Southington Grand List Practically Unchanged From Prior Year

SOUTHINGTON, CT — When the town drums up tax revenue this summer to fund its 2025-26 town/school budget, it will do so with a grand list that is, essentially, unchanged.

The Town of Southington recently released figures associated with its Oct. 1, 2024, grand list of taxable properties and it shows a tiny decrease in overall property values.

According to those numbers, Southington's list of real estate, personal property, and motor vehicle properties is $4.68 billion in value, down 0.1326 percent from a year ago.

According to a memo from assessor Teresa M. Babon to Southington Town Manager Alex Ricciardone, motor vehicle values dropped more than 10 percent.

That figure, coupled with a 6 percent increase in personal property and a 0.72 percent hike in the largest property component, real estate, resulted in a net decrease in valued property, according to the memo.

A flat grand list means that, essentially, no additional tax revenue can be expected to be recouped by the town due to the new property values.