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Fairfield's grand list inches up 0.4% in 2013

Updated 6:11 am, Wednesday, February 12, 2014

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  • General Electric's corporate headquarters tops the list of the town's top ten taxpayers. Photo: File Photo / Fairfield Citizen

    General Electric's corporate headquarters tops the list of the town's top ten taxpayers.

    Photo: File Photo

 

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FAIRFIELD TOP-10 TAXPAYERS
General Electric Co., corporate headquarters, $74,662,100
Kleban Holding Co., real estate developer, $72,991,609
CL&P, utility, $59,801,270
Alfred Lenoci, real estate developer, $55,523,743
United Illuminating Co., utility, $32,158,210
Roberts Properties, real estate developer, $25,747,575
Robert Scinto, real estate developer, $23,255,820
Bradley and Karin Jack, residential property, $23,205,510
Trust Realty, real estate developer, $21,964,850
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The town's grand list of all taxable properties for 2013 grew by 0.41 percent to $10.9 billion according to Assessor Don Ross.

"It's about what I expected," Ross said, noting that real estate grew despite the continuing reconstruction of many homes in the shoreline neighborhoods that were damaged by Superstorm Sandy.

The 2012 grand list was $10.88 billion, which had increased 0.29 percent over the preceding year.

Ross said about 50 demolition permits were issued in the beach area last year, and when a structure is demolished, its assessed value is removed from the grand list. Those demolished structures were equal to about $3.9 million in total assessed value, Ross said.

"A lot of them were still under construction," he said, so their replacements weren't included in the 2013 grand list's residential property values. "In some cases, the rebuilt houses will be worth more."

Real estate values increased $24.1 million over 2012, or 0.24 percent, mainly as the result of the completion of a variety of new commercial and residential buildings, additions and alterations.

Ross said new commercial construction, while adding to the grand list, wasn't a huge part of the increase. He said the office building at the corner of the Post Road and Sasco Hill was not completed in time for the 2013 list, and the former downtown Post Office building was, for the most part, razed and so that has come off the grand list until it is reconstructed as a multi-tenant commercial building.

There are few large undeveloped commercial properties in town that could make a large impact on the grand list in the future, Ross acknowledged. Two that could add significant value to the tax rolls if and when they are developed would be the privately owned share of the Metro Center property next to the Fairfield Metro train station and the former Exide property on the Post Road.

The largest increase in the 2013 grant list was charted in personal property taxes for furniture, fixtures, machinery and equipment owned by commercial enterprises in town. That category grew by $9.9 million, or 3.80 percent.

"There's a lot of openings of small businesses," Ross said, and equipment acquisitions by General Electric, Southern Connecticut Gas and United Illuminated also helped fuel the increase.

FAIRFIELD TOP-10 TAXPAYERS

General Electric Co., corporate headquarters, $74,662,100

Kleban Holding Co., real estate developer, $72,991,609

CL&P, utility, $59,801,270

Alfred Lenoci, real estate developer, $55,523,743

United Illuminating Co., utility, $32,158,210

Roberts Properties, real estate developer, $25,747,575

Robert Scinto, real estate developer, $23,255,820

Bradley and Karin Jack, residential property, $23,205,510

Trust Realty, real estate developer, $21,964,850