WESTPORT–The value of all taxable property in Westport soared more than 50 percent over the past year, due mainly to the 2025 townwide revaluation, but also with increases due to construction and purchases of business equipment and new cars, trucks and SUVs, Town Assessor Paul Friia has announced.

The valuation rose to $17,497,161,570 in 2025. That’s an increase of almost $5.9 billion over the 2024 valuation of $11,616,471,195, according to Friia.

“This year’s overall increase is an indication that Westport continues to remain a community of great interest to businesses and new residents,” Friia said. 

Friia officially affirmed the amount when he signed the Oct. 1, 2025 Grand List, the sum of the assessed value of all taxable property, including real estate, personal property and motor vehicles.

New construction and renovation – both residential and commercial – drove a 1.2 percent increase in real estate assessment, Friia said. The taxable value of all motor vehicles rose 6 percent. Personal property, which is equipment, computers and other items purchased for businesses, increased by a little more than 1 percent.

Within the real estate grand list – which comprises 95 percent of the property value – residential properties increased 60 percent and commercial properties increased 16 percent. Those market-driven increases began in mid-2020 during the COVID-19 pandemic.