Darien’s 2016 Grand List has seen an increase of 0.83%, falling a bit behind the growth of recent years. The list compiles the assessed value of taxable real estate, motor vehicles and personal property in town, now totaling $8.52 billion.
The Grand List establishes the town’s tax base, allowing leadership to make informed budget decisions based on the town’s anticipated income and ultimately affecting the mill rate. Assessed values are typically 70% of the appraised value and are not necessarily indicative of market value.
Real estate represents the bulk of the grand list and Darien saw about $66.24 million increase in assessed real estate. Darien’s most valuable piece of real estate continues to be the Avalon apartment complex at 137 Hollow Tree Ridge Road. Owned by Darien Financing LLC, the property is assessed at $38,365,180. The William Steinkraus estate on Great Island is the second most expensive property in town at $31.6 million. Wee Burn Country Club and the Country Club of Darien are valued at $20.99 million and $20.48 million respectively.
New residential developments continue to add to the town’s real estate value and the apartments included in proposed redevelopments for downtown Darien and Noroton Heights could have a major impact on the town’s taxable real estate value.
Eversource Energy and subsidiary Yankee Gas combine for more than half of the assessed personal property in town at approximately $90 million. Zotos International, a Darien based hair care company, has the highest amount of personal property outside of the utility companies in town at $3 million. Overall, Darien’s personal property values saw an overall decrease of about half a million dollars to a total of $163,812,864.
A total of 17,578 motor vehicles were assessed at more than $241 million. Of the town’s 10 most expensive cars, four belong to the same owner, and five are Ferraris. The town’s most expensive vehicle remains a Porsche 911 RS assessed at $199,500.
The Grand List is managed by the office of the town assessor in town hall. To inquire about tax assessments contact Assessor Anthony Homicki at 203-656-7310.