WILTON – The town’s Grand List rose nearly 2% in 2025 for a total of $5.88 billion in net assessment compared to last year’s $5.78 billion in net assessments, according to the town’s Manager of Assessing & Tax Collection Hollie Rapp.
The increase was $104.62 million, or 1.81% with real estate making up $5.28 billion of the net assessment total. The real estate gross assessment was $5.71 billion and there were $432.04 million in exemptions. The net assessment of real estate assessed value increased 1.42%, or $73.83 million in 2025. In 2024, the real estate net assessment was $5.20 billion.
The net assessment for personal property in 2025 of $346.08 million increased 4.55%, or $15.07 million, over 2024’s net assessment value of $331.01 million. The gross assessment in 2025 was $588.92 million and there was $242.85 million in exemptions.
The net assessment for motor vehicles in 2025 was $260.26 million, a 6.43% increase, or $15.72 million, over 2024’s assessments. The gross assessment in 2025 was $260.68 million compared to $244.55 million in 2024.
First Selectman Toni Boucher saw the Grand List increase – the second straight year – as sign a sign of good economic news for the town.
“A strong increase in a municipality’s overall Grand List is often good news for property tax payers, because when all boats rise, an individual’s property taxes will only increase if their property’s value surpasses that of the Grand List,” Boucher said.
“This critically important news arrives just as budget negotiations are underway for fiscal year ’27. Knowing the 2027 Grand List value should help the Board of Finance reduce the tax rates that may result from this year’s budget cycle.”
