Many towns experienced an increase in their grand list between 2013 and 2014 but the vast majority are still below where they were in 2008, according to an analysis of recently released data from the Office of Policy and Management.
Only 15 towns, including Stamford and Bridgeport, have rebounded from the Great Recession and seen an increase in the aggregate valuation of taxable properties.
The most recent grand list data for municipalities is from 2014, but more recent data from a different study, which looks only at home values, shows that a downward trend in that category might be continuing statewide.
Home values in all other states increased between 1 and 10 percent from 2015 to 2016, but Connecticut’s decreased by half a percent, according to a recently released report from CoreLogic. Connecticut was the only state in the country to show a valuation decline from 2015 to 2016.
Connecticut also was one of five states in the study furthest from peak home values – 20.1 percent below.
Connecticut’s exclusionary zoning has contributed to the reduced values, said Charles Patton, a senior policy analyst at Partnership for Strong Communities, which advocates for affordable housing.
“By providing diversity of housing stock, like affordable places to live, buying and selling of homes can happen more fluidly,” he said. “You can have people like Baby Boomers who want to downsize and spend less on housing by switching to a rental in their town while a newly growing family interested in moving can then buy that home.”