Preston grand list jumps with property revaluations
Preston ― The town’s grand list of taxable property soared by 22.38% in 2022, thanks mainly to real estate values, Assessor Adrianna Hedwall said.
The new net grand list, after subtracting exempt property, totaled $612 million, an increase of $138.9 million, 22.38% as calculated as of Oct. 1, 2022. Net real estate values totaled $511.38 million, an increase of $130 million, up 25.42%.
Personal property values increased by a much lower but still strong 6.9%, amount, totaling $39.5 million. Motor vehicle values also increased by 6.9% to a new net total of $61 million.
Preston top 10 taxpayers, combined real estate, personal property, motor vehicle values, are:
- Covanta SE Connecticut (trash incinerator), $35.52 million.
- Connecticut Light & Power, $24.23 million.
- Julia Tate Holdings LLC (Hilton Garden Inn), $9.59 million.
- Strawberry Park Resort Campground, $2.64 million.
- Mashantucket Pequot Tribe, $1.58 million.
- Yankee Gas, $1.24 million.
- PAF Commercial Realty LLC (Fleming’s shopping center and other properties), $1.17 million.
- Shane J. Pollack, $1.11 million.
- Henry E. Watson, $1.1 million.
- William Migliaccio, Jr., $1.09 million.
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