Kleen Energy Systems, LLC

Middletown Grand List Decreases Slightly

The 2012 grand list of taxable value decreased by about two-tenths of a percent, a loss of about $9 million in the overall value of real estate, motor vehicles and personal property.

Assessor Damon Braasch said at the current tax rate, the city would collect about $250,000 less in taxes in the next fiscal year than in the current fiscal year.

"In real estate we had a slight increase, but both motor vehicles and personal property went down," Braasch said.

Values for motor vehicles and personal property, including computer equipment, often depreciate quickly, he said. The city also had a decline in the total number of registered vehicles.

The more than...