West Hartford's New Grand List Grows Slightly: Town

Town of West Hartford

WEST HARTFORD, CT — The town's recently released grand list of taxable property shows that is has grown slightly, meaning added tax revenue due to new valuations will likely be minimal.

The Town of West Hartford’s Assessment Department finalized the 2024 Grand List of taxable and exempt property effective Oct. 1, 2024, per Connecticut General Statutes, on Jan. 31.

The 2024 Grand List reflects all changes in ownership and valuation for each property class.

The total net assessed value of all taxable property, before any West Hartford Board of Assessment Appeal actions, is $7,237,140,151 representing an increase in the net taxable list of $8,551,172 or 0.12 percent above last year’s list.

The real estate property list increased by $46,265,212 or 0.7 percent, which is a reflection of home improvement projects and some new developments.

Only a fraction of their full values contributed to the 2024 Grand List because of their incomplete state, wrote the town this week.

A staple of West Hartford's growth continues to be homeowner residential renovation projects, such as additions, finished attics, basements, and updated kitchens and baths.

The motor vehicle list decreased by $50,090,988 or -8.5 percent due to a major legislative change in the methodology of assessing motor vehicles in Connecticut.

Beginning with the Oct. 1, 2024 Grand List, the starting point for calculating a motor vehicle assessment is the manufacturer's suggested retail price, MSRP.

Included in the legislation is a codified 20-year depreciation schedule applied against the MSRP based upon the age of the vehicle up to 20 years old.

The supplemental motor vehicle list covers vehicles registered during the timeframe of Oct. 2 through July 31.

The 2023 net taxable supplemental list decreased by $343,679 or -0.4 percent for a total of $90,478,137.

This reduction was due to declining retail prices from 2022 to 2023.

Lastly, the personal property list increased by $12,376,948 or 5.2 percent to $249,644,1188.

"We continue to experience healthy investment in furniture, fixtures, and equipment which surpasses annual depreciation on existing assets," wrote the town.

The current census of businesses in West Hartford is 2,702.

“The 2024 Grand List reflects West Hartford’s solid economic foundation and exciting new investments in residential, commercial, and industrial sectors that extend well into the next several fiscal years,” said West Hartford Mayor Shari Cantor.

“While the new Motor Vehicle valuation change for all Connecticut municipalities is beyond our local control, West Hartford’s long-term stability remains strong as we continue to see significant growth in key areas that contribute to our overall prosperity.”

For more information on West Hartford's new grand list, including lists of top taxpayer sin town, click on this link