SOUTHINGTON - Town Manager Mark Sciota and Town Council Chairman Chris Palmieri said the town has seen a 1.49 percent increase to its Grand List, representing an additional $1.8 million in tax revenue.
The list increased by about $59.6 million, to about $4.1 billion, from 2017 to Oct. 1, 2018.
“Southington is experiencing a significant expansion in commercial and industrial development,” said Sciota. “Although expected to be less significant, the effects of this growth will continue to be experienced over the next few years.”
Real estate values increased by about 1 percent, or $34.3 million, to about $3.4 billion.
“A portion of the increase can be directly attributed to new home construction and newly created subdivisions throughout town,” said Sciota. “More than 31 new residential parcels have been started or completed during the past year.”
Sciota said some of the more notable increases in commercial assessed value included Courtyard by Marriott, $4.4 million; Hartford HealthCare Medical, $1.4 million; Southington Business Park II, $1.05 million; and two new Dollar General stores, $1.1 million.
“Other significant commercial projects remain in the pipeline,” said Sciota. “The new Courtyard by Marriott hotel at 1081 West Street was only 65 percent complete as of Oct. 1. The same can be said for Mark Lovley’s new retail building next to the hotel at 1095 West Street. In addition, four of the seven Tridell Drive apartment buildings were under construction at only 50 percent complete. The remaining buildings had yet to be started. The new AAA building on Queen Street was only 70 percent complete as of October 1, not to mention significant construction underway at a couple of parcels on Industrial Drive.”
Personal property values were assessed at $235.8 million in 2018, up nearly 8 percent, or $34.3 million.
Sciota said the town has 2,100 businesses, with $6.9 million of the increase coming from from additional assets declared by Aldi, Stanley Black & Decker, Brunalli Construction Co., Supreme Forest Products, A. Duie Pyle and Yarde Metals.
“The growth in personal property assessments also goes hand-in-hand with new commercial real estate construction,” said Sciota. “There is also evidence of existing businesses investing in new furniture, fixtures and equipment.”
Sciota said that $2.66 million of the increase was the result of new businesses coming to town, including Chipotle Mexican Grill, Southington Orthodontics, Mission BBQ, Roche Diagnostics Corporation, Chick-fil-A, Go Health and Popeyes Louisiana Chicken.
“Businesses not yet open as of October 1, 2018, but to keep a lookout for the 2019 Grand List include AAA, Que Whiskey Bar and the Marriott on West Street,” said Sciota.
Motor vehicles were assessed at about $370 million in 2018, up 1.8 percent, or $6.5 million, over 2017. Sciota said that 78 percent of the motor vehicle Grand List consistst of vehicles for private, personal use. However, vehicles, mainly trucks, owned by A. Duie Pyle, F&F Concrete, Mohawk Northeast and Superior Inc. accounted for a total assessed value of nearly $7 million.
“When considering the drop off of approximately 1.5 percent or $6 million in assessment on last year’s Grand List, this year’s gain of more than $6.5 million in assessed value is noteworthy,” said Sciota. “Happily, there did not appear to be any pricing or town allocation errors on the motor vehicle grand list this year.”
In 2016, errors by the Department of Motor Vehicles made it appear that cars had been registered in the wrong towns, making it difficult for towns to assess this segment of the list.
Brian M. Johnson can be reached at 860-973-1806 or email@example.com.