Wednesday, March 01, 2006

Greeenwich, CT - Incredible place...incredible price

I miss Greenwich. It's changed a lot since we left, but then again it's the same in many ways too. It's a beautiful place to live...Old Greenwich and Riverside especially.

Click here for some pics.

Real estate has gone through the roof!

From the Greenwich Time:
Real estate value rises to $33.1B
Greenwich has retained its perch at No. 1 in the state in assessed value of all real estate with a Grand List of $33.1 billion -- triple that of Stamford, the next highest.

Assessor Ted Gwartney signed the Grand List yesterday, a postscript to a year-and-a-half-long revaluation of all 21,160 real estate parcels in town that saw the sum of all taxable property jump from its previous high of $20.4 billion...

...In Greenwich, commercial property assessments doubled from $2 billion to $4.2 billion following the 2005 revaluation, the first in five years. Assessments equal 70 percent of a property's fair market value.

Residential property assessments increased 59 percent from $16.6 billion to $26.4 billion, which Gwartney said helped to make the town the envy of assessors from other communities.

"They're astounded with the high price of housing and the high total of the Grand List for the number of parcels we have," Gwartney said.

The town is expected to collect about $231 million in property taxes this fiscal year, which officials said accounts for about 78 percent of municipal revenues.

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