Westport's Grand List Inches Up in 2016

WESTPORT, CT — The town's net 2016 Grand List was $11,024,518,484, an increase of approximately 1.36 percent from the net 2015 Grand List of $10,876,602,613, according to a new report released by Westport Town Assessor Paul Friia Thursday.

The Grand List is the sum of the net assessed value of all taxable property in town – real estate, motor vehicles, and personal property (business machines, etc.).

Motor vehicles and personal property are valued annually, while real estate is updated based on the market values determined as of the town’s revaluation date of Oct.1, 2015.

All three categories of the Grand List - real estate, motor vehicles and personal property - saw increases for 2016.

The 1.29 percent increase in real estate assessment totals is "a result of continued residential and commercial new construction and renovation activity that occurred within the past assessment year," according to Friia.

Motor vehicle had a 3 percent increase in assessment totals and personal property had a 2.2 percent increase in assessment totals. A review of the Personal Property Grand List indicated that public utility company accounts added just over $2,900,000 in assessment and new personal property accounts added approximately $9,000,000 in assessment. These increases along with increases in other accounts more than offset any reductions from annual depreciation or business closings.

"This is very good news for Westport taxpayers and reflects the ongoing vibrancy and attractiveness of our community," said First Selectman Jim Marpe in a statement. "It also reinforces the need to invest in our public amenities such as the public schools, Compo Beach, Longshore Club Park, the Library, open space and the many other 'crown jewels' that make Westport the community of choice for our current and future residents and businesses."

The Grand List will be used for fiscal year 2017-2018 town budget calculations. The above figures are subject to change based on the outcome of the Board of Assessment Appeals hearings in March and further changes due to corrections or pending lawsuits.

Westport's Top 10 Taxpayers:

Connecticut Light & Power Inc Pers. Property 136,098,970

60 Nyala Farms Road LLC Real Estate 89,277,600

Equity One Westport Vill. Center Real Estate 35,051,200

Bedford Square Assoc LLC Real Estate 26,964,700

Byelas LLC Real Estate 24,424,500

Campana 125 LLC Real Estate 20,767,800

285 & 325 Riverside LLC Real Estate 20,177,600

SL Greens Farms Rd LLC Real Estate 19,937,500

Heyman Ronnie F Trustee Real Estate 19,508,800

Bridgewater Associates Inc. Pers. Property 17,712,920

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