The Day



Stonington — The town’s grand list, or its total value of taxable property, soared by approximat­ely 36% in 2022 compared to 2021, mainly due to a 41% increase in real estate values.

Jennifer Lineaweave­r, town assessor, attributed the increase to the revaluatio­n of all real estate in town.

After subtractin­g exempt property, the town’s net grand list, including real estate, personal property and motor vehicles, increased by $1 billion to $4 billion as of Oct. 1, 2022.

Real estate, which comprises the majority of the list, totaled $3.6 billion after accounting for tax-exempt properties. The increase is most property owners’ assessment­s does not mean there will be large increase in their tax bills as the tax rate will decrease proportion­ally due to the larger tax base. Tax bills could increase based on a increase in the proposed 202324 budget.

Motor vehicle assessment­s rose by $8.8 million, or 4.3%, over last year, to approximat­ely $215 million, and personal property grew at 1.3% to $165 million.

“Motor vehicles went up a little bit, but not much,” Lineaweave­r said. She added that the increase in used car values is slowly declining.

“There was still an increase over last year, but not to the extent we saw over the last two years,” she added.

The town’s top 10 taxpayers are:

1. Connecticu­t Light & Power $56,181,090

2. Senior Living by Masonicare, $42,438,690

2. Mystic CT Senior Property LLC (Stone Ridge & ROC Seniors) $23,929,200

3. Aquarion Water Co. of CT $14,447,760

4. DDH Hotel Mystic LLC (Mystic Hilton) $13,768,550

5. VIII-HII-Whitehall Avenue LLC (Residence Inn) $12,436,090

6. Mashantuck­et Pequot Tribe $11,707,260

7. Joyce O. Resnikoff trustee (Olde Mistick Village) $10,944,000

8. Yankee Gas Services Co. $10,012,410

9. Spirit Master Funding X LLC $8,948,600

10. Brookside Associates Limited Partnershi­p $8,578,400

The ranking for Masonicare is based on its estimated paymentin-lieu-of-taxes agreement with the town, which calls for it to pay a portion of the tax rate for the general government operating budget, debt service and capital improvemen­ts.

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