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The Grand List is a sum of the net assessed value of all taxable property in the city, including real estate, motor vehicles and personal property. It is based on valuations as of Oct. 1, 2014. The growth in 2014 is a 0.78 percent increase over the 2013 Grand List total of $11,824,518,546.
These were the top 10 Norwalk taxpayers in 2014:
- Connecticut Light & Power: $350,349,854.
- Merritt 7 Venture LLC: $222,594,200.
- Thirty Five Glover Partners LLC: $69,008,830.
- Metropolitan Life Insurance Co: $65,992,100.
- Twenty-Five Glover Partners LLC: $61,698,460.
- Yankee Gas Co: $58,559,382.
- 45 Glover Partners LLC: $50,104,470.
- Avalonbay Communities Inc: $43,486,990.
- Norwalk Center LLC: $43,284,280.
- CP IV Waypointe BP I LLC: $42,400,990.
The list of top taxpayers changed slightly in 2014 due to property transfers, new construction, apportionments of real estate and changes in personal property inventories.
Connecticut Light & Power held on to the top spot. Merritt 7 Venture LLC, which owns several office buildings in the Merritt 7 complex, remained at number two on the list, and is the top real estate taxpayer in town. The Top 25 taxpayers make up account for 12.36 percent of the total Grand List assessments.
Real estate, personal property and motor vehicle assessments all increased modestly. Real estate makes up about 89 percent of the Grand List and saw the smallest increase, growing about 0.06 percent to $10,605,756,764.
Personal property makes up about 6.33 percent of the Grand List and grew 1.42 percent in 2014 to $758,978,090.
Motor vehicles make up about 5 percent of the Grand List and grew 1.88 percent to $621,379,538.
The 2014 real estate assessments were updated to reflect new construction and other changes in parcels since the October 1, 2013, revaluation. The assessments on the 2014 Grand List will be used to calculate property taxes for the 2015-16 fiscal year.
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