Norwich grand list up 2.2% in 2021
Norwich — The overall grand list of taxable property rose by 2.2% in 2021, but assessor William Lee cautioned that part of the boost is due to temporary conditions.
The city’s net grand list, including real estate, motor vehicles and personal property, rose by $46.6 million to $2.09 billion as of Oct. 1, 2021.
Real estate, by far the biggest portion of the list, totaled $1.67 billion after subtracting tax-exempt properties, a 0.69% increase. Lee attributed part of the increase to the 10% late-filing penalties assessed on 311 commercial properties.
“I wish people would take those processes seriously, because the information is precious to us,” he said of the late penalties.
Motor vehicle values skyrocketed by 24.6% to a total of $262.2 million, mostly due to a pandemic-driven increase in the value of used cars. Norwich also had 572 more cars in 2021 over the 2020 total, Lee said.
Assessed personal property dropped by $16.7 million, or 9%, to a total of $156.6 million. The loss of the Freeport McMoRan copper products plant is part of the drop, Lee said. Also, companies in the Norwich business park filed for new state manufacturing equipment exemptions, for a total drop in value of about $5 million.
Top 10 taxpayers:
1. Computer Sciences Corp., 100 Winnenden Ave. and 243 Vergason Ave., $34.8 million
2. TKG Norwich, dba Norwichtown Commons, 42-44 Town St., $17.5 million
3. Bob’s (CT) QRS 16-25 Inc., Bob’s Discount Furniture distribution center, 70 Jewett City Road, (furniture distribution center), $15.8 million
4. Norwich Realty Associates LLC, 624 W. Main St. plaza, $11.3 million
5. Plaza Enterprises, 113 Salem Turnpike plaza, $11 million
6. Mashantucket Pequot Tribe, Spa at Norwich Inn, 607 W. Thames St., $10.2 million
7. Domino Solar LTD, 9 Stott Ave., 292 Plain Hill Road and Rogers Road, $9.6 million
8. Elk Thamesview LLC, 495 Laurel Hill Ave., apartment complex, $9.4 million
9. Electric Boat Corp., 100 Winnenden Ave., computer equipment, $9.4 million
10. Algonquin Gas Transmission LLC, natural gas pipeline, $8.1 million.
Comment threads are monitored for 48 hours after publication and then closed.
