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Published March 16. 2021 4:52PM | Updated March 16. 2021 10:10PM New London  The city’s grand list of taxable properties grew by 1.39% as of Oct. 1, 2020, helped along by increases in the value of commercial and residential property, motor vehicles and personal property. The overall 2020 net taxable grand list totaled $1.51 billion, up by $20.7 million from a year prior, when the grand list rose by 2.95%. Net taxable real estate increased by $9.24 million, a 0.75% increase. Taxable personal property grew by more than $4 million to $155.2 million, an increase of 2.7%. Motor vehicle values rose by 6.6% to $119.5 million. Tax-exempt properties totaled $942,995, a 1%, or $10.1 million, drop from a year prior. New London s top 10 taxpayers, which remained the same from a year prior, had a combined net assessed value of $242.4 billion. Electric Boat real estate holdings make up 4.38% of the city s total grand list.

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