|Follow Your Town News On The Courant's West Hartford Facebook Page|
By JULIE STAGIS, email@example.com
The Hartford Courant
1:45 PM EST, February 1, 2013
WEST HARTFORD —
The 2012 grand list of taxable property shows an increase of 0.23 percent, or $13.56 million, over the 2011 list for a total of $5.89 billion.
The assessed value of personal property in town increased the most - $4.53 million, or 2.8 percent, for a total of $168.33 million, according to a memo from Director of Assessments Joseph Dakers Sr. to Town Manager Ronald Van Winkle.
"This reflects new capital investment in business furniture, fixtures, equipment and utility company cables and conduit," Dakers wrote.
The value of real estate in town grew by $15.53 million, or 0.29 percent for a total assessed value of $5.32 million, according to the memo. Most of the increase is thanks to new construction, and two tax exempt properties being reclassified as taxable, Dakers said in the memo.
The motor vehicle list showed a 1.6 percent decrease over last year, dropping by $6.5 million to $402.21 million. The drop was caused by "the return of double digit depreciation," Dakers wrote.
The 10 highest taxpayers in town, and their assessed values, are: Blue Back Square LLC, $84.23 million; West Farms Mall, $37.8 million; Connecticut Light & Power, $33.93 million; FW CT – Corbins Corner, $33.48 million; Town Center West Associates, $24.93 million; Sisters of Mercy of Connecticut Inc., $16.85 million; Lexham West Hartford LLC, $14.83 million; Prospect Plaza Improvements LLC, $13.99 million; Westgate Apartments LLC, $13.24 million and Outlet Broadcasting Inc., $11.84 million.
Copyright © 2014, The Hartford Courant