Berlin, Connecticut Property Taxes
The median property tax rate in Berlin, CT is 2.96%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Berlin, the typical annual property tax bill reaches $6,571, exceeding the national median of $2,690. Property taxes in Berlin 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 Berlin'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 Berlin 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
Berlin, Connecticut Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
3.14%
Estimate Property Tax Bill
$6,280
Ownwell’s Berlin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Berlin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Berlin 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 Berlin, Connecticut
Property taxes in Berlin, Connecticut, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Berlin is 2.96%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Berlin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Berlin 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 Berlin's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06037 zip code has the highest median property tax rate of 2.96%, while the lowest median tax rate is also 2.96%. Understanding how these cities compare with Berlin 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 Berlin Tax Rate
2.96%
Average Hartford County Tax Rate
3.54%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Berlin, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06037 | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% |
Source: Ownwell
Property Tax Assessment Values Across Berlin, Connecticut
In Berlin, 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 Berlin, 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. 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 Berlin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Berlin is $222,300, with the highest and lowest median tax bills being $6,571 in zip code 06037.
Average Berlin Assessed Value
$222,300
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 Berlin, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06037 | $160,200 | $187,000 | $222,300 | $275,200 | $346,840 |
Source: Ownwell
Property Tax Bills Across Berlin, Connecticut
In Berlin, Hartford County, CT, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate, also known as the mill rate, is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $222,300, homeowners might expect varying tax bills depending on their property's assessed value and the specific mill rate applied. Various factors influence the tax bill, including property size, location, and any applicable exemptions. In Berlin, the tax bills can range significantly, with the 25th percentile paying around $5,530 and the 75th percentile reaching up to $8,135. The top 10% of tax bills can be as high as $10,252. This variability means that homeowners need to be aware of how changes in property value or local tax rates can impact their annual expenses. Compared to the national median property tax rate of 0.99%, Berlin's tax bills reflect the region's specific economic and policy factors, making it crucial for homeowners to stay informed about potential changes in property tax assessments.
Average Berlin Tax Bill
$6,571
Average Hartford County Tax Bill
$5,898
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Berlin, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06037 | $4,736 | $5,530 | $6,571 | $8,135 | $10,252 |
Source: Ownwell