South Windsor Grand List Declines in 2012

The town of South Windsor had a 10.93 percent decrease in taxable properties since October 2011, according to town assessor Charles Danna.

The total taxable property value in South Windsor this year was $2,468,393,038, with the decline attributable to revaluation.

The state requires all towns to complete a property revaluation every five years.

South Windsor had a substantial decline in taxable real estate in 2012 (-13.2 percent) and minor loss in taxable motor vehicles (-0.48 percent), though there was a modest gain in taxable personal property (+10.8 percent).

“The lists reflect the application of town wide revaluation values to all real estate accounts and the affect the changed market has on grand list totals,” Danna wrote in a prepared statement. “Each category having shown a mixed experienced growth and decline as has occurred in our regional economy in recent years.  This is best illustrated by the increase in the Personal Property portion of the Grand List since 2011 that was attributed to increased recorded assets as well as the decrease reflective of market conditions for real property since the last revaluation year 2007 measurements.”

At $2,082,571,756, real estate makes up 84.4 percent of the town’s grand list. Motor vehicles ($203,586,650, or 8.2 percent) is second, while personal property ($182,234,632 or 7.4 percent) is third.