The total value of taxable property in New Canaan—including homes, commercial properties and motor vehicles—increased by $80.6 million from 2015 to 2016 according to preliminary figures, officials say.
The $8.3 billion total represents a year-over-year .98 percent increase, according to the New Canaan Assessor’s office, which compiles the town’s Grand List.
Here’s a table detailing year-over-year growth:
2016 Grand List, Year-Over-Year**
| Type | 2015 Grand List | 2016 Grand List | Assessment +/- |
|---|---|---|---|
| Total Increase | $80,660,112 | ||
| Motor Vehicle | $263,168,790 | $269,624,610 | $6,455,820 |
| Personal Property | $73,816,870 | $74,141,930 | $325,060 |
| Real Estate | $7,880,534,880 | $7,954,414,112 | $73,879,232 |
**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 related to the Grand List, 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, 2016**
| Real Estate | ||
|---|---|---|
| Owner | Address | Assessment |
| 1. Country Club of New Canaan | 95 Country Club Road | $28,490,770 |
| 2. Town Close Associates Ltd Partner | 106 Lakeview Ave. | $25,316,200 |
| 3. New Canaan Lumber Co. | Elm, Grove & Pine Streets | $16,453,220 |
| 4. Kathleen O. Tropin | 260 West Road | $15,760,850 |
| 5. J.R. Silverberg Realty LLC | Elm and Main Streets | $13,878,410 |
| 6. Edward Simon, trustee | 82 Brookwood Lane | $12,367,950 |
| 7. Forest Street Properties LLC | 21 Forest St. | $11,997,580 |
| 8. De Lom Partners LLC | 104 Dan's Highway | $11,882,010 |
| 9. 721 North Wilton Road LLC | 721 North Wilton Road | $10,183,810 |
| 9. Hatfield Mews T H O Corp. | 330 Elm St. | $9,574,040 |
** Figures are not official until the Grand List is balanced and signed
The Grand List is the denominator that finance officials use to set the tax rate—the higher it is, relative to the total revenue in the town budget, the lower that rate will be.
First Selectman Rob Mallozzi said the approximately 1 percent increase is positive for New Canaan, though it changes little as the town navigates a tight budget season and tries, as always, “to come in at the lowest responsible number.”
“We like to see growth in our Grand List,” Mallozzi told NewCanaanite.com. “When we do not see growth, it certainly would cause pause. We have a growing Grand List, which is a good thing and shows that we have a vital community and, quite frankly, a little bit of a growing community.”