The 2012 grand list of taxable property shows an increase of 0.23 percent, or $13.56 million, over the 2011 list for a total of $5.89 billion.
The assessed value of personal property in town increased the most - $4.53 million, or 2.8 percent, for a total of $168.33 million, according to a memo from Director of Assessments Joseph Dakers Sr. to Town Manager Ronald Van Winkle.
"This reflects new capital investment in business furniture, fixtures, equipment and utility company cables and conduit," Dakers wrote.
The value of real estate in town grew by $15.53 million, or 0.29 percent for a total assessed value of $5.32 million, according to the memo. Most of the increase is thanks to new construction, and two tax exempt properties being reclassified as taxable, Dakers said in the memo.
The motor vehicle list showed a 1.6 percent decrease over last year, dropping by $6.5 million to $402.21 million. The drop was caused by "the return of double digit depreciation," Dakers wrote.