Norwich ― The city’s grand list of taxable property rose by $43 million last year, a 2% increase over the previous year, Assessor William Lee said.
Lee filed the grand list Tuesday with total net val.
Published February 26. 2021 6:50PM | Updated February 26. 2021 10:49PM
Norwich The city’s grand list of taxable property increased by 1.2% as of Oct. 1, 2020 over the previous year, boosted by solid increases in motor vehicle and personal property values, city Assessor Donna Ralston reported to the city manager Friday.
The overall net grand list increased by $24.3 million to a total of $2.045 billion after exempt properties were removed. Ralston reported there was a decrease in total property exemptions of $4.2 million.
Real estate property values totaled $661.69 million, a slight increase of $4.7 million, or 0.28%. But motor vehicle values increased by 4.5% to a total of $210.4 million, and personal property values jumped by $10.5 million, or 6.5%, to a total of $173.3 million.