Longmeadow, Connecticut Property Taxes
The median property tax rate in Longmeadow, CT is 3.33%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Longmeadow, the typical annual property tax bill reaches $3,562, exceeding the national median of $2,690. Property taxes in Longmeadow 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 Longmeadow'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 Longmeadow 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
Longmeadow, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.33%
Estimate Property Tax Bill
$3,566
Ownwell’s Longmeadow Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Longmeadow with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Longmeadow 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 Longmeadow, Connecticut
Property taxes in Longmeadow, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Longmeadow is 3.33%, significantly higher than the U.S. national median of 0.99%. Local government entities within Longmeadow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Longmeadow 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 Longmeadow's effective property tax rate to other areas and the national median. For comparison, the zip code 01106 has the highest median property tax rate of 3.33%, while the same zip code also has the lowest median tax rate of 3.33%. Understanding how these areas compare with Longmeadow 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 Longmeadow Tax Rate
3.33%
Average Hartford County Tax Rate
3.54%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Longmeadow, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01106 | 3.33% | 3.33% | 3.33% | 3.33% | 3.33% |
Source: Ownwell
Property Tax Assessment Values Across Longmeadow, Connecticut
In Longmeadow, 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. 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 Longmeadow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Longmeadow are both $3,562, with the zip code 01106 representing these values.
Average Longmeadow Assessed Value
$107,100
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 Longmeadow, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01106 | $107,100 | $107,100 | $107,100 | $107,100 | $107,100 |
Source: Ownwell
Property Tax Bills Across Longmeadow, Connecticut
In Longmeadow, Hartford County, CT, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is typically a percentage of the market value of the property. For instance, if the median home price in Longmeadow is $107,100, the assessed value will be a fraction of this amount. The local tax rate, which in Hartford County results in a median tax bill of $3,562, is then applied to the assessed value