Avon, Connecticut Property Taxes
The median property tax rate in Avon, CT is 3.54%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Avon, the typical annual property tax bill reaches $8,436, exceeding the national median of $2,690. Property taxes in Avon are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Avon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Avon or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Avon, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.54%
Estimate Property Tax Bill
$8,439
Ownwell’s Avon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Avon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Avon to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Avon, Connecticut
Property taxes in Avon, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Avon is 3.54%, significantly higher than the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Avon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Avon estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Avon's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06001 zip code has the highest median property tax rate of 3.54%, while the same zip code also has the lowest median tax rate of 3.54%. Understanding how these cities compare with Avon provides valuable insights into the varying tax landscape across Hartford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Avon Tax Rate
3.54%
Average Hartford County Tax Rate
3.54%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Avon, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06001 | 3.54% | 3.54% | 3.54% | 3.54% | 3.54% |
Source: Ownwell
Property Tax Assessment Values Across Avon, Connecticut
In Avon, Connecticut, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Hartford County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Avon, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median property tax bill in Avon is $8,436. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Avon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Avon Assessed Value
$238,380
Average Hartford County Assessed Value
$166,460
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Avon, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06001 | $125,000 | $172,090 | $238,380 | $332,850 | $470,926 |
Source: Ownwell
Property Tax Bills Across Avon, Connecticut
In Avon, located in Hartford County, CT, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Avon is $238,380. Homeowners in Avon can expect their tax bills to vary significantly, with the 25th percentile paying around $6,090 and the 75th percentile paying approximately $11,779. For those at the 90th percentile, the tax bill can reach up to $16,650. These amounts are influenced by several factors, including the local tax rate, which is higher than the national median property tax rate of 0.99%. The highest and lowest median tax bills in Avon both stand at $8,436, indicating a relatively consistent tax rate across different properties. This tax burden can significantly impact homeowners, affecting their monthly expenses and overall financial planning. Understanding these factors helps homeowners anticipate their yearly obligations and better manage their finances.
Average Avon Tax Bill
$8,436
Average Hartford County Tax Bill
$5,898
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Avon, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06001 | $4,218 | $6,090 | $8,436 | $11,779 | $16,650 |
Source: Ownwell