10.8 Billion Dollar 2020 Grand List Announced; Down 5.4% from 2019

Town Assessor Paul Friia announced today that he signed the October 1, 2020 Grand List as required by state statute.

The net 2020 Grand List of $10,830,370,714 represents a decrease of approximately 5.4 percent from the net 2019 Grand List of $11,445,273,580 and was due mostly to the recently completed revaluation of October 1, 2020.  The Grand List is the sum of the net assessed value of all taxable property – real estate, motor vehicles, and personal property.

While the overall Real Estate Grand List declined from the 2015 assessments, the actual percentage of change without the revaluation influence was an increase of just under 1.0 percent.  This increase is a result of continued new residential and commercial construction as well as renovation activity that occurred within the last assessment year. Work was completed on the new assisted living facility at 1141 Post Road East and the gas station at 1830 Post Road East, while work continues on the condominium development at 500 Main Street and residential units at 41 Richmondville Road. Westport remains a community of great interest to businesses and new residents as evidenced in the significant increase in sales since the beginning of 2020. 

While real estate is updated based on the market values determined every five years, motor vehicles and personal property is valued annually.  The increase in the Motor Vehicle Grand List was approximately 3.9%.  The Personal Property Grand List remained largely unchanged from last year, due to both the closure of businesses and a slowdown of new business openings resulting from the COVID-19 pandemic. 

Totals:

• Real Estate: $10,148,497,205 (93.70%)

• Motor Vehicle: $364,441,700 (3.37%)

• Personal Property: $317,431,809 (2.93%)

• TOTAL: $10,830,370,714 (100%)

Top 10 Taxpayers 2020:

1. Connecticut Light & Power Inc. : Pers. Property  ($140,509,070)

2. 60 Nyala Farms Road LLC: Real Estate ($83,338,970)

3. Bedford Square Assoc LLC: Real Estate ($53,321,200)

4. Equity One Westport Vill. Center: Real Estate ($ 33,126,100)

5. Byelas LLC: Real Estate ($24,856,700)

6. Aquarion: Real/Pers. Prop. ($24,148,760)

7. LCB Westport LLC: Real/Pers. Prop. ($22,302,600)

8. 1735 Ashley LLC: Real Estate  ($20,310,860)

9. 285 & 325 Riverside LLC: Real Estate ($19,470,500)

10. Ronnie F Heyman Trustee: Real Estate  ($ 18,214,400)