2019 Westport Grand List Rises By More Than 1 Percent

From the Town of Westport: WESTPORT, CT — Town Assessor Paul Friia announced today that he signed the October 1, 2019 Grand List as required by state statute.

The net 2019 Grand List of $11,445,273,580 represents a total increase of approximately 1.17 percent from the net 2018 Grand List of $11,311,830,644. The list is the sum of the net assessed value of all taxable property – real estate, motor vehicles, and personal property.

Motor vehicles and personal property are valued annually, while real estate is updated based on the market values determined as of the town’s last revaluation date of October 1, 2015. Currently, we have begun work on the October 1, 2020 revaluation.

Increases in the Grand List were in all three categories to include real estate, motor vehicles and personal property. The 1.11 percent increase in real estate assessment totals is a result of continued residential and commercial new construction as well as renovation activity that occurred within the last assessment year. New apartment/retail developments located at 793 Post Road East and 201 Main Street along with the new assisted living facility at 1141 Post Road East and the new development at 500 Main Street were significant projects that lead the increases in the 2019 Grand List. While Personal Property increased 1.75 percent, Motor Vehicles had a 2.6 percent increase. Both of these increases indicate business investment and the ongoing purchasing of new vehicles. Overall, this year’s increase was higher than last year and indicate Westport remains a community of great interest to businesses and new residents.

Image via Town of Westport

The Grand List will be used for fiscal year 2020-2021 town budget calculations. The above figures are subject to change based on the outcome of the Board of Assessment Appeal hearings in March and further changes due to corrections or pending lawsuits.

Image via Town of Westport