For the first time in memory, Fairfield's list of taxable properties declined last year.

The 2010 grand list, which includes real estate, motor vehicles and personal property, stands at $10.8 billion, a $1.19 billion decrease from the 2009 figure of $12 billion, according to figures released Monday by Assessor Thomas F. Browne Jr.

He said the decline was primarily a reflection of lower property values set by the recent townwide revaluation. Overall real estate decreased by $1.2 billion from 2009, although commercial and industrial properties saw assessments increase. Residential real estate totaled $9 billion on the 2010 list, compared to $10.2 billion a year earlier.

Commercial properties total $1.048 billion and industrial properties are at $104 million.

"Land is scarce in this town," Browne said, referring to commercial and industrial values. "It's the land value that's carrying the premium, not the buildings."

Browne said that over the course of his 37 years with the town, he does not recall a year when Fairfield's list of all taxable properties has dropped.

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Assessments for the 10 largest taxpayers on Fairfield's 2010 grand list: General Electric, corporate headquarters, $70,194,895 Connecticut Light & Power Co., public utility, $61,522,67 Kleban Holding Co., real estate developer, $60,861,029 Alfred Lenoci, real estate developer, $56,870,249 Aquarion Water Co., water utility, $54,307,518 Roberts Properties, real estate developer, $24,827,294 Bradley and Karin Jack, residential homeowners, $24,458,250 Robert Scinto, real estate developer $23,042,630 Trust Realty, real estate developer, $20,436,920 United Illuminating Co,.public utility, $17,574,110

A key factor in the grand list, said Fiscal Officer Paul Hiller, is that there is a "shifting of the burden" from homeowners to commercial and industrial real estate. In 2009, commercial and industrial property accounted for 9.17 percent of the grand list, but in 2010 that number is 10.61 percent.

The largest addition to the grand list is the new clubhouse at the Patterson Club on Cross Highway, Hiller and Browne said, with an assessment of about $13 million.

Overall value of motor vehicles increased, Browne said, with the number of vehicles, including cars, trucks, trailers, motorcycles and recreational vehicles, rising by 342. He said new vehicle purchase incentive programs contributed to that increase. Motor vehicle assessments in 2010 totalled $447 million, an increase of $20 million.

Among the town's top-10 taxpayers, General Electric continues to hold the top spot, while Southport Green Acquisition dropped off the list. "A lot of the residences have been sold," Browne said of that development, "so that came off the list."

Homeowners Bradley and Karin Jack, the only residential homeowners in the top 10, saw their assessment increase from $23.3 million to $24.4 million. Their property on Sasco Hill Road is appraised at $34.6 million and the main house -- one of five buildings on 20 acres -- has 13,655 square feet of living space.

Personal property on the grand list also decreased from $237 million in 2009 to $234 million on the 2010 list.

Hiller said the grand list number is "slightly less" than was anticipated when he and Flatto were putting together the budget proposal for 2011-12.

ASSESSMENTS FOR THE 10 LARGEST TAXPAYERS ON FAIRFIELD'S 2010 GRAND LIST:

General Electric, corporate headquarters, $70,194,895

Connecticut Light & Power Co., public utility, $61,522,67

Kleban Holding Co., real estate developer, $60,861,029

Alfred Lenoci, real estate developer, $56,870,249

Aquarion Water Co., water utility, $54,307,518

Roberts Properties, real estate developer, $24,827,294

Bradley and Karin Jack, residential homeowners, $24,458,250

Robert Scinto, real estate developer $23,042,630

Trust Realty, real estate developer, $20,436,920

United Illuminating Co,.public utility, $17,574,110