Jul 29, 2014
64°
Mostly Cloudy

West Hartford Grand List Shows Minimal Increase

Real estate list increased by .29 percent, but both the motor vehicle and personal property lists decreased in value between 2011 and 2012.

West Hartford Grand List Shows Minimal Increase

The 2012 Grand List, which reflects all changes in ownership and valuation of taxable and exempt properties, showed minimal growth between 2011 and 2012.

A memo written by Director of Assessment Joseph Dakers to Town Manager Ron Van Winkle last week reported that West Hartford's total Grand List for 2012 is valued at $5,893,896,106, an increase of $13,564,933 or .23 percent.

The real estate portion of the Grand List grew by .29 percent, by $15,534,255. However, both motor vehicle and personal property values dropped in 2012.

Motor vehicle values dropped by $6,503,692 (1.6 percent), due to the return of double digit depreciation, according to Dakers. Personal property values dropped by 2.8 percent, or $4,534,370.

Blue Back Square, Westfarms Mall, and CL&P led the list of top 10 taxpayers, followed by Corbins Corner, Town Center West Associates, and Sisters of Mercy.

The Grand List is just one component of the town's budget – the first step in the process of determining the mill rate.

The current mill rate for 2012-2013 is 35.75.

Don’t miss updates from Patch!