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Date: Fri 19-Jul-1996

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Date: Fri 19-Jul-1996

Publication: Bee

Author: KAAREN

Quick Words:

grand-list-tax-appeals

Full Text:

Tax Appeals Whittle Millions From Grand List

B Y K AAREN V ALENTA

Successful appeals by property owners have reduced the 1995 Grand List by

$14.5 million creating a shortfall of $362,000 in tax revenue for the town

this year.

Finance Director Benjamin Spragg said that when the tax rate of 25 mills was

set by the Legislative Council last month, the Board of Assessment Appeals had

not completed its hearings.

"The hearings which concluded in June reduced the $1.5 billion grand list by

$14.5 million, which means the mill rate should have been a couple of tenths

higher for the current year," Mr Spragg told the council Wednesday night.

Mr Spragg said the 1996 grand list also will have to grow by $14.5 million if

the town wants to have the same mill rate next year.

"In the long run, the way development is taking place, I don't foresee a

problem," he said.

Town officials already learned of a savings of approximately $100,000 in the

town budget and $50,000 in the school budget this year because property

insurance bids came in lower than anticipated. This $100,000 would reduce the

shortfall to $262,000, or even lower if the Board of Education agrees to

relinquish its $50,000 savings.

Council Chairman Joseph Mahoney said he would call School Board Chairman Herb

Rosenthal to tell him about the shortfall.

On Thursday Tax Assessor Mark DeVestern said what happened is "more or less

normal" in a revaluation year.

"I feel comfortable with what the Board of Assessment Appeals did," he said.

"I feel the changes were all justified because they are all now in alignment."

Mr DeVestern said most of the businesses who appealed to the board did not

file informal appeals last winter with the revaluation company,

Lesher-Glendinning, when the changes could have been made before the grand

list was struck.

Some of the larger changes in the tax assessments included a $1.1 million

reduction in the assesssment of the Ethan Allen warehouse property (reducing

it from $4.96 million to $3.83 million); an $800,000 reduction for Georgia

Pacific; $816,000 for the Danbury Terminal Railroad (which bought property

behind the Hawleyville fire station); $1.6 million for Insilco on Simm Lane,

and a $1.4 million reduction in the assessment of Young Development, 101 South

Main, a manufacturing and warehouse facility which is a division of Fairfield

Processing in Danbury.

There were 325 changes in real property assessments and two changes in

personal property assessments, according to Mr DeVestern. He said not all were

appeals, however.

"Some I brought forth myself," he explained, "including many in the lakeside

communities - Riverside, Pootatuck Park and Lake View Terrace - where there

are a lot of smaller cottages." These assessment changes were in the $10,000

range, however, not a significant impact on the Grand List.

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