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Preston ― One year after a property revaluation, the town grand list showed an overall increase of 4.3%, with a spike in personal property values more than making up for a drop in motor vehicle values. ....
Published February 09. 2021 3:32PM | Updated February 09. 2021 4:47PM Preston The town saw an overall 2.8% increase in the grand list of taxable property over the past year, fueled by a strong jump in motor vehicle values, new housing and a flurry of home improvements, Assessor Mildred Perringer said. The overall net grand list, with exempt properties removed, for combined real estate, motor vehicle and personal property values totaled $456,382,702 as of Oct. 1, 2020, a $12.4 million increase over the total from 2019. Real estate values totaled $376,433,980, up by $7.57 million, a 2% increase. Perringer attributed the increase to one new subdivision and new construction townwide, helped by favorable interest rates. ....