The Town of Cheshire’s grand list of all taxable and non-taxable real estate, personal property, and motor vehicles is growing.
Cheshire’s net grand list as of last Oct. 1 grew to more than $2.84 billion, and had increased by nearly $42.7 million since Oct. 1, 2018 tally. That figure translates to a 1.52 percent increase, the Town announced last week.
James J. Jaskot, the Town’s finance director, said the increase is larger than prior years.
The last fiscal year, which also included revaluation of properties, saw a 0.82 percent increase that, Jaskot said, was in line with the Town’s historical averages.
“There’s been slow, consistent growth,” Jaskot stated.
The opening last fall of the two-story, 50,000-square-foot Hartford HealthCare building on South Main Street contributed to the most recent growth.
With that building, Hartford Healthcare was added to the town’s list of top 10 taxpayers, Jaskot explained.
The grand list, along with Town Manager Sean M. Kimball’s eventual budget request for fiscal year 2021, will factor into the town’s future mill rate.
“We won’t really know (what) the mill rate is until we know what the Town Council is going to adopt for the budget,” Jaskot said.
The mill rate is currently $33.22 per $1,000 of assessed value.
A $22.6 million, 0.94 percent, increase in real estate accounted for the largest share of grand list growth, while personal property figured for nearly $10.5 million and motor vehicles increased by more than $9.6 million, according to Town officials.
Assessments are not yet finalized. Residents seeking to appeal their assessments before the town’s Board of Assessment Appeals must apply by Feb. 20. Those applications are available at www.cheshirect.org, or can be picked up from the Assessor’s Office in town hall.