While the Farmington Grand List decreased slightly following this year’s real estate revaluation, the assessed value of the town’s largest taxpayer increased by about $20 million.
The 2011 list shows Farmington’s top 10 taxpayers assessed at $358,891,900 – or 9.58 percent of the town’s grand list. In contrast, the 2012 list totals $376,619,940 – 10.83 percent of the new list.
Most of the list’s growth was seen by its top taxpayer, West Farms Associates, the mall owner. The group grew from $102,294,840 to $122,853,690. In addition to the West Farms Associates, Nordstrom is assessed at $13 million; JC Penney at $10.8 million; Lord & Taylor at $6.6 million; Macy’s at $2.2 million and 118 mall stores have a combined assessed value of $15 million, bringing the mall’s total to $170.78 million or 4.91 percent of the town tax rolls.
The majority of the list’s components remained the same:
- West Farms Associates: $122,853,690
- United Technologies: $41,299,790
- Dunn-Sager Affiliates: $39,863,460
- CL&P: $34,408,140
- Trumpf Inc.: $33,792,740
- NSHE Columbia Hartford LLC: $22,822,970
- Delfino, William and Thomas: $22,255,000
- Fusco: $20,537,490
- The Price Rite Inc.: $20,196,840
- The Gables of Farmington: $18,589,920