SHELBY P. JACKSON Ill, CC,iV1A II ASSESSOR
DEPARTMENT OF FINANCE ASSESSING DIVISION 45 SOUTH MAIN STREET WALLINGFORD, CONNECTICUT 06492 TELEPHONE (203) 294-2001 FA;( (203) 294-2003
MEMORANDUM Date:
February 2,2009
To:
James M. Bowes, Comptroller
cc:
File
From:
Shelby P. Jackson III,
RE:
~OOG~d~
rf
Assessor/~~ V
I am pleased to report that the compilaton of the 2008 Grand List is complete. I perfected the Abstract of Assessments according to law, and filed it with the Office of the Town Clerk on Friday - January 30,2009. The Grand List books are in the process of being printed and will SOOI1 be available for public inspection in the assessing office. During the interim, Grand List information can be generated from our computer system. The overall growth of the Wallingford Grand List this year is a modest 1.02 percent increase. The net taxable Grand List increased by $43,467,910, to a total of $4,305,383,960. Two categories of the Grand List have increased - Real Estate by .98 percent, and Personal Pro~erty (Business Equipment) by 6.60 percent. The Motor Vehicle Grand List is down by 4.31 percent despite the fact that we have 101 more vehicles this year. I attribute this to the economic principle of "supply ane! demand". There is an over-supply of new and used vehicles in the marketplace and demand is soft. This puts downward pressure on vehicle values - as evidenced by the decline in the Motor Vehicle Grand List. The Connecticut Light arid Power project to install a new.electrical sub-station and upgrade high voltage transmission lines was completed this year and represents an addition of $35,740,650 to the net taxable Personal Property Grand List. It should be noted that without the increase attributable to C L & P, the Personal Property Grand List would have posted a decline as well. . The Real ,Estate Grand List is up by only $35,471,552 for 2008 as compared to an increase of almost $52,000,000 last year. Attacheci to this memo are severa: exhibits that illustrate in some detail, the composition of the Wallingford Grand List as of October 1, 2008, and the changes that have occurred during the past year. After your review, please let me know 'it you require anything additional. ' Tha!1k you for the opportunity to be of service.
ABSTRACT OF ASSESSMENTS TOWN OF WALLINGFORD,
CONNECTICUT: ON THE FIRST DAY OF OCTOBER A.D. 2008
TOTAL GROSS GRAND LIST OCTOBER 1, 2008
REAL ESTATE
EXEMPTIONS TO GRAND LIST
NET TAXABLE GRAND LIST OCTOBER 1,2008
$3,690,669,973
$18,945,098
$3,671,724,875
PERSONAL PROPERTY
$444,787,441
$103,400,664
$341,386,777
MOTOR VEHICLE
$296,630,491
$4,358,183
$292,272,308
$4,432,087,905
' $126,703,945
$4,305,383,960
-GRAND TOTAL
TAX EXEMPT REAL EST ATE
$5'19,272,840
I, Shelby p, Jackson III, Assessor for the Town of Wallingford, do solemnly swear that I verily believe all the lists and abstracts of said Town for the year 2008 are made up and perfected according to law.
STATE OF CONNECTICUT)
)
S S WALLINGFORD
J,- ~ . . . .;)...t;)b j
COUNTY OF NEW HAVEN)
Persona!ly appeared, Shelby P. Jackson III, signer and sealer of the foregoing, acknowledges the same to be his free act and deed, and certifies the foregoing is true and correct to the best of his knowledge and belief. -
,
Barbara A. Kapi Town Clerk
GRAND LIST COMPARISON - 2008 TO 2007 GRAND LISTS
