Grand list inches up in Prospect

PROSPECT — The town’s grand list increased slightly.

Prospect’s 2017 grand list is $853.38 million, an increase of $7.76 million, or 0.92 percent, over the 2016 grand list.

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 31.25, the increase in the grand list equates to $242,619 in additional tax revenue.

“It may have only gone up 0.9 percent, but that is better than going down,” Mayor Robert Chatfield said, adding the additional tax revenue will help alleviate the tax burden on residents.

The assessed value of real estate increased by $5.5 million, or 0.76 percent, to about $734 million.

Assessor James Clynes said the increase is due primarily to new and partial dwellings that have been constructed at Regency at Prospect, a community for people 55 years old and older. The town also saw new homes built and additions to existing homes, he said.

The assessed value of motor vehicles increased by $2.3 million, or 2.77 percent, to about $86.55 million.

Clynes attributed the increase to residents buying or leasing new vehicles.

Unlimited Fun, which sells and rents recreational vehicles, also moved into town from Beacon Falls. The company has approximately 20 vehicles registered in town, Clynes said.

The assessed value of personal property decreased by $129,044, or 0.39 percent, to approximately $32.8 million.

Clynes said the decrease was due to businesses not making as many purchases and the depreciation of personal property.

“I would say the total increase to the grand list was modest but still a welcome addition to the amount of taxable property in town,” Clynes said.

Chatfield said the grand list showed that Prospect is still a positive town.

“The news is certainly good. We are still a thriving little community,” Chatfield said.

Top 10 Taxpayers

Yankee Gas Services Co.…$8,468,500

Connecticut Light and Power (Eversource)…$7,052,250

Geloso Enterprises LLC (Aria banquet facility)…$5,139,810

Prospect Medical LLC (medical offices on Waterbury Road)…$5,086,050

Paulmar Associates Limited Partnership (American General Investors)…$4,298,590

Toll CT Limited Partnership (Toll Brothers and Regency)…$3,705,030

Cassata Joseph & Vincenza (CVS)…$3,074,660

The Connecticut Water Co….$3,072,400

ACAR Leasing LTD…$2,702,980

43 Candee LLC (Holiday Hill)…$2,690,550

The figures denote the combined real estate, personal property and motor vehicle assessments for the taxpayers listed. Figures provided by the Prospect Assessor’ Office.