Wilton’s 2018 Grand List Drops in Value by 2.08%
Wilton’s assessor Sarah Scacco released the town’s official 2018 Grand List, the first to incorporate the recent town-wide property revaluation. As anticipated, it reflects a decrease from the prior year, an overall change of $90,419,414 or a 2.08% drop. The (slightly tarnished) silver lining is that the decrease is smaller than town officials anticipated, thanks to unanticipated increases in both personal property and motor vehicle values, according to a letter Scacco sent to the Board of Finance on March 2.
However, the Grand List does not include any value changes that may come from the revaluation appeals process. In the next two weeks, Wilton residents are still able to file an application to appeal their assessment changes with Wilton’s Board of Assessment Appeals. The final grand list totals will change again once the Board of Assessment Appeals wraps up its hearings.
Breaking down the Grand List numbers, Wilton’s assessed real estate values fell 2.42%; personal property rose 1.17% in value and motor vehicle value was up 1.09%.
The Real Estate total includes both commercial and residential real estate, combined.
Town officials set the tax rate based on the Grand List–and with a smaller grand list, that means they’ll have to charge more in order to cover any budget increases.
Anyone who is dissatisfied with his or her 2018 Grand List assessment has the opportunity to file an application for the Board of Assessment Appeals. Applications need to be received by the assessor’s office no later than 4:30 p.m. on March 20, 2019. The applications can be obtained in the Assessor’s Office or online on the Assessor’s page.
The assessor also released a list of the town’s Top 10 Taxpayers: