March 1, 2018

Hartford's '17 grand list flat

The Hartford skyline.

The overall value of Hartford's residential and commercial property barely budged in 2017 from the previous year, the city's assessor says.

City Assessor John S. Philip said he tallied the value of the city's 2017 grand list at $4.078 billion, only slightly more than the $4.073 billion value of the city's 2016 grand list.

Philip said the city's residential assessments rose 5 percent across the board last year, due to provisions of a 2011 state law requiring the city, over time, to proportionately raise to 70 percent the assessment ratio on apartment buildings with four or more units.

However, Philip said that a number of successful assessment appeals brought by owners of commercial properties in the city offset much of the residential grand-list gain.

According to the assessor, utility operator Eversource remains the city's biggest commercial property owner, with properties having an assessed value of $178.7 million.

Free E-Newsletters

Sign up now for our daily and weekly
e-newsletters! Click Here

Today's Poll Should CT allow more commercial casino gaming?<>
Most Popular on Facebook
Copyright 2017 New England Business Media