Grand list and top 10 taxpayers

NORTH CANAAN – The 2012 grand list of taxable property has been released by the assessor’s office. The net value (gross assessments minus exempt property) is $308,897,380.Real estate decreased by $35,744,360 (12.08 percent) for a total of $260,058,030.Personal property increased by $10,490 (.04 percent) for a total of $25,939,820.Motor vehicle assessments increased by $120,140 (.05 percent) for a total of $22,899,530.A total of $30,965,230 in property is tax exempt.The top 10 taxpayers are:1. Becton- Dickinson and Co., $16,147,6002. Specialty Minerals Inc., $15,489,6503. Canaan Developers LLC (Stop & Shop plaza), $5,616,1604. Connecticut Light & Power Co., $4,228,220.5. Riva Associates LLP (C.A. Lindell), $3,926,4806. North Canaan Apartments Association LTD (Station Place), $2,075,7507. Limestone Partners LLC (Mountainside Treatment Center), $1,987,5308. Mary Ann Apicella Hollihan, $1,807,3209. Laurelbrook Farm, $1,692,54010. Lone Oak Inc., $1,666,360What 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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