Groton's 2015 grand list declines .8 percent
Groton — Groton's 2015 grand list declined by .8 percent compared to the previous year, with real estate values dipping slightly and personal property and motor vehicle values falling.
The town's total net grand list of taxable property was $3.79 billion, based on the values of real estate, personal property and motor vehicles as of Oct. 1, 2015.
Real estate values dipped slightly by about .05 percent, while personal property and motor vehicle values both fell by 6.4 percent.
In 2014, Groton’s grand list fell 2.2 percent from the prior year, and the combined assessment of the top 10 taxpayers dropped $100 million, mostly because of Pfizer Inc.'s demolition of its former research headquarters.
Pfizer remains the largest taxpayer in Groton, representing about 9.7 percent of the grand list, down from 10.6 percent the prior year.
Electric Boat was the second-largest taxpayer, increasing its share of the tax base, making up 7.17 percent of the grand list this year, up from 6.84 percent in 2014.
The top 10 taxpayers and total net assessment (rounded to the nearest hundred thousand) are listed below:
1. Pfizer Inc., $365.7 million.
2. Electric Boat Corp., $270.7 million.
3. Ledges Groton LP (Ledges Apartments), $21.3 million.
4. Exit 88 Hotel LLC (Mystic Marriott), $19.1 million.
5. Groton Development Association LTD (Country Glen Apartments), $17.6 million.
6. CW Groton Square LLC (shopping center), $14.5 million.
7. Elk La Triumphe LLC (La Triumph Apartments), $14.5 million.
8. 3GJD LLC (shopping center), $12.5 million
9. Groton Estates LLC (Colonial Manor apartments), $12 million.
10. Odd Fellows Home of CT Inc. Continuing Care Community, $11.2 million
d.straszheim@theday.com
Twitter: @DStraszheim
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