The town’s grand list of taxable property went up by 1.2%, according to assessor Diane Vitagliano.

The 2022 net grand list totaled $2.8 billion, an increase of $33.5 million.

Net real estate values totaled $2.5 billion, an increase of $20.4 million or 0.8%. Motor vehicle values went up by 5.8% to a new net total of $215.7 million.

Personal property values increased by 1.5%, totaling $77.5 million.

Vitagliano attributed the increases to car purchases and new construction as the town emerges from the COVID-19 pandemic.

“The increase in the motor vehicle list is a result of the number of new cars on the list, as many cars were on back order as a result of supply chain issues,” she said.

The increase in real estate values came from more building permits and new construction projects, she said.

Last year, the grand list soared 22.3% as a result of the 2021 property revaluation.

East Lyme’s top 10 taxpayers, combined real estate, personal property, motor vehicle values, are:

Connecticut Light & Power, $33.2 million

Sound Apartment Ventures, $29.2 million

Cove Apartment Ventures, $17.6 million

GDEL Commercial (Costco), $13.8 million

L&L East Lyme LLC (grocery and strip stores), $10.3 million

KRE-BSL Husky Niantic (assisted living), $7.8 million

Mitchell Trust LLC (various developments), $7.2 million

Flanders Plaza Assoc. (grocery and strip stores), $6.7 million

Evans, Hugh D & Saskia (various Old Black Point properties), $5.1 million

Yankee Gas, $5.0 million

e.regan@theday.com