Business
Darien’s Grand List Up 1%, But Assessments on Businesses Down
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Residential property increased slightly in value but property assessments were down for town businesses in 2015, according to figures in Darien’s Grand List of tax-assessed properties, which rose a total of 1 percent in the year leading up to Oct. 1, 2015. Commercial real estate was assessed at a quarter of 1 percent below the previous year’s value, and personal property — essentially non-real estate business property that can be taxed — fell by 2.4 percent from Oct. 1 2014 to the same date in 2015. Zotos International, a beauty products company with offices at 100 Tokeneke Road, was assessed for personal property taxes in 2015 close to half of what it had been assessed in the previous year — $3,331,734, down $2,681,728 from the previous year, a drop of 45 percent (it had been assessed at $6,013,462).