This year's Grand List has a total value of $3.74 billion. This is down by $11.3M from last year, a drop of about one third of one percent.
Many had feared a much bigger drop, as this is the first assessment since the demolition of the Aetna Headquarters building. Damon Braasch, city tax assessor, said, "If it wasn't for the loss of [the Aetna] building, we would have had a $60M increase."
There was significant growth in the aggregate assessment of property other than real estate, including motor vehicles. Braasch said, “We had very good growth in personal property due in large part to a new substation at Kleen Energy that is owned by Connecticut Light & Power, as well as increases at Pratt & Whitney and Aetna’s Data Center.”
The biggest loser in the Grand List is the Westfield Fire District, which had a total reduction of nearly 5%.
The top 10 taxpayers were responsible for about 16% of the total grand list, they are listed in the table below. Aetna retains a large presence in the city because of its Data Processing Center.
1) Aetna Life (Including lessor’s) | Insurance | 197,964,550 |
2) United Technologies | Manufacturing | 147,680,500 |
3) Connecticut Light & Power | Utility | 71,608,540 |
4) Middletown Power LLC | Utility | 45,949,710 |
5) Kleen Energy Systems LLC | Utility | 44,997,740 |
6) Northwood Apt Assoc LLC | Apartments | 23,616,520 |
7) Chestnut Hill Apt Assoc LLC | Apartments | 21,769,240 |
8) Fairfield Midtown Brook LP | Apartments | 21,514,130 |
9) Fairfield Midtown Ridge LP | Apartments | 21,365,165 |
10) New Boston Windshire | Apartments | 17,959,480 |
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