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Waterford enjoys 0.77 percent increase in grand list

By Tess Townsend

Publication: The Day

Published May 08. 2014 4:00AM   Updated May 08. 2014 11:48PM

Waterford - The town's 2013 grand list shows a 0.77 percent increase from 2012. The list, which is the sum of all taxable property in town, increased by $24,474,813 to $3,197,421,928.

Personal property values saw the greatest percentage increase, of about 2 percent. Real estate values increased 0.3 percent and motor vehicle values went up by 0.74 percent.

Tax Assessor Michael Bekech attributed the increases to the recovering economy. He said the town was seeing an increase in businesses purchasing new equipment and in homeowners making adding on to their houses. He attributed the latter in part to relatively low mortgage rates. "Any increase is a good increase," he said.

The town's top 10 tax payers are static, except that Connecticut Light & Power climbed from third place to second. Bekech said the rise in rank was because of the company's new transfer station.

The town's top 10 taxpayers are:

1. Millstone Power Station, $1.1 billion

2. Connecticut Light & Power, and affiliates Yankee Gas and Rocky River Realty, $75.7 million

3. Crystal Mall Associates/Simon Properties, $66.1 million

4. Centro GA, $26.2 million

5. Chase Crossroads, $24.8 million

6. Wal-Mart, $18.2 million

7. Reit Health Care/WG Crossroads, $13.3 million

8. Sonalysts, $11.9 million

9. Target/Dayton Hudson, $10.3 million

10. Home Depot, $10 million

t.townsend@theday.com

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