The bottom line on the town's Grand List of taxable property has dropped.
The Oct. 1, 2011 Grand List, which is used to determine e the revenue stream for the 2012-13 fiscal year budget, totals $1,738,521,694. That is down from the Oct. 2010 total of $1,910,783,339.
Here are comparative breakdowns from the current Grand List and the prior Grand List.
Oct. 2011
Total final taxable property - $1,738,521,694.
Real estate
• Total records - 9,868.
• Gross assessments - $1,494,436,330.
• Exemptions - $8,010,620.
• Net Assesments - $1,486,425,710.
Personal property
• Total records - 1,408.
• Gross assessments - $82,661,350.
• Exemptions - $8,866,920.
• Net Assesments - $73,794,430.
Motor vehicles
• Total records - 26,055.
• Gross assessments - $181,516,999.
• Exemptions - $3,215,445.
• Net Assesments - $178,521,694.
Oct. 2010
Revised
Total final taxable property - $1,910,783,339.
Real estate
• Total records - 9,890.
• Gross assessments - $1,682,243,480.
• Exemptions - $6,828,500.
• Net Assesments - $1,675,414,980.
Personal property
• Total records - 1,284.
• Gross assessments - $79,653,550.
• Exemptions - $7,360,320.
• Net Assesments - $72,293,230.
Motor vehicles
• Total records - 25,996.
• Gross assessments - $166,243,999.
• Exemptions - $3,168,870.
• Net Assesments - $163,075,129.
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