Town sees slight increase in grand list for 2016
Published 1:48 pm, Friday, February 17, 2017
FAIRFIELD — Growth in the town’s 2016 grand list of taxable property was minimal, but First Selectman Mike Tetreau said it is headed in the right direction.
The grand list for 2016 is $10,857,896,614, an increase of $76,463,374, or 0.71 percent. The net 2015 grand list was $10,781,433,240. The 2016 number is subject to change by the Board of Assessment Appeals.
“It was down 2 percent following the revaluation,” Tetreau said, “so it’s moving in the right direction, and we’re seeing a lot of commercial activity to move it in the right direction.”
Top 10 taxpayers’ property assessments
1. Kleban and Regency — Kleban Properties LLC, real estate investors and managers, $75,552,919
2. General Electric, corporate headquarters, $68,855,420
3. Connecticut Light & Power, public utility, $56,723,880
4. Aquarion Water Co., water utility, $54,659,490
5. Alfred Lenoci and associated partners, real estate developers, $54,190,930
6. United Illuminating, public utility, $45,750,540
7. Southern Connecticut Gas Co., gas utility, $28,500,510
8. Roberts Real Estate and associated partners, real estate developers, $25,529,859
9. Robert Scinto and associated partners, real estate developers, $23,245,140
10, Bradley and Karin Jack, residential homeowners, $21,877,750
Tetreau cited the mixed use building under construction on Commerce Drive, and the new Orthopedic Specialty Group medical building across the street that recently opened. He said the Exide property should soon be ready for development in another year.
An assisted-living facility is under construction behind the Carolton Convalescent Home and another has been approved for Mill Hill Road.
“Fairfield’s local economic climate is thriving,” Tetreau said.
The sale of the former General Electric headquarters on Easton Turnpike to Sacred Heart University won’t be reflected in the grand list until next year. For now, it holds the No. 2 spot on the list of the town’s largest taxpayers.
Real estate increased $66,058,766, or 0.66 percent, over 2015, to $10,039,679,276. On the 2015 grand list real estate accounted for $9,973,620,570.
The motor vehicle list stands at $521,062,628, a $320,848 increase over the 2015 total of $520,741,780.
There was a large increase in personal property, which Deputy Assessor Ken Cavell III attributed primarily to equipment acquisition by CL&P and United Illuminating, as well as small business equipment acquisition.
Personal property includes furniture, fixtures, machinery and equipment owned by commercial establishments.
The personal property increased $410,083,760, or 3.51 percent, from $287,070,950 in 2015 to $297,154,710 in 2016.