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New Canaan's grand list down by nearly 3 percent

Updated 5:33 pm, Monday, March 10, 2014

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  • Country Club of New Canaan is the highest valued real estate property and is third in personal property values. Photo: Keelin Daly / Stamford Advocate
    Country Club of New Canaan is the highest valued real estate property and is third in personal property values. Photo: Keelin Daly

 

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The 2013 New Canaan projected grand list, which is the total value of taxable property in town, fell by 2.97 percent over the 2012 assessment, according to the assessor's office.

The grand list is now $8,052,488,253, which is $246,858,785 less than in 2012.

The grand list is the assessment of all real properties, commercial properties and motor vehicles, and it is the base used to determine the tax burden.

The tax increase or decrease is also driven by the town's budget. The property tax rate, known as mill rate, is determined by dividing the amount of revenue that must be raised from property taxes by the grand list.

As of 2013, the real property value in New Canaan is $7,728,589,570, a 3.22 decrease over 2012's $7,985,817,336.

The Country Club of New Canaan, which is assessed at $28.5 million, topped the list of highest valued real properties.

In 2012, the club also was first with $24.2 million.

The Huguette Clark estate, eighth on the real property list, lost $4 million in assessed value, going from $14.8 million to $10.7 million.

Personal property, which includes all items owned by businesses, such as supplies, electronic equipment and furniture, has risen 5.17 percent in assessed value, from $66,543,850 to $69,990,000.

Connecticut Light & Power leads all others in this category with a $23.3 million assessment.

The value of motor vehicles is $253,908,683, a 2.8 percent increase from $246,985,852 in 2012. The two highest-valued cars are both older than 40 years and owned by Kenneth G. Tropin. His 1971 Ferrari 365 Daytona is valued at $300,370 and his 1970 Aston Martin DB6 is valued at $274,890.

noliveira@bcnnew.com, 203-330-6582, @olivnelson

Top 10 properties by category

The top 10 highest valued real estate properties are:

1. The Country Club of New Canaan: $28,490,770

2. Town Close Associates Limited Partnership: $25,316,200

3. New Canaan Lumber Company: $16,255,680

4. Grace Property Holdings LLC: $16,098,110

5. Kathleen Tropin: $15,760,850

6. J.R. Silverberg Realty LLC: $13,878,410

7. Simon Edward Trustee: $12,367,950

8. Estate of Huguette Clark: $10,700,690

9. 721 North Wilton Road LLC: $10,183,810

10. Hatfield Mews Town House Owners Corp.: $9,574,040

The top 10 personal property values are:

1. Connecticut Light & Power: $23,340,060

2. Aquarion Water Company of Connecticut: $13,087,420

3. Country Club of New Canaan: $1,201,150

4. Bankwell Bank: $899,800

5. CSC Sugar LLC: $718,850

6. Tradewell Inc: $706,270

7. Chef Brian Lewis: 687,500

8. Unimin Corp.: $677,520

9. PQ New Canaan Inc.: $539,190

10. Citibank 3114: $429,810

The top 10 highest valued motor vehicles are:

1. 1971 Ferrari 365 Daytona, owned by Kenneth G. Tropin: $300,370

2. 1970 Aston Martin DB6, owned by Kenneth G. Tropin: $274,890

3. 2012 Ferrari FF, owned by Robert J. Bishop: $233,100

4. 2012 Ferrari 458 Italia, owned by Putnam Leasing Co.: $210,280

5. 2012 Ferrari 458 Italia, owned by Brian L. Libman: $210,280

6. 2013 Ferrari FF, owned by Fabio Calia: $209,130

7. 2012 Rolls-Royce Ghost, owned by Robert P. Prince: $204,610

8. 2010 Ferrari 458 Italia, owned by Kenneth G. Tropin: $191,660

9. 2010 Ferrari 458 Italia, owned by Putnam Leasing Co.: $191,660

10. 2011 Porsche 911 GT2, owned by Steven A. Smith: $182,560