The value of real and personal property on the city of Hartford’s grand list rose 4 percent in 2009, reflecting the gradual phase-in of revaluation three years earlier, the city says.
Of the grand list value of $3.6 billion, real property accounts for more than $2.7 billion, a 6 percent increase from the previous year, according to the office of Mayor Eddie Perez.
Business personal property fell 0.62 percent, but the biggest drop was in the motor vehicle grand List, down 3.5 percent, the city said.
About half of the city’s grand list is comprised of assets, such as state-owned property, hospitals, colleges and universities, places of worship or nonprofit organizations, properties the city cannot tax.Â
Perez said that puts pressure on city council to “find new and innovative ways to position the city for future growth.”
Perez also renewed his call for property-tax reform to ease Hartford’s burden to come up with money to deliver city services to residents and businesses.
“Connecticut’s cities continue to struggle under the current property tax system. It is my hope that our State Legislators will tackle the issue of real property tax reform because our State is only as strong as its cities,” he said.
