FAIRFIELD – The town’s 2025 Grand List increased 53% compared to last year’s Grand List, reflecting the huge spike in homeowner property values due to the five-year property revaluation, according to the town assessor’s office.
The Grand List rose to $18.45 billion in 2025 vs. $12.03 billion in 2024. Most of the increase was due to the state-mandated property revaluation, which was the first since the end of the pandemic in 2021.
As everyone knows, residential property values nationwide have increased substantially while commercial property value increased at a slower pace since the end of Covid. In 2025 residential real estate rose about 60% and commercial real estate went up about 17% from 2024 in Fairfield. The total value of residential real estate was $15.42 billion and the total value of commercial real estate was $1.44 billion. There was $172.75 million in apartments, $109.87 million vacant land and $58.31 million in industrial.
The total real estate value was $17.22 billion in 2025 compared to $10.93 billion in 2024. The value of real estate for the elderly was $222.78 million.
The rest of the Grand List breaks down as follows:
- Personal property: $475.37 million
- Motor vehicle: $754.52 million
In 2024 the Grand List of $12.03 billion rose just about 0.25% compared to 2023’s $11.98 billion list.
The total number of exemptions to properties on the 2025 Grand List was $62.34 million. The Town of Fairfield also announced most veteran exemptions have doubled. As an example, the basic veteran exemption has gone from a $12,000 assessment reduction to $24,000, the town announced on its website.
The Top 10 property owners of 2025
| Owner | Assessed Value | No. | Type (R/P) |
| United Illuminating | $97,382,938 | 4 | R P |
| Connecticut Light & Power | $86,722,760 | 1 | P |
| Aquarion Water | $77,759,087 | 17 | R P |
| Southern Conn. Gas | $65,719,320 | 1 | P |
| Alto Fairfield LLC (Metro Center) | $46,643,030 | 1 | R |
| NNN Auto Owner VI LLC | $32,803,503 | 4 | R |
| Ta Kings Crossing LLC | $32,349,730 | 1 | R |
| 333 Unquowa Road LLC | $31,641,700 | 2 | R P |
| BRCD Holdings LLC | $29,087,110 | 2 | R P |
| May Fairfield CT LLC | $25,220,687 | 3 | R P |
| TOTAL | $525,329,865 | 36 |
