Greenwich assessor reports modest grand-list gain after vehicle-depreciation change; senior program forms due

The Town of Greenwich Board of Estimate and Taxation received the assessor’s April 2025 assessment report, which reflects adjustments after the Representative Town Meeting approved a local ordinance to change the motor-vehicle depreciation schedule.

The assessor told the BET the change raised the projected grand-list increase from about $270,000,000 to roughly $421,000,000 and noted the overall grand-list growth works out to about 1.16 percent. The assessor also said income-and-expense forms were mailed to commercial property owners who lease space; those forms are due back June 1. On senior tax relief, the assessor said the department has received about 23 applications so far and has approximately 85 still outstanding; the department is calling taxpayers and expects the senior-application period to close on May 15.

Why it matters: the grand list underpins the property-tax base and any upward revision affects revenue estimates for the town budget. Changes tied to depreciation schedules for motor vehicles are a function of local ordinance, and the assessor presented revised totals so the BET and town budget staff can use updated numbers.

Board action and questions: BET members asked about building-permit trends and the share of new construction that is tax-exempt versus taxable; the assessor said that percentage was not available at the meeting but she would find the data. The board accepted the assessor’s report by unanimous consent (12–0–0).