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Westport's Grand List Grows To $10.8 Billion

Westport First Selectman Jim Marpe
Westport First Selectman Jim Marpe Photo Credit: Contributed
Westport's 2015 Grand List has been revealed.
Westport's 2015 Grand List has been revealed. Photo Credit: File

WESTPORT, Conn. -- The 2015 Grand List in Westport came in at $10.8 billion, an increase of 7.8 percent compared with the 2014 Grand List, town officials said.

The Grand List is the sum of the net assessed value of all taxable property — real estate, motor vehicles, and personal property — in town. The 2015 Grand List's total was $10,876,602,613, compared with $10,092,436,351 for 2014, Westport Assessor Paul Friia announced.

Commercial values increased 10 percent and residential values increased 7.5 percent.

The combined increase in the real estate categories was 8.3 percent, 1 percent of which was due to building permit activity.

Changes in the real estate assessment totals are a result of the recent completion of the town’s revaluation process, Friia said. "The increase indicates the continued strength of the Westport real estate market."

As a percentage of the real estate Grand List, residential property make up 87.4 percent and commercial properties are 12.6 percent. There was no significant shift between these two categories.

The following are the top 10 taxpayers in Westport according to the 2015 Grand List Assessment:

  • Connecticut Light & Power Inc., Property: $135,413,783 60
  • Nyala Farms Road, Real Estate: $89,277,600
  • Equity One Westport VIll Center, Real Estate: $35,051,200
  • Bylas Real Estate: $24,424,500
  • Campana 125, Real Estate: $20,767,800
  • 285 & 355 Riverside, Real Estate: $20,177,600
  • SL Greens Farms Road, Real Estate: $19,937,500
  • Ronnie F. Heyman, Trustee, Real Estate: $19,508,800
  • Bridgewater Associates Inc., Property: $19,126,450
  • Marc & Cathy Lasry, Real Estate: $17,470,300

The grand list will be used to calculate the mill rate for fiscal year 2016-17 in May after the town’s budget review process.

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