Community Corner
Durham's Grand List Grows by Less Than One Percent
Investment in equipment and machinery helps to keep town's tax base virtually flat.
Durham's grand list grew by three-quarters of a percent in 2012 led by a surge in personal property investment.
The taxable property in the town as of Oct. 1 was $737,958,996.
Find out what's happening in Durham-Middlefieldwith free, real-time updates from Patch.
The total figure, which is subject to adjustment by the board of assessment appeals, is about a $5.5 million increase over last year's final grand list amount of $732,454,211.
This spring, the board of finance will use the grand list to determine Durham's mill rate, which is currently 32.19.
Find out what's happening in Durham-Middlefieldwith free, real-time updates from Patch.
The largest increase in the grand list came in the assessment of personal property, which jumped by $3.18 million to $30,798,962, or an 11.5 percent increase. Real estate values on the other hand grew only modestly at 0.48 percent to $646,428,194.
Motor vehicle assessments in Durham climbed about one percent higher, to $60,731,840.
According to a report, Above and Beyond Equipment Rental accounted for 40 percent of the increase in the personal property total.
The Top 10 Taxpayers in Durham (based on assessment, not taxes paid):
1. Connecticut Light & Power $17,052,790
2. Hobson + Motzer Inc. $9,646,770
3. Durham Manufacturing Co. $5,474,540
4. Covidien LP $2,617,290
5. Stonegate Springs LLC $2,557,030
6. Tilcon Inc. $2,399,810
7. Durham Manufacturing Co. $2,173,220
8. Morgan Crucible $2,086,850
9. CSK Realty LLC $2,075,220
10. Dinatale Rentals $2,028,250
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.