Town of Orange, Connecticut       

Grand List Report

October 1, 2017 Revaluation

The following displays the computations for the October 1, 2017 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 2017 grand list will be filed with the Town Clerk on or prior to February 28, 2018.

Tax exempt
The tax exempt real estate section of the October 1, 2017 grand list increased from 159,607,630 to 161,290,630.  This constitutes an increase of approximately1.1 percent.  This increase is attributed to the revaluation of all real property as of October 1, 2017.

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, 2017 before adjustments by the Board of Assessment Appeals equaled 2,103,721,872 or an increase of 5.8 percent, when compared to the October 1, 2016 gross taxable grand list before corrections from the Board of Assessment Appeals which equaled 1,989,030,170.  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, 2017 grand list equaled 24,821,750 or an increase of 14.7 percent when compared to the October 1, 2016 grand list which was 21,634,270.

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.

Phase-in Exemptions
The general revaluation, effective October 1, 2012, rescinded all phase-in exemptions.

Gross Grand List –Growth Estimate
The gross grand list is the sum of all taxable assessments before exemptions and before adjustments from the Board of Assessment Appeals, to illustrate overall growth.
The October 1, 2017 gross grand list displays an increase of 5.8 percent as compared with the October 1, 2016 gross grand list before adjustments from the Board of Assessment Appeals:

Category	2017  Grand list	2016 Grand list	$ Change	% change
gross real estate	1,801,671,070	1,695,366,070	106,305,000	0.063
gross motor vehicle	137,592,080	136,145,270	1,446,810	0.011
gross business personal property	164,458,722	157,518,830	6,939,892	0.044
Total	2,103,721,872	1,989,030,170	114,691,702	0.058

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 2017 net taxable grand list and the 2016 net taxable grand list prior to adjustments for Board of Assessment Appeals:

category	2017 Net Grand List	2016 Net Grand List	%change	$ change
net real estate	1,796,406,020	1,691,170,520	0.062	105,235,500
net motor vehicles	136,681,160	135,385,710	0.010	1,295,450
net business personal property	145,812,942	140,839,220	0.035	4,973,722
total net grand list	2,078,900,122	1,967,395,450	0.057	111,504,672

The 2017 net taxable grand list increased by 5.7 percent when compared to the 2016 net taxable grand list, before adjustments from the Board of Assessment Appeals.

Real Estate
The net taxable real estate section of 2017 grand list posted an increase of 6.2 percent when compared 2016 net grand list. The 2017 revaluation is responsible for this increase.

Motor Vehicle
The 2017 net taxable motor vehicle section of this net taxable grand list increased by 1 percent as compared with totals posted for 2016.  The cumulative value of newly registered current model year passenger cars was barely enough to offset the accrued depreciation from recurring vehicles. As in past years, vehicle values were derived from the NADA Official Used Car Guide as required by the State of Connecticut.

Business Personal Property  
This section of the 2017 net grand list increased by 3.5 % percent when compared with totals posted in 2016. The 2017 net taxable business personal property increase is solely attributed to United Illuminating and its subsidiaries.