East Lyme grand list increases by more than 1 percent
East Lyme — The town's total net taxable grand list increased by 1.18 percent to $2.15 billion in 2016.
Total real estate assessments increased to $1.96 billion, or 1.08 percent.
Motor vehicle assessments grew by 3.19 percent to $134.1 million while personal property decreased slightly by 0.06 percent to $54.4 million.
The increase in total real estate assessments was a result of the revaluation and development in town, according to Town Assessor Diane Vitagliano.
The 2016 numbers are prior to the Board of Assessment Appeals process.
The town's top taxpayer was GDEL Residential, the limited liability company for the Gateway apartments off Interstate-95 Exit 73, for the second year.
The top 10 taxpayers and their net taxable assessments are as follows:
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[naviga:li]GDEL Residential LLC (Gateway apartments), $27,965,320[/naviga:li]
[naviga:li]Connecticut Light & Power (utilities, Eversource Energy), $19,600,110[/naviga:li]
[naviga:li]L&L East Lyme LLC (grocery and strip mall stores), $9,433,060[/naviga:li]
[naviga:li]417 Main Street Niantic LLC (assisted living), $8,054,710[/naviga:li]
[naviga:li]GRE 314 East Lyme LLC (solar farm), $6,670,080[/naviga:li]
[naviga:li]Mitchell Trust LLC (various), $6,220,910[/naviga:li]
[naviga:li]GPF Flanders Plaza LLC (grocery and strip mall stores), $5,761,490[/naviga:li]
[naviga:li]Aly Limited Liability Co. Development Inc. (CVS and plaza), $4,758,887[/naviga:li]
[naviga:li]JV Hope Street LLC (condos), $4,423,798[/naviga:li]
[naviga:li]SMV Niantic LLC (rehab center), $4,224,150[/naviga:li]
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