Danbury’s taxable grand list climbed 1.16 percent to $10.6 billion for 2025, marking a $121.6 million increase over last year. City officials say growth in real estate, motor vehicles and personal property is driving the jump, which is expected to generate roughly $3 million in additional tax revenue based on the current 24.99 mill rate. Assessed real estate topped $9 billion, while motor vehicle values rose by more than $25 million. Personal property saw the largest percentage gain, up more than 7 percent, reflecting continued business investment in the city.
Mayor Roberto Alves pointed to the growth alongside the city’s reaffirmed AA+ bond rating and recent $60 million bond sale as signs of stable finances. Danbury Mall LLC remains the city’s top taxpayer, followed by Connecticut Light and Power and several major commercial property holders.