BRIDGEPORT – Due to the five-year real estate property revaluation, the city’s Grand List rose a whopping 61%, or $4.93 billion, in 2025 to $12.96 billion from $8.03 billion in 2024, according to city property records.
The total taxable net value of properties are broken down as follows:
- Real estate: $11.07 billion
- Personal property: $1.12 billion
- Motor vehicles: $768.64 million
Real estate
The gross assessment for real estate in 2025 was $11.10 billion, which was 79% higher than the $6.2 billion in value for 2024. Real estate value by category is:
- Residential: $7.6 billion
- Commercial: $1.35 billion
- Industrial: $611.73 million
- Public utility: $412.6 million
- Vacant: $161.9 million
- Apartments: $944.68 million
Personal property
The gross assessment for personal property in 2025 was $1.22 billion, which was down slightly from 2024 when it was $1.28 billion. Personal property value by category is:
- Industrial mechanical and electrical services (M&E): $173.92 million
- Manufacturing M&E: $55.9 million
- Cables/conduits/etc.: $624.67 million
Tax exemptions
There was a total of $140.56 million in tax exemptions as part of the 2025 Grand List. That includes 1,967 exemptions for $26.79 million in real estate, 241 exemptions for $90.75 million in personal property, and 477 exemptions for $9.62 million in motor vehicles.
