The Town of Fairfield’s Tax Assessor announced today that the taxable Grand List, based on valuations as of October 1, 2018, certified on January 31, 2019, is $10,974,887,376. This amount represents an increase of $98,573,859 or 0.91% from the 2017 net list of $10,876,313,517. The list is the sum of all taxable property – real estate, motor vehicle, and personal property.
Motor vehicles and personal property are valued annually. Real estate is valued as of the last revaluation date of October 1, 2015, plus residential and commercial new construction and property improvements (building permits) over the past year.
The net 2017 Real Estate List of $10,058,837,085 increased by $82,794,260 or 0.82% to a net 10,141,631,345 for the October 1, 2018 list.
Fairfield’s net 2017 Motor Vehicle List of $519,927,160 increased by $2,945,375 or .57% to $522,872,535 for the October 1, 2018 list.
Fairfield’s net 2017 Personal Property List of $297,549,272 increased by $12,834,224 or 4.31% to $310,383,496 for the October 1, 2018 list. Personal Property is the furniture, fixtures, machinery and equipment owned by commercial enterprises. Last year’s gains were offset by the loss of GE which reduced the taxable value by $9,752,630.
Additionally, the “Top 10” taxpayer list can be viewed here.
The 2018 Net Grand List Assessment referenced above is preliminary and subject to change by the Board of Assessment Appeals. The final 2018 Net Grand List Assessment is anticipated to be completed and published by early April 2019.
For more information, please contact the Tax Assessor's Office at 203-256-3110.