2008 GRAND LIST (FROM ABSTRACT REPORT) GROSS
ยฃ.XEMPTIONS
NET
2007 GRAND LIST (FROM M-13) GROSS
EXEMPTIONS
NET
DlFFEF:ENCE GROSS
EXEMPTIONS
NET
REAL ESTATE
$3,690,669,973
$18,945,098
$3,671,724,875
$3,657,776,233
$21,522,910
$3,636,253,323
$32,893,740
-$2,:577 ,812
$35,471,552
MOTOR VEHICLES
$296,630,491
$4,358,183
$292,272,308
$310,102,993
$4,679,923
$305,423,070
-$13;472,502
. -$'321,740
-$13,150,762
SONAL PROPERTY
$444,787,441
$103,400..&\l.1
$341,386.1ll
~7,436,323
$87,196,666
$320,239,657
lli,351,118
i!ยง.;~03,99(l
$21,147,120
TOTALS:
$4.432,087,905
$126,703,945
$4,305,383,960
$4,375,315,549
$113,399,499
$4,261,916,050
$56,772,356
$13,:104,446
$43,467,910
EXHIBIT 1
'99:16 AM
1/29/20099:26 AM
2007 NIElr GRAND LIST AFTER THE BC'ARD OF t\SSESSMENT APPEALS
r~ESIDENTIAL
13.8~1%
7.17%
PERSONAL PROPERTY 7.51%
6.39'X, 足
-
D RESIDENTiAL II COMMERCIAL o PERSONAL PROPERTY II MOTOR VEHICLES
o INDUSTRIAL
'i/29/20099:25 AM
2008 NET GRAND LIST
RESIDENTIAL 64,76%
13.92%
6.79%
PERSONAL PROPERTY 7.93%
rEI RESIDENTIAL II COMMERCIAL o PERSONAL PROPERTY. MOTOR VEHICLES EXHIBIT 3
6.45%
O-INDUSTRIAL
2008 NET GRAND LIST GROVVTH
BAA 2007
DIFFERENCE
REAL ESTATE
$3,671,7'24,875
$3,636,253,323
$35,471,552
0.98%
MOTOR VEHICLES
$292,272,308
$305,423,070
-$13,150,762
-4.31%
PERSONAL PROPERTY
$341,386,777
$320.239,657
TOTAL:
$4,305,383,960
MANUFACTURERS PIP EXEMPTION ADDITIONAL ASSETS (PA 06-83) NEW 2006 (PARTIAL Rl=IMBURSEMENT BY STATE)
1/29/2008919 AM
CHANGE
2008
~21
%
,147,120
6.60%
$4,261,916,050
$43,467,910
1.02%
2008
2007
DIFFERENCE
% CHANGE
$73,983,640 $28,460,304 $102,443,944
$70,154,390 $16,172,696 $86,327,086
$3,829,250 ~ 12,287 ,608
5.46% 75.98% 18.67%
EXHIBIT 4
$16,116,858
NET GRAND LIST COMPARISONS
!;RAND LIST YEP.R BAA BAA BAA BAA BAA BAA BAA BAA BAA BAA BAA BAA BAA BAA 路I3AA BAA BAA
-1/29/20099:20 AM
1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
NET REALESTATE GROWTH
NET PERSONAL
$1,728,494,800 $1,733,299,700 $1,671,726,300 $1,830,672,100 $1,855,959,500 $1,894,380,200 $1,918,206,000 $1,973,416,300 $2,028,397,995 $2,034,150,980 $2,433,067,080 $2,467,720,480 $2,496,720,210 $2,527,244,310 $3,541,487,768 $3,585,863,013 $3,636,253,323 $3,671,724,875
$163,073,060 $151,377,372 $139,816,270 $136,640,361 $147,565,499 $168,133,023 $183,926,743 $180,899,420 $191,152,822 $201,334,981 $274,217,197 $293,392,018 $301,593,867 $313,993,307 $313,883,695 $284,582,596 $320,239,657 $341,386,777
90.33% 0.28% -3.55% 9.51% 1.38% 2.07% 1.26% 2.88% 2.79% 0.28% 19.61% 1.42% 1.18% 1.22% 40.13% 1.25% 1.41% 0.98%
NET GROWTH MOTOR VEHICLES GROWTH 3.93% -7.17% -7.64% -2.27% 8.00% 13.94% 9.39% -1.65% 5.67% 5.33% 36.20% 6.99% 2.80% 4.11% -0.03% -9.34% 12.53% 6.60%
EXHIBIT 5
$117,326,730 $130,261,835 $147,553,560 $165,810,250 $187,722,780 $194,011,750 $198,791,280 $211,827,240 $231,954,201 $248,068,593 $25'1,822,782 $260,158,529 $255,897,422 $279,296,~18
$292,848,499 $297,694,346 $305,423,070 $292,272,308
-3.01% '11.02% '13.27% 12.37% 13.22% 3.35% 2.46% 6.56% 9.50% 6.95% 1.51% 3.31% -1.64% 9.14% 4.85% 1.65% 2.60% -4.31 %
TOTAL NET GRAND LIST $2,008,894,590 $2,014,938,907 $2,059,096,130 $2,133,122,711 $2,191,247,779 $2,256,524,973 $2,300,924,023 $2,366,142,960 $2,439,438,118 $2,483,554,554 $2,959,107,059 $3,021,271,027 $3,054,211,499 $3,120,534,135 $4,148,219,962 $4,168,139,955 $4,261,916,050 $4,305,38~,960
.
