2025 revaluation lifts Greenwich grand list about 26%; assessor reports appraisal metrics within state standards

The Assessor's office presented results of the 2025 property revaluation, saying the gross grand list rose to about $46.327 billion — an approximate 26% increase since 2021 — and that after an estimated $110 million in Board of Assessment Appeals (BAA) adjustments the net grand list is near $46.2 billion. Residential property, which represents roughly 82% of the grand list, increased by about 28.5%; condominiums rose roughly 35%; commercial property and apartments rose about 19% and 23%, respectively.

Assessor staff reported appraisal statistics consistent with state standards: coefficients of dispersion (COD) under 10 across residential and condominium districts and an assessment-to-sale ratio near 92% (within the 90–100% required range). The office described the appraisal process as combining physical rolling inspections with GIS, MLS and building-permit data and noted the revaluation cost approximately $810,000.

The transcript recorded that real-estate exemptions nearly doubled from $9.5 million to $18 million, largely driven by a new state statute exempting dwellings of 100% disabled veterans; elderly tax relief is administered as a credit (about $900,000 annually) with eligibility criteria described in the record. The Assessor noted there are five pending tax appeals; the BAA process concludes March 31, at which point the BET expects a clearer picture of grand-list reductions.

No formal vote occurred on the revaluation; the BAA timeline and potential court appeals were explained as affecting when settlements, if any, would be recorded.