Tolland Grand List Increases Slightly

The Tolland grand list has seen a net increase of .89 percent, or $11,328,125, over the previous year, potentially affecting the tax rate on the positive side by .02973 mills, according to Tax Assessor Walter Lawrence. At the current tax rate, revenue could increase by $336,785.16, Lawrence said.

When asked about the value of real estate in town, Lawrence said that the market is still falling, but that there has been some stabilization this year.

"We're starting to see a small increase in value," he said. He added that Tolland home values are close to what they were in 2004.

Lawrence said that the town has a current net taxable list valued at $1,293,289,310. 

The town's grand list breaks down as follows:

Real Estate:

• Net worth of $1,147,650,990; an increase of .45 percent, or $5,070,690
• Accounts decreased by six, from 6,108 from 6,102 
• Makes up 88.74 percent of Tolland's grand list
• Residential real estate: 82.20 percent
• Commercial and industrial real estate: 6.85 percent

Vehicles:

• Increased 5.37 percent, or $6,104,301 
• Total net worth of $119,846,367
• 158 fewer vehicles this year
• Motor vehicles comprise 9.27 percent of the grand list

Personal Property:

• Increased .60 percent, or $153,133
• Personal property makes up 1.99 percent of the grand list budget 
• Total net worth: $25,791,953

According to the a letter Lawrence submitted last week to Town Manager Steven Werbner, the total of all exempted real estate is $143,011,715. 

The Board of Assessment of Appeals will meet in March to discuss possible adjustments. 

To see a copy of the town's top 10 taxpayers .