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Eversource reported to pay about $26 million in Springfield property taxes this fiscal year, assessors say
Summary
Springfield’s tax assessor told the March 25 committee that Eversource’s electric business paid about $17 million and its gas business about $9 million in fiscal 2025 property taxes; assessments are based on company asset filings and state Department of Revenue guidelines.
Patrick Greenhill, chair of the Springfield Board of Assessors, told the committee on March 25 that the city’s assessment vendor computes utility valuations from the asset reporting companies file on a form of list.
Greenhill said Eversource’s electric business paid approximately $17 million in fiscal 2025 property taxes and its gas business paid roughly $9 million, for a combined total near $26 million. He told councilors that the assessor’s office hires an outside valuation vendor to arrive at full and fair cash value from the company’s reported asset listings and that the city follows Department of Revenue guidelines for assessing utilities.
Why it matters: Councilors raised the figures during a broader discussion about municipal coordination with utilities and the fiscal relationship between the city and large utility companies. The assessor’s office emphasized that utilities are assessed under the same statutory standard applied to other taxpayers.
What officials said - Patrick Greenhill, chair, Board of Assessors: reported approximately $17 million (electric) and $9 million (gas) in FY25 taxes paid by the utility companies and described the assessment process using a form of list and an outside valuation vendor. - Councilors asked whether poles and other infrastructure are captured in that valuation; Greenhill said assets are valued as full and fair cash value per Department of Revenue guidance.
No vote was taken; the assessor’s office said it follows state guidance and will provide requested assessment details to councilors.
Ending: The assessor’s office committed to supplying additional documentation and said valuation follows Department of Revenue standards; councilors said they will use the information in upcoming budget and contract discussions.
