NEWS RELEASE

TOWN OF CHESHIRE

84 SOUTH MAIN STREET, CHESHIRE, CT 06410

FOR IMMEDIATE RELEASE                                                            

FOR INFORMATION CONTACT:    Sean M. Kimball, Town Manager            203.271.6600

                                                             Chris McCardle, Assessor                        203.271.6620

                                                             James Jaskot, Director of Finance            203.271.6610

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CHESHIRE: 

Town Manager Sean Kimball announced that the net Grand List for October 1, 2025, has been finalized in the amount of 4,141,473,727 which is an increase of 110,559,669 or 2.74% from the October 1, 2024 Grand List.

The change in the net Grand List is reflected in the following components: 

            Real Estate increased by 93,074,089 or 2.66%; 

            Business Personal Property increased by 2,005,338 or 0.91%;

            and Motor Vehicles increased by 15,480,242 or 4.94%.

“At 2.66%, the Grand List growth for real estate represents the highest percentage increase in over 30 years for non-revaluation years,” Kimball said.  “While this is positive news for Cheshire’s long-term financial stability, it is important to note that 83% of this real estate growth was driven solely by the Stone Bridge Crossing development, meaning that most of tax revenues from those properties will be captured in the Tax Increment Financing (TIF) district and not available to the general fund to support the budget until certain obligations are met and funds can be redirected by the Town Council.”  Kimball further noted that two of Cheshire’s Top 5 Taxpayers are now properties associated with Stone Bridge Crossing.

Property owners wishing to appeal their 2025 Grand List real estate, business personal property assessment or their 2024 supplemental motor vehicle assessment before the Board of Assessment Appeals must submit a written application to the Board on or before February 20, 2026.  These forms will be available on the website at www.cheshirect.gov and from the Assessor’s Office in the Town Hall at 84 South Main Street.  By state statute, an appeal can be heard ONLY if the request has been submitted on the prescribed form to the Cheshire Board of Assessment Appeals by February 20, 2026.

For more information on the assessment appeals process, the public should contact the Assessor’s Office at 203.271.6620.

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