Monroe grand list edges upward during pandemic

Monroe Town Hall Offices at 7 Fan Hill Road in Monroe, Conn. on Monday May 13, 2013.

Monroe Town Hall Offices at 7 Fan Hill Road in Monroe, Conn. on Monday May 13, 2013.

Cathy Zuraw / Cathy Zuraw

MONROE — The town’s grand list increased slightly over the previous year offering some positive economic news as officials prepare the 2021-22 fiscal year budget.

The net grand list sits at $2,242,728,056 in total assessments, which is 70 percent of market value. The total is an increase of about $17.7 million from 2019, according to a preliminary grand list report completed by Assessor Justin Feldman and submitted to the first selectmen’s office earlier this month.

This year’s grand list increase is the second in two years; the percentage jumped nearly $37 million from 2018 to 2019.

“The grand list increase was in the ballpark of expectations, given the pandemic and the fact that many of the new development projects are still in their earlier stages,” said First Selectman Ken Kellogg. “That said, I am very encouraged by the interest that we have seen recently for new projects.”

More than 85 percent of the grand list is comprised of real estate, which lists at $1.96 million. Personal property increased $6.8 million, rising to nearly $121 million. Motor vehicle assessments were at $182.9 million, rising about $10.7 million from 2019.

The assessor’s release also included the total assessments for the town’s top taxpayers for the 2020 grand list, led by Firstlight CT Housatonic LLC at about $29 million; Connecticut Light and Power Co. at slightly more than $27 million; Aquarion Water Co. of Connecticut at $14.5 million and One Eleven Century Plaza LLC at $8.7 million.

brian.gioiele@hearstmediact.com

Combined Top 10 Taxpayer

Firstlight CT Housatonic LLC

$29,032,780

Conn Light + Power Co

$27,142,780

Aquarion Water Co Of Connecticut

$14,546,520

One Eleven Century Plaza LLC

$8,710,400

Swiss Army Land Inc

$8,440,600

Maril LLC

$6,263,300

Lake Zoar Properties LLC

$6,158,970

Nbc Universal Media LLC DBA Olympics

$5,659,070

Clocktower Square #1 LLC

$5,625,140

Yankee Gas Services Co (AU71)

$4,903,880

Total

$116,483,440