GROWTH 69.38% 0.30% 2.19% 3.60% 2.72% 2.98% 1.97% 2.83% 3.10% 1.81% 19.15% 2.10% 1.09% 2.17% 32.93% 0.48% 2.25% 1.02%
TAXABLE GRAND LIST HISTORY 1991 - 2008 GROSS RESIDENTIAL
BTR BTR
BIR IHR
BAA BAA BAA BAA BAA BAA BAA BAA BAA
BAA BAA BAA BAA
1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
$1,200,561,100 $1,211,793,100 $1,225,399,800 $1,248,498,200 $1,267.045,700 $1,2(\8,661,500 $1,305,864,800 $1,331,932,300 $1,376,460,258 $1,399,178,343 $1,773,084,256 $1,7fl4,437,680 $1,820,040,110 $1,845,644,110 $2,737,815,080 $2,769,255,883 $2,793,285,963 $2,807,176,683
GROSS COMMERCIAL
$366,141,500 $363,696,000 $362,556,400 $361,864,900 $370,547,000 $384,791,700 $390,686,000 $413,509,300 $410,280,078 $415,625,394 $471,040,092 $474,292,100 $473,707,400 $478,527,700 $575,052,486 $584,787,510 $592,032,610 $605,649,130
GROSS INDUSTRIAL
$173,749,200 $170,011,700 $195,753,400 $232,570,300 $230,919,600 $233,380,300 $234,078,100 $240,291,100 $241,657,659 $231,255,643 $199,977,632 $210,366,100 $216,205,600 $216,502,900 $245,382,572 $253,301,040 $272,457,660 $277,1144,160
GROSS PERSONAL
$180,945,350 $180,364,782 $178,571,163 $182,751,701 $194,387,439 $224,521,063 $252,483,913 $256,508,900 $275,311,313 $300,327,661 $39<584,217 $393,007,768 $395,442,907 $399,618,805 $386,096,425 $363,039,086 $407,436,323 $444,787,441
GROSS MOTOR VEHICLES
$119,089,770 $132,058,290 $149,393,120 $167,453,480 $189,401,010 $195,750,860 $200,693,480 $214,051,750 $234,657,877 $250,630,342 $254,998,083 $263,357,179 $259,163,875 $283,482,901 $297,365,448 $301,852,583 $310,102,993 $296,630,491
TOTAL GROSS GRANDUST
$2,040,486,920 $2,057,923,872 $2,111,673,883 $2,193,138,581 $2,252,300,749 $2,327,105,423 $2,383,806,293 $2,456,293,35.0 $2,538,367,185 $2,597,017,383 $3,091,484,280 $3,135,460,827 $3,164,559,892 $3,223,776,416 $4,241,712,011 $4,272,236,102 $4,375,315,549 $4,432,087,905
EXHIBIT 6 1129120099:23 AM
NET RESIDENTIAL
$1,188,604,100 $1,199,592,000 $1,213,416,500 $1,236,236,900 $1,254,492,900 $1,276,208,200 $1,293,441,900 $1,319,615,900 $1,364,393,358 $1,387,269,943 $1,761,249,356 $1,783,062,280 $1,809,015,210 $1,832,213,710 $2,721,052,710 $2,747,774,463 $2,771,763,053 $2,788,231,585
NET COMMERCIAL
$366,141,500 $363,696,000 $362,556,400 $361,864,900 $370,547,000 $384,791,700 $390,686,000 $413,509,300 $410,280,078 $415,625,394 $471,840,092 $474,292,100 $473,707,400 $478,527,700 $575,052,486 $584,787,510 $592,032,610 $605,649,130
NET INDUSTRIAL
$173,i49,200 $170,011,700 $195,753,400 $232,570,300 $230,919,600 $233,380,300 $234,078,100 $240,;:91,100 $241,657,659 $231,255,643 $199,977,632 $210,366,100 ,$216,205,600 $216,502,900 $245,?,82,572 $253,;':01,040 $272,~57,660
$277,(:44,160
NET PERSONAL
$163,073,060 $151,377,372 $139,816,270 $136,640,361 $147,565,499 $168,133,023 $183,926,743 $180,899,420 $191,152,822 $201,334,981 $274,217,197 $293,392,018 $301,593,867 $313,993,307 $313,883,695 $284,582,596 $320,239,657 $341,386,777
NET MOTOR VEHICLES
$117,326,730 $130,261,835 $147,553,560 $165,810,250 _ $187,722,780 $194,011,750 $198,791,280
TOTAL NET GRAND LIS
$2,008,894,~
$2,014,931l,[ $2,059,096,1 $2,133,122,7 $?,191,<47,'i $2,256,524,9 $2,300,924,0 $211,827,24G $2,366,142,9 $231,954,201 $2,439,438,1 $248,068,593 $2,483,554,5 $251,822,782 $2,959,107,0 $260,158,529 - $3,021,271,0 $255,897,422 $3,056,419,4' $279,296,518 $3,120,534,1: $292,848,499 $4,148,219,91 $4,168,139,9, $297,694,346 $305,423,070 $4,261,916,0, $292,272,308 $4,305,383,9!
