The Grand List, which compiles the town's total assessed value of real estate and personal property along with all vehicles, is now valued at just over $8.22 billion, the New Canaan Advertiser said.
That's a 1 percent increase from 2014's $8.13 billion valuation and could lead to the town being able to pay off debt, start new programs or reduce any tax bills, reported the New Canaan Advertiser.
First Selectman Rob Mallozzi III had received projections of under one percent growth, calling the surprise increase "very positive," noted the New Canaan Advertiser.
Click here to read the New Canaan Advertiser article.
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