Politics & Government
East Windsor Grand List Dips 14.5%
East Windsor taxable properties drops 14.5 percent in 2012, due in large part to real estate revaluation.

East Windsor had a 14.5 percent decrease in taxable properties since October 2011, according to the town’s assessor.
The total taxable property value in East Windsor this year is $932,907,382, with the decline of $159 million attributable primarily to revaluation.
The state requires all towns to complete a real estate revaluation every five years.
East Windsor had substantial declines in taxable real estate in 2012 (-16.5 percent) and in personal property (-4.6 percent), as well as a minor loss in taxable motor vehicles (-0.83 percent).
At $786,284,060, real estate makes up the bulk of the town’s grand list. Motor vehicles ($88,587,434) is second, while personal property ($58,035,888) is third.
The decline in real estate value means that the town would stand to lose $3.9 million in tax revenue if the mill rate 24.7 is not adjusted.
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