Date: Fri 19-Jul-1996
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.
