Friday, August 3, 2012

A taxing mistake

A story in Friday’s edition of the New Haven Register incorrectly reported that Yale University is the city’s top taxpayer. According to the city’s most recent 2011 grand list of taxable property  Top 10 Net Taxpayers list, (see chart below) United Illuminating Co. was the top taxpayer. The story also incorrectly characterized Yale’s payroll. The university pays $325 million in annual wages to New Haven residents who work there, representing 30 percent of Yale’s total workforce.




Taxpayer Name
 Real Net Assessment
 PP Net Assessment
 Total Taxable Assessment
UI
$                     7,721,840
 $                 185,584,671
 $               193,306,511
Winn-Stanley
161,129,665
38,164
161,167,829
Fusco
151,220,090
417,677
151,637,767
Yale
107,032,930
353,721
107,386,651
PSEG New Haven LLC
31,434,900
49,989,956
81,424,856
Carabetta
71,309,980
318,701
71,628,681
Chase Family Lp #9
57,432,900
633,106
58,066,006
Intercontinental Fund IV
45,467,520
0
45,467,520
SNET
37,812,040
6,880,915
44,692,955
IKEA
26,959,590
3,024,882
29,984,472

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