I
TOWN OF WALLINGFORD FIFTEEN LARGEST TAXPAYERS OCTOBER 1, 2008, GRAND LIST
,
REAL ESTATE
PERSONAL
TOTAL
$110,669,230
$21,030,526
$131,699,756
2 CONNECTICUT LIGHT & POWER CO THE
$2,557,590
$61,526,720
, $64,084,310
3 PPL WALLINGFORD LEASINGfPPL WALLINGFORD ENERGY LLC
$3,118,920
$41,211,930
$44,330,850
4 CELLCO PARTNERSHIPNERIZON WIRELESS
$5,745,880
$22,538,910
$28,284,790
5 MASONIC HEALTHC.A.RE CENTER
$21,607,040
$965,490
$22,572,530
6 BLUE DOG PROPERTIES TRUST (9 PARCELS)
$22,376,410
$0
$22,376,410
$20,151,880
$0
$20,151,880
$14,118,720
$2,432,960
$16,551,680
$14,350,000
$1,543,750
$15,893,750
$0
$15,355,250
$15,355,250
$7,883,270
$6,989,226
$14,872,496
$12,627,580
$1,813,380
$14,440,960
13 NEW ENGLAND EXPEDITION-WALLINGFORD LLC (SHAW SIS EARSIPETCO)
$11,199,090
$2,025,140
$13,224,230
14 L+L WALLINGFORD LLC (REAL ESTATE) SJ's WHOLESALE CLUB (pERSONAL PROPERTY)
$10,842,510
$2,342,990
$13,185,500
15 HOME DEPOT USA INC HOME DEPOT USA INC (PERSONAL PROPERTY)
$11,172,630
$1,157,960
$12,330,590
$246,405,610
$177 ,433,282
$423,838,892
.TAXPAYER 1 BRISTOL-MYERS SQUIBB CO
7 WORKSTAGE-CONNECTICUT
~LC
8 INFINITY ROUTE 5 LIMITED PARTNERSHIP (LOWES) LOWES HOME CENTERS INC (PERSONAL PROPERTY)
9
WAL MART REAL ESTATE BUSINESS TRUST (REAL ESTATE) WAL MART STORES EAST LP (PERSONAL PROPERTY)
10 SSC INTERNET SERVICES 11 CYTEC INDUSTRIES INC
12
WALLINGFORD SHOPPING CENTER ASSOC INC (STOP&SHOP) STOP & SHOP COMPANIES INC (PERSONAL PROPERTY)
TOTALS:
•
% OF TOTAL NET GL =
I
TOWN OF WALLINGFORD FIFTEEN LARGEST TAXPA,(ERS OCTOBER 1, 2001 GRAND LIST
,
TAXPAYER BRISTOL-MYERS SQUIBB CO
REAL ESTATE
PERSONAL
$107,124,620
$24,953,772
$132,078,392 $44,876,240
2
PPL WALLINGFORD LEASINGfPPL WALLINGFORD ENERGY LLC
$3,118,920
• $41,757,320
3
CELLCO PARTNERSHIPNERIZON WIRELESS
$5,745,880
$22,699,540
$28,445,420
4
CONNECTICUT LIGHT & POWER CO THE
$2,557,590
$25,786,070
$28,343,660
5
BLUE DOG PROPERTIES TRUST (9 PARCELS)
$22,376,410
$0
$22,376,410
6
WORKSTAGE-CONNECTICUT LlC
$20,151,880
$0
$20,151,880
7
CYTEC INDUSTRIES INC
$7,883,270
$10,097,920
$17,981,190
8
MASONIC HEAL THCARE CENTER
$17,263,190
$374,120
$17,637,310
9
WAl MART REAL ESTATE BUSINESS TRUST (REAL ESTATE) WAL MART STORES EAST lP (PERSONAL PROPERTY)
$15,539,650
$1,845,690
$17,385,340
$14,127,540
$2,571,770
$16,699,310
$0
$16,098.000
$16,098,000
12 L+L WALLINGFORD LLC (REAL ESTATE) BJ's WHOLESALE CLUB (PERSONAL PROPERTY)
$11,349,170
$2,484,680
$13,833,850
13 NEW ENGLAND EXPEDITION-WALLINGFORD LLC (SHAWSfSEARSfPETCO)
$11,199,090
$1,325,600
$12,524,690
14 HOME DEPOT USA INC HOME DEPOT USA INC (PERSONAL PROPERTY)
$11,090,730
$1,025,690
$12,116,420
$9,644,880
$2,064,800
$11,709,680
$259,172,820
$153,084,972
$412,257,792
1
10 INFINITY ROUTE 5 LIMITED PARTNERSHIP (LOWES) LOWES HOME CENTERS INC (PERSONAL PROPERTY) 11 SBC INTERNET SERVICES
15 WALLINGFORD SHOPPING CENTER ASSOC INC (STOP&SHOP) STOP & SHOP COMPANIES INC (PERSONAL PROPERTY)
TOTALS:
% OF TOTAL NET GL