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Haddam Grand List Rises Significantly

2016 Grand List Up Nearly $3.5 Million

 

submitted by Meghan Peterson, January 31, 2017

 

HaddamNow recently sat down with First Selectman Lizz Milardo for updates on town hall happenings. A general update will be coming shortly. In this piece, we take an immediate look at a specific item: the Grand List (GL). As the State’s Office of Policy and Management (OPM) defines it, the Grand List is the aggregate valuation of taxable property within a given town (including real estate, personal & business property and motor vehicles).

 

According to documents obtained by HaddamNow, the 2016 Grand List for final total taxable (real estate, personal property & business property, and motor vehicles) is $909,078,650 – an increase of $3,457,655 from the 2015 GL $905,620,995.

 

NOTE: The latest estimate, as of 2/5/17 is that the increase is nearly $10M, or about 1%.

 

Several snapshots from the documents:

For 2015, the total real estate taxable amount had a total net value of $762,188,940. For 2016, the total real estate taxable amount had a total net value of $765,546,180.

 

For 2015, personal & business property had a total net value of $76,435, 945. For 2016, personal property had a total net value of $72,941,920.

 

For 2015, motor vehicles had a total net value of $66,996, 110. For 2016, motor vehicles had a total net value of $70,590,550.

 

Jennifer Gauthier is the Assessor for the Town of Haddam and has signed what is called a “Grand List Affirmation” certifying the Grand Lists for 2016.

 

 

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5 Responses to Haddam Grand List Rises Significantly

  1. Earle Decker

    February 1, 2017 at 1:22 pm

    Translation: Aggravate Valuation with static number of taxable properties = increase in next years taxes.

  2. Mark Lundgren

    February 3, 2017 at 11:51 am

    Mr. Decker is correct. Then add in Haddams percentage for D-17 increasing, large reductions in State funding, our Board of Finance holding onto way too much cash and increased spending.

  3. Ed Munster

    February 5, 2017 at 3:12 pm

    An increase in the Grand List is always a good thing for taxpayers.

    Our next tax bill depends on two things:
    the size of the GL and
    the size of the town budget

    When the GL goes up more, percentage wise, than the budget, taxes go lower for taxpayers. Even when the budget goes up, percentage wise, less than the GL goes up, taxpayers benefit because the higher GL means that taxes will not go up as much as they would have if the GL were unchanged.

    On the other hand, when the GL goes down it is almost always bad for taxpayers unless there is a compensating lowering of the town budget.

  4. Mark Lundgren

    February 7, 2017 at 6:12 am

    My second attempt to post this:
    Mr. Decker is correct. Then add: Haddam’s percentage increase to D-17 cost, reduction in State funding, the Board of Finance holding onto way too much cash and increased spending.

  5. Mark Lundgren

    February 7, 2017 at 7:08 am

    I want to join those giving thanks to Mr. Munster for his single handed effort to reduce First Selectwoman Mrs. Milardo’s $20 million proposed road bond to $6+ million.
    I also support a substantial reduction in the mill rate and join that chorus. We know it can be done.