NORWICH GRAND LIST UP BY 1.2%; PERSONAL PROPERTY SOARS DESPITE PANDEMIC CLOSURES
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.
Ralston said commercial real estate values dropped by 0.4%, mainly due to the settlement of court appeals based on the 2018 grand list. She said analysis of motor vehicle value increases showed an increase in RVs registered in Norwich.
Ralston also was pleased that personal property, which includes commercial and industrial equipment, rose significantly despite the pandemic and “many businesses closing.”
Norwich Top 10 taxpayers:
1. Computer Sciences Corp., 100 Winnendon Ave. and 243 Vergason Ave., $49.6 million.
2. TKG Norwich, dba Norwichtown Commons, 42-44 Town St., $19 million.
3. Bob's (CT) QRS 16-25 Inc., Bob's Discount Furniture distribution center, 70 Jewett City Road, $16.7 million.
4. Norwich Realty Associates LLC, 624 W. Main St. shopping plaza, $11.3 million.
5. Domino Solar LTD, 9 Stott Ave., 292 Plain Hill Road and Rogers Road, $11.2 million.
6. Plaza Enterprises, retail and service plaza, 113 Salem Turnpike, $11 million.
7. Mashantucket Pequot Tribe, Spa at Norwich Inn, 607 W. Thames St., $10.29 million.
8. Elk Thamesview LLC, 495 Laurel Hill Ave., $9.4 million.
9. Walmart Real Estate Business Trust, 220 Salem Turnpike, $9.1 million.
10. Algonquin Gas Transmission LLC, various locations, $8.7 million.