NORWALK – The city’s 2024 Grand List fell 10% in 2024, or $1.8 billion, one year after the state-mandated five-year revaluation led to a 20% increase over the 2022 list.
The total net value of real estate, personal property and motor vehicles value was $16,172,149,299 in 2024 compared to $17,972,124,864 in 2023, according to the city assessor’s office. In 2024, the net value of real estate was $14,499,261,461 while the net value of personal property was $861,823,339 and motor vehicles was $811,064,499.
The Grand List was signed on Feb. 28, 2025 by tax assessor Paul Gorman and city clerk Irene Dixon after a short extension was granted.
The breakdown of the $16,487,047,842 in gross assessed real estate value was: residential ($11,686,524,746), commercial ($3,247,797,905), apartments ($1,121,928,880), industrial ($213,894,861), public utility ($38,509,740), and vacant land ($177,699,790).
The top real estate property owner was Norwalk Land Development LLC, owner of SoNo Collection mall, with an overall assessment of $203,410,540. The top personal property owner was Connecticut Light & Power Co. with $375,834,800.
Of the top 10 real estate properties, eight were apartment buildings as the city has seen a plethora of developments over the past years.
The top 10 real estate property owners were:
- Norwalk Land Development LLC (SoNo Collection) $203,410,540
- Merritt 7 Ventures LLC (Merritt 7) $150,497,130
- BW Waypointe LLC (The Waypointe in Norwalk) $118,943,141
- TB Norwalk Apartments LLC $96,864,010
- 35 Glover Borrower LLC (The Towers) $87,815,560
- 597 Westport Owner LLC (The Westport Apartments) $81,752,520
- RK Norwalk LLC 18% & (The Confluence at Norwalk) $69,380,070
- 150 Glover Avenue LLC (Norwalk at the Curb) $63,885,490
- 45 Glover Borrower LLC (The Towers) $61,589,400
- 170 Glover Avenue LLC (Norwalk at the Curb) $59,925,730
