ESSEX — The grand list of taxable property remained flat in 2015, showing only a slight 0.38 percent increase that was nearly identical to a similar tiny rise in 2014. Assessor Jessica Sypher has filed an October 2015 grand list that totals $1,040,877,591, a net increase of $3,950,411, or 0.38 percent, from the 2014 grand list total.
Sypher said a small decrease in the real estate assessment total was offset by modest increases in the assessment totals for personal property and motor vehicles. The $3,950,411 increase would generate about $83,000 in new tax revenue at the current property tax rate of 21.08 mills. The 0.38 percent increase for 2015 was nearly identical to the slight 0.36 percent rise in the 2014 grand list.
The net assessment total for real estate was $942,723,310, representing a decrease of $523,140 from the 2014 real estate assessment total. Sypher said nearly all of the decrease resulted from a property owner’s decision to combine two building lots in the high value Foxboro Point subdivision on the Connecticut River.
The net assessment total for motor vehicles was $63,713,960, representing an increase of $832,790 from the 2014 real estate total. The net assessment total for personal property was $34,440,321, representing an increase of $3,640,761 from the 2014 personal property total. Sypher said nearly all of the increase resulted from the new Southern Connecticut Gas Company natural gas line that was installed in sections of town last year.
The town’s top ten taxpayers showed one change from recent years. Solid waste hauler All Waste Inc. edged local businessman Herbert Clark III, who owns various residential, commercial and industrial properties. Following are the top ten taxpayers with current assessment totals:
- Essex Meadows Inc. — $22,875,400
- Lee Company — $15,633,120
- Connecticut Light & Power — $7,185,030
- SKR Partners LLC — $4,315,000
- All Waste Inc. — $4,147,560
- River Properties Inc. — $3,624,190
- Griswold Inn LLC — $3,377,680
- Stephen R. Cline Successor Trustee — $3,322,800
- Essex Savings Bank — $3,305,820
- MacBeth Ventures LLC — $2,759,500