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PROSPECT â The townâs 2020 net grand list increased 3% from 2019.
A municipalityâs net grand list is a tabulation of the assessed taxable values of real estate, personal property and motor vehicles.
The 2020 grand list is $896.6 million, an increase of nearly $24.3 million from 2019.
âI think it shows that the town is, in fact, doing very well,â Mayor Robert Chatfield said about the growth.
An increase in real estate values drove the overall grand list growth. The assessed value of real estate increased by about $17.9 million, or 2%, to $766 million.
Assessor Betsy Quist attributed the increase mostly to a recently completed property revaluation. She said a breakdown of the impact of revaluation on specific types of properties, like single-family homes, wasnât available.