WESTPORT – Due to the five-year property revaluation, the town’s 2025 Grand List increased more than 50% over the 2024 list, according to Town Assessor Paul Friia.
For 2025 the Grand List came in at $17,497,161,570 compared to the 2024 Grand List of $11,616,471,195. Additionally, modest increases were noted in personal property and motor vehicles.
The hot real estate market since the end of the 2020-2021 pandemic is the primary reason for the large increase. Within the real estate Grand List, residential properties increased 60% and commercial properties increased 16%. These market-driven increases began in mid-2020 during COVID-19. Another nearby town that had a similar increase is Fairfield, which saw a more than 60% increase in residential property value and a 17% increase in commercial property values.
The Grand List is the sum of the net assessed value of all taxable property – real estate, motor vehicles, and personal property. Motor vehicles and personal property are valued annually, while real estate is updated based on the market values determined as of the town’s Oct. 1, 2025 revaluation.
Included in the overall increase is a 1.2% increase in real estate assessment due to continued residential and commercial new construction as well as renovation activity that occurred within the last assessment year. Personal Property increased by just over 1%, suggesting a typical continued reinvestment in new and existing local businesses to include equipment and leasehold improvements. Motor Vehicles increased approximately 6%.
This year’s overall increase is an indication that Westport continues to remain a community of great interest to businesses and new residents, Friia said.
The current 2025 Grand List totals are:
| Assessment | 2025 | % of List |
| Real Estate | $16,633,912,370 | 95.06 |
| Motor Vehicle | $453,397,460 | 2.60 |
| Personal Property | $409,851,740 | 2.34 |
| TOTAL | $17,497,161,570 | 100% |
The Grand List will be used for fiscal year 2026-2027 town budget calculations. The figures are subject to change based on the outcome of the Board of Assessment Appeal hearings in March and further changes due to corrections or lawsuits.
Top 10 taxpayers – 2025 Grand List
| Property Owners | Type of Property | Assessment |
| Connecticut Light & Power | Pers. Prop. | Â $143,778,100 |
| 60 Nyala Farms Road LLC | Real Estate | $95,954,500 |
| Bedford Square Assoc LLC | Real Estate | Â $51,583,400 |
| Aquarion | Real Estate/Pers. Prop. | $43,204,450 |
| Equity One Westport Vill. Center | Real Estate | Â $36,294,500 |
| Compo Regency LLC | Real Estate | $28,372,700 |
| Heyman Ronnie F Trustee | Real Estate | $26,880,700 |
| Byelas LLC | Real Estate | $26,504,400 |
| Westport Riverside Assoc. LLC | Real Estate | $25,763,900 |
| Bridgewater Associates LP | Pers. Prop. | $25,503,850 |
