REVALUATION BOOSTS STONINGTON GRAND LIST

Stonington — The town’s 2017 grand list — the total value of all the real estate, motor vehicles and personal property such as business equipment in town — has increased 4.6 percent, primarily because of the recently completed revaluation of all property and buildings.

The $2,771,030,190 grand list shows an increase of almost $123 million compared to 2016, with almost $116 million of the increase in real estate.

The grand list is expected to drop by almost $4.8 million once eight nonprofit organizations file the proper paperwork to be tax exempt. That will drop the increase to 4.46 percent.

The town’s top 10 taxpayers are as follows:

Connecticut Light & Power, $40 million

Stone Ridge, $24 million

Aquarion Water Co., $15.2 million

Masonicare, $29.6 million

Mystic Hilton, $11.2 million

Mashantucket Pequot Tribe, $10.9 million

Residence Inn, $10.1 million

Olde Mistick Village, $9.3 million

Davis Standard $8.4 million

Yankee Gas, $8.3 million

Masonicare, however, is not reflected in the grand list as it makes an annual payment in lieu of taxes to the town that is estimated at about $260,000.