Monroe Property Values Rise By Nearly $50M, Officials Say

MONROE, CT —The total value of taxable property in Monroe increased by nearly $50 million over the past year, according to the town's 2025 annual report.

The town's grand list — the combined value of all taxable property including homes, land, vehicles and business equipment, grew by $49.9 million, rising from about $3.27 billion to $3.32 billion, town officials said.

The grand list is a key financial measure for municipalities because it determines how much revenue a town can generate through property taxes.

Officials said the increase in Monroe's grand list is expected to generate roughly $1.5 million in additional tax revenue.

Growth in the grand list can reflect factors such as rising property values, new construction or business investment in the community.

The town also secured about $597,000 in grant funding during the year and continues to pursue additional grants to offset costs for taxpayers.