Government
Grand List Increase at $137 Million; Top-10 Taxpayer Accounts
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The total value of taxable property in New Canaan—including homes, commercial properties and motor vehicles—increased by about $137 million from 2020 to 2021, according to preliminary figures.
Given the last budget cycle’s mill rate of 18.164, the year-over-year increase in funds for the town from the taxable property would come to about $2.5 million—though the Grand List won’t be finalized until after the Board of Assessment Appeals process, and officials say the mill rate is expected to rise, changing the final figure. The Grand List’s $7.94 billion total reflects upticks in the total value of taxable real estate and personal property and motor vehicles. (See page 58 here for details of last year’s balanced Grand List.)
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:
The Grand List information comes as the Board of Selectmen this week approved a budget of about $164.6 million for next fiscal year, an increase of 6.5% over current spending.