Published February 09. 2021 3:32PM | Updated February 09. 2021 4:47PM
Preston The town saw an overall 2.8% increase in the grand list of taxable property over the past year, fueled by a strong jump in motor vehicle values, new housing and a flurry of home improvements, Assessor Mildred Perringer said.
The overall net grand list, with exempt properties removed, for combined real estate, motor vehicle and personal property values totaled $456,382,702 as of Oct. 1, 2020, a $12.4 million increase over the total from 2019.
Real estate values totaled $376,433,980, up by $7.57 million, a 2% increase. Perringer attributed the increase to one new subdivision and new construction townwide, helped by favorable interest rates.