NAUGATUCK — The borough’s grand list grew slightly.
The net grand list for Oct. 1, 2015 is $1.6 billion, an increase of $18.8 million, or about 1.18 percent, from 2014. A municipality’s grand list is a tabulation of the assessed values of real estate, personal property and motor vehicles.
Based on the current mill rate of 45.57, the increase in the grand list equates to an additional $857,083 in tax revenue that can be used to offset a potential budget increase.
The assessed value of motor vehicles went up approximately $7.5 million, or 4 percent, to $183.4 million. However, due to issues with the state Department of Motor Vehicles’ conversion to new software, that amount will likely change, Assessor Carol Ann Tyler said.
The change in software has led to vehicles ending up on the wrong municipality’s grand list.
Tyler said she is already aware of a few inconstancies, but will wait until the DMV releases correct numbers before making changes.
“We are trying to do the best we can with the information we have,” Tyler said.
The assessed value of real estate saw the largest increase, going up $9.89 million, or 7.4 percent, to $1.32 billion.
Tyler said the driving force behind the increase in real estate values was a number of enterprise zone accounts ending in 2015. This meant that a number of businesses began paying more taxes.
The assessed value of personal property went up $1.4 million, or 1.5 percent, to $93.4 million.
Naugatuck Mayor N. Warren “Pete” Hess was pleased with the increase in the grand list.
“I believe that our downtown transit-oriented development project will, in the future, be the catalyst to help further growth,” Hess said.
Hess attributed the increase in the grand list to Tyler and the staff in the assessor’s office, who he said helped find more accounts to bring on the borough’s tax rolls.
Tyler began working as the assessor Jan. 4 on a per diem basis. She was given a four-year contract on Jan. 21.
“Our new assessor and her team have done a great job in locating some items and increasing the grand list,” Hess said. “We made a great choice in our selection of an assessor.”
Top 10 taxpayers
Connecticut Light & Power (Eversource): $21,025,330
Yankee Gas (Eversource): $19,169,830
Connecticut Water Co.: $16,073,500
Garden Homes Naugatuck: $9,215,250
Mancinone Realty: $7,989,210
Bridge Shopping Center Ltd.: $7,393,4808
Ansonia Acquisitions: $6,563,620
Southwood Gardens LLC.: $5,365,990
Genesis Health Ventures: $4,548,050
The figures represent the combined assessment for the taxpayers. List provided by the Naugatuck Assessor’s Office.