Town Assessor Mary Ellen Brown has reported that East Granby's taxable property grew by 2.9 percent in 2012.
The total taxable property in town was $590,729,896 in 2012, an increase of $17,034,120 from the year before.
According to First Selectman Jim Hayden, real estate increased minimally and motor vehicle values declined slightly. Most of the increase came from personal property, he said.
"2.9 percent is a good number," Hayden said. He attributed the increase to two main factors: CL&P's upgrade of transmission lines and investments in manufacturing businesses around the airport.
Granby's grand list value decreased by 10.58 percent in 2012, but that town went through a property revaluation last year. East Granby is due to have property revalued this year, Hayden said.
The state requires towns to revalue all real estate at least once every five years, and East Granby's last revaluation was in 2008.