The grand list is used by the Board of Finance to determine the tax rate after a municipal budget is approved in the spring. Without much of an increase in the grand list, taxpayers likely won't see any tax relief.
 
The top 10 taxpayers and the value of their property are: Connecticut Light & Power ($10,296,240); the White Memorial Foundation ($6,504,270); City of Waterbury for its reservoir land ($6,185,200); Brandywine assisted living on Constitution Way ($5,268,730); CA Litchfield Land LLC, which owns a housing development on Old Mount Tom Road ($3,963,170); Federal Square Realty, which owns Village Green on West Street ($3,428,980); Aquarion Water Co. ($3,317,470); Arethusa Farm LLC ($3,241,210); George Malkemus and Anthony Yurgaitis, owners of Arethusa Farm ($3,211,200); and Union Savings Bank ($2,585,070).