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Ridgefield Grand List Tops $4.7 Billion

Ridgefield First Selectman Rudy Marconi announced that the town's grand list is now valued at $4,7 billion.
Ridgefield First Selectman Rudy Marconi announced that the town's grand list is now valued at $4,7 billion. Photo Credit: Contributed

RIDGEFIELD, Conn. – Ridgefield's grand list of taxable properties within the town's borders now tops $4.7 billion in value, First Selectman Rudy Marconi said, according to the Ridgefield Press.

The number, used to calculate the fiscal year's tax rate, grew by $28 million from 2015, the Press said.

The breakdown of value is $245.8 million for automobiles, $104.1 million in value for personal property, and $4.4 billion in local homes, reported the Ridgefield Press.

Revenue is expected to grow by just over $740,000 as a result of the rise in property value, reported the Ridgefield Press.

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