Grand list and top 10 taxpayers

CORNWALL — The assessor’s office has released the grand list of taxable properties for 2012 assessments, which shows an overall drop of $72,050 or 0.018 percent.About 1,300 real estate properties total $371,220,630. That is a $483,400 or .13 percent increase. There were 123 tax-exempt properties totaling $27,578,600.Personal property, mostly business equipment, adds up to $8,450,970, a $206,940 or 2.5 percent increase.Motor vehicle values dropped by $46,480 or 5.3 percent to $13,641,150 for 1,827 vehicles.The total grand list is $393,312,750.Property is taxed at 70 percent of the assessment, multiplied by the mill rate the Board of Finance (BOF) sets following an approved budget. The new mill rate takes effect July 1, 2013.The top 10 taxpayers, most reflecting multiple and usually adjoining properties, are:1. C&D Farms LLC, $10,111,800 (no change over the previous year)2. Ivan and Samantha Lendl, $11,200,000 (down $2,622,600)3. FCCP LLC, $5,866,310 (down $480)4. Connecticut Light and Power Co., $5,381,690 (up $120,930)5. Roy Walzer, $3,059,540 (down $1,990)6. Push ’Em Up Farm LLC, $2,981,700 (up $11,200)7. 40 Cobble Hill Road LLC, $2,408,600 (up $2,400)8. Hamilton South, $2,305, 700 (no change)9. Joseph Saluti, $1,966,100 (no change)10. Longview Holdings LLC, $1,883,500. What is a mill?The mill rate determines property taxes in Connecticut towns. A mill represents $1 in tax for every $1,000 of assessed property value. A 15-mill tax rate would translate into a tax bill of $1,500 for the owner of a home assessed at $100,000. The grand list is the total assessed value of all taxable property in a town. Properties are assessed at 70 percent of their total value.

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