March 4, 2025 - 15:37
Branford has experienced a remarkable surge in its grand list this year, reaching an impressive $5.7 billion, a substantial increase from last year's figure of $3.9 billion. This notable growth is primarily attributed to a recent revaluation of real estate properties in the area, which has led to higher property values being reflected in the grand list.
The revaluation process, a routine procedure conducted every five years, has played a crucial role in accurately assessing property values and ensuring that tax assessments align with current market conditions. As a result of the increased property values, the town is expected to benefit from enhanced revenue, which can be allocated towards various public services and infrastructure improvements.
Local officials are optimistic about the implications of this growth, as it not only reflects the health of the real estate market but also positions Branford for future development opportunities. The increase in the grand list is seen as a positive indicator of the town's economic vitality and attractiveness to potential residents and businesses alike.
