October 20, 2014

Deep River Grand List of Taxable Property Totals $488 Million, up by 1.21 Percent

DEEP RIVER— Assessor Robin O’Loughlin has filed an October 2012 grand list of taxable property that totals $488,099,951, an increase of $5,842,067, or 1.21 percent, from the 2011 grand list total. The list shows increases in real estate and personal property, with a small drop in the motor vehicles assessment total.

The town’s 2,182 real estate accounts showed a net assessment total of $438,166,830, up by $3,397,540 from the previous year. The town’s 428 personal property accounts had a total of $16,917,571, up by $2,677,877 from 2011. The 4,795 motor vehicle accounts had a new net total of $33,015,550, down by $233,350 from the 2011 total.

The 1.21 percent increase was stronger than 2011, when the grand list increased by only 0.73 percent. The 2012 increases would generate about $144,000 in new tax revenue at the current tax rate of 24.68 mills.

First Selectman Richard Smith said he was pleased with the increased revenue, even as higher teacher salary costs are expected to lead to higher education spending this year. “It helps,” he said, adding “if it were flat then we would really be behind the eight ball.”
Smith said the increases in real estate and personal property reflect a handful of new homes, a new building at Brewer’s Deep River Marina, and the relocation of PCI Medical to the former Champion building on the north side of town. “It’s a good indicator that Deep River has a healthy business climate,” he said.

The town’s list of the top ten taxpayers was unchanged from 2011. The top ten taxpayeers and their 2012 assessments are as follows, 1– Connecticut Light & Power Co.- $5,176,987, 2- Brewer’s Deep River Marina Inc.- $4,443,901, 3–Silgan Plastics Corp.- $4,435,461, 4– Mislick Family Limited Partnership- $3,137,190, 5–Deep River Associates LLC- $2,605,680, 6–Thomas Boyd & K. Dernocoeur-$2,430,610, 7– 180 Main Street Partners LLC (Adams)-$2,277,450,8– Goodspeed Leasing Co. LLC–$2,145,010, 9– Jerome and Marlene Scharr–$1,923,180. and 10–Virginia B. Linburg–$1,881,950. The Scharr, Linburg and Boyd-Dernocoeur properties are all high value residential properties located near the Connecticut River.

Charles StannardCharles Stannard is a lifelong resident of Essex and a graduate of Valley Regional High School and the University of Connecticut at Storrs.  Charlie worked for the Middletown Press from 1979 to 1995, covering Haddam and Killingworth and later Middletown city hall and schools.  From 1997 through 2010 Charlie was a reporter for the Hartford Courant and has covered Chester, Deep River, Essex and Killingworth for the past decade.  Charlie lives in the Ivoryton section of Essex.  Contact Charles at stannardcharles@yahoo.com