The total value of taxable property in New Canaan—including homes, commercial properties and motor vehicles—increased by about $43 million from 2019 to 2020, according to preliminary figures.
Given a mill rate of 18.164, the year-over-year increase in funds for the town from the taxable property would come to about $782,865. The Grand List’s $7.8 billion total reflects upticks in the total value of taxable real estate and personal property and motor vehicles. Here’s a table that details year-over-year growth:
2020 Grand List, Year-Over-Year*
| Type | 2019 Grand List* | 2020 Grand List** | Assessment +/- |
|---|---|---|---|
| Total Increase | $43,099,812 | ||
| Motor Vehicle | $265,769,421 | $275,848,325 | $10,078,904 |
| Personal Property | $90,517,585 | $94,135,770 | $3,618,185 |
| Real Estate | $7,377,652,637 | $7,436,743,690 | $29,402,723 |
*Signed and balanced 2019 Grand List figures.
**These numbers are not final until the Grand List is balanced and signed.
The Grand List measures the total value of taxable property on Oct. 1 of each calendar year.
Here’s a table showing the gross top-10 taxpayer accounts in New Canaan for real estate—click on each address for more assessor information:
Top-10 Taxpayer Accounts—New Canaan Grand List, 2020
| Real Estate | ||
|---|---|---|
| Owner | Address | Assessment |
| 1. M2 Partners LLC | 162 Park St. | $37,913,540 |
| 2. Town Close Associates Ltd Partner | 106 Lakeview Ave. | $26,020,890 |
| 3. Country Club of New Canaan | 95 Country Club Road | $20,582,170 |
| 4. New Canaan Lumber Co. | 208 and 212 Elm St.; nos. 45, 59 and vacant land on Grove Street; and 75 Pine St. | $17,491,880 |
| 5. CH Vitti Street Associates LLC | 72 East Ave. and 23 Vitti St. | $12,300,190 |
| 6. De Lom Partners LLC | 104 Dan's Highway | $11,892,020 |
| 7. Philip J. Toohey, trustee | 81 and 89 Canoe Hill Road; 90 Parade Hill Lane; 575 Silvermine Road; 70 Thrush Lane; and 388 Wahackme Road | $11,175,430 |
| 8. Kenneth G. Tropin, trustee | 260 West Road | $10,500,000 |
| 9. Edward Simon, trustee | 82 Brookwood Lane | $10,150,000 |
| 10. 721 North Wilton Road LLC | 721 North Wilton Road | $9,046,730 |
*Figures are not official until the Grand List is balanced and signed