div#HW div,div#HW span,div#HW object,div#HW iframe,div#HW h1,div#HW h2,div#HW h3,div#HW h4,div#HW h5,div#HW h6,div#HW p,div#HW blockquote,div#HW pre,div#HW a,div#HW abbr,div#HW acronym,div#HW address,div#HW big,div#HW cite,div#HW code,div#HW del,div#HW dfn,div#HW em,div#HW font,div#HW img,div#HW ins,div#HW kbd,div#HW q,div#HW s,div#HW samp,div#HW small,div#HW strike,div#HW strong,div#HW sub,div#HW sup,div#HW tt,div#HW var,div#HW dl,div#HW dt,div#HW dd,div#HW ol,div#HW ul,div#HW li,div#HW fieldset,div#HW form,div#HW label,div#HW legend,div#HW table,div#HW caption,div#HW tbody,div#HW tfoot,div#HW thead,div#HW tr,div#HW th,div#HW td {margin:0;padding:0;border:0;outline:0;font-weight:inherit;font-style:inherit;font-size:100%;font-family:Verdana, Arial, Helvetica, sans-serif;vertical-align:baseline;} div#HW :focus {outline:0;} div#HW ol,div#HW ul {list-style:none;} div#HW table {border-collapse:collapse;border-spacing:0;} div#HW caption,div#HW th,div#HW td {text-align:left;font-weight:normal;} div#HW {width:280px;height:100px;overflow:hidden;background:#fff;font-family:Verdana, Arial, Helvetica, sans-serif ; border: 1px solid;} div#HW div.wrapper {padding:5px 0 0 3px;} div#HW div.town {text-align:left;font-size:11px;font-weight:bold;margin-bottom:0px;color:#40587e;} div#HW div.curwx {float:left;width:120px;margin-left:10px;font-size:9px;} div#HW div.curwx h3 {font-size:10px;font-weight:bold;margin-bottom:3px;color:#40587e;} div#HW div.curwx div {float:left;width:36px;} div#HW div.curwx div.r {width:49px;} div#HW div.curwx div.extras {clear:both; width:85px; padding-top:2px;} div#HW div.curwx p.temp {font-size:14px;margin-bottom:2px;} div#HW div.curwx img {margin-top:2px;width:34px;height:37px;} div#HW div.curwx span.label {padding-right:1px;font-weight:bold;} div#HW div.curwx span.wx {font-weight:bold;font-size:10px;} div#HW div.fcstwx {float:left;width:133px;font-size:9px; padding-top:9px;} div#HW div.fcstwx div.col {float:left;width:36px;font-size:9px;} div#HW div.fcstwx div.colimg {float:left;width:27px;font-size:9px;padding-left:2px;} div#HW div.fcstwx div.col p {height:37px;} div#HW div.fcstwx div.col span.day {font-size:11px;font-weight:bold;} div#HW div.fcstwx div.col span.sep {padding:0 1px;} div#HW div.fcstwx img {width:26px;height:27px; margin-right:2px;}
Login  /  Register  | 3 premium articles left before you must register.

Westbrook’s Grand List Up 1.4 percent

Published 02/12/2014 12:00 AM
Updated 02/11/2014 04:36 PM

By Becky Coffey
Harbor News

WESTBROOK - In Westbrook, the overall value of the 2013 Grand List of Taxable Property was up by 1.14 percent over the 2012 list's values. The 2013 net total of assessed values is $1,147,337,593 compared to the 2012 list total of $1,134,397,564.

When a town's grand list rises, the incremental addition of new values to the tax base can reduce slightly the size of any mill rate increase a proposed new budget might otherwise demand.

Unlike the situation in Old Saybrook, Westbrook's residents did not face a property revaluation. But like Old Saybrook, two of Westbrook's Grand List components, the motor vehicle and personal property values, logged increases. The motor vehicle values were up $1.29 million or 2.46 percent. Personal property values were up nearly 10 percent or up $3.27 million.

There were two real estate trends that pushed the overall Westbrook Grand List higher. First was the decision by some homeowners in shoreline neighborhoods to tear down old homes and replace them with new higher-value ones that meet FEMA flood standards. Residential real estate values in the list as a result are up by $5.76 million or 0.67 percent compared to 2012.

New apartment construction is another trend. Apartment values in the Grand List were up by 6.20 percent compared to 2012.

Last, another trend that nudged the Real Estate Grand List higher was the ongoing construction of new industrial buildings in town.

On Oct. 1 of each year, Assessor Pam Fogarty visits the town's major construction sites to determine their percentage completion. That percentage then is applied to the project's total value in order to enter the property's new assessed value in the town's Grand List. So when she visited the Middlesex Clinic project on Oct. 1, 2013, the facility was deemed to be 65 percent complete. Similarly, Lee Company's new Building 3H on the Pettipaug campus was found to be 25 percent complete. The partial values for each project was then reflected in the 2013 Grand List.

Once the projects are done (i.e., they have a Certificate of Occupancy), their full new value is entered into the town's Grand List of taxable property.

"This year will be a busy construction year town-wide," said Fogarty.

Top 10 Westbrook Taxpayers

According to the 2013 Grand List

Coroc/Westbrook I LLC $24,276,640

Water's Edge Realty $21,800,060

Lee Company $14,611,380

Pilots Point Marina, LLC $13,993,700

The Lee Co. $10,555,960

Jensens, Inc. $3,810,210

SKS Westbrook, LLC $3,201,390

IPC Information Systems, Inc. $2,989,350

Connecticut Water Co. $2,648,770

80 Flat Rock Place, LLC $2,603,010

Town News

Visit Zip06
Submit Your:  Submit Your News Submit Your Photos Submit Your Events

E-Newsletter Sign-Up