Grand List

Town of Orange, Connecticut       

Grand List Report

October 1, 2016

 The following displays the computations for the October 1, 2016 grand list for the Town of Orange, Connecticut. This presentation is prior to any adjustments that may be made by the Orange Board of Assessment Appeals. An abstract of the 2016 grand list will be filed with the Town Clerk on or prior to February 28, 2017.


Tax exempt

The tax exempt real estate section of the October 1, 2016 grand list increased from 158,228,930 to 159,607,630.  This constitutes an increase of approximately 8.7 tenths of one percent.  This increase is attributed to the following properties receiving tax exempt status; 339 Boston Post Road; 445 Turkey Hill Road and vacant land located off of Midland Drive.

Gross Grand List Taxable

The gross taxable grand list reflects the total of all gross assessments of taxable accounts and is prior to deducting all statutory exemptions. This total excludes tax exempt real estate. The gross taxable grand list for October 1, 2016 before adjustments by the Board of Assessment Appeals equaled 1,989,030,170 or an increase of 1.556 percent, when compared to the October 1, 2015 gross taxable grand list before corrections from the Board of Assessment Appeals which equaled 1,958,550,920.  This section, also referred to as grand list growth, will be displayed in greater detail within the body of this report.

Total Exemptions

Total exemptions are deducted from the gross taxable grand list to derive the net grand list. Exemptions are in compliance with State and Federal law as well as local ordinance. They include, but are not limited to, veterans, blind, totally disabled, ambulance type vehicles, income challenged veterans, and local additional tax relief programs for veterans exemptions.

.Total exemptions for the October 1, 2016 grand list equaled 21,634,720 or an increase of 27.7% when compared to the October 1, 2015 grand list which was 16,937,500.

This increase is solely attributed to a rise in both the non- reimbursable manufacture’s exemptions and non -reimbursable exemptions on certain new commercial vehicles. These exemptions are posted in both the business personal property section of the grand list and the motor vehicle section of the grand list

Net taxable grand list (that which taxes are based on)  

The net taxable grand list is the section of the grand list upon which taxes are based.

The following compares the 2016 net taxable grand list and the 2015 net taxable grand list prior to adjustments for Board of Assessment Appeals:


category

2016 Net Grand List

2015  Net Grand list

%change

$ change

net real estate

1,691,170,520

1,674,020,100

0.01025

17,150,420

net motor vehicles

135,385,710

132,709,230

0.02017

2,676,480

net business personal property

140,839,220

134,884,090

0.04415

5,955,130

total net grand list

1,967,395,450

1,941,613,420

0.01328

25,782,030

The 2016 net taxable grand list increased by 1.328 percent when compared to the 2015 net taxable grand list, before adjustments from the Board of Assessment Appeals.

Real Estate

The net taxable real estate section of 2016 grand list posted an increase of 1.025 percent reflecting the slow recovery in the real estate market.

Motor Vehicle

The 2016 net taxable motor vehicle section of this net taxable grand list increased by 2.017 percent as compared with totals posted for 2015.  The cumulative value of newly registered current model year passenger cars was enough to offset the accrued depreciation from recurring vehicles. As in past years, vehicle values were derived from the NADA Official Used Car Guide New England edition as required by the State of Connecticut.

Business Personal Property  

This section of the 2016 net grand list increased by 4.415 % percent when compared with totals posted in 2015. The 2016 net taxable business personal property increase is solely attributed to United Illuminating and its subsidiaries.