Durham's Grand List Grows by Less Than One Percent

Durham's grand list grew by three-quarters of a percent in 2012 led by a surge in personal property investment.

The taxable property in the town as of Oct. 1 was $737,958,996.

The total figure, which is subject to adjustment by the board of assessment appeals, is about a $5.5 million increase over last year's final grand list amount of $732,454,211.

This spring, the board of finance will use the grand list to determine Durham's mill rate, which is currently 32.19.

The largest increase in the grand list came in the assessment of personal property, which jumped by $3.18 million to $30,798,962, or an 11.5 percent increase. Real estate values on the other hand grew only modestly at 0.48 percent to $646,428,194.

Motor vehicle assessments in Durham climbed about one percent higher, to $60,731,840.

According to a report, Above and Beyond Equipment Rental accounted for 40 percent of the increase in the personal property total.

The Top 10 Taxpayers in Durham (based on assessment, not taxes paid):

1. Connecticut Light & Power   $17,052,790

2. Hobson + Motzer Inc.            $9,646,770

3. Durham Manufacturing Co.    $5,474,540

4. Covidien LP                          $2,617,290

5. Stonegate Springs LLC          $2,557,030

6. Tilcon Inc.                            $2,399,810

7. Durham Manufacturing Co.    $2,173,220

8. Morgan Crucible                    $2,086,850

9. CSK Realty LLC                     $2,075,220

10. Dinatale Rentals                  $2,028,250