Town Assessor Paul Friia announced today that he signed the October 1, 2025 Grand List as required by state statute.

The 2025 Grand List of $17,497,161,570 represents an increase of just over 50% from the 2024 Grand List of $11,616,471,195. The increase was due mainly to the 2025 revaluation of all real estate in Westport. Additionally, modest increases were noted in personal property and motor vehicles. 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 October 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. 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. 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. 

The current 2025 Grand List totals are: 

The Grand List will be used for fiscal year 2026-2027 town budget calculations. The above 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.

The following are the top 10 taxpayers in Westport:

Top 10 Taxpayers – 2025 Grand List                                             Assessment 

Connecticut Light & Power Inc            Pers. Property                     143,778,100
60 Nyala Farms Road LLC                    Real Estate                            95,954,500
Bedford Square Assoc LLC                  Real Estate                            51,583,400
Aquarion                                                 Real/Pers. Prop.                    43,204,450
Equity One Westport Vill. Center        Real Estate                             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. Property                         25,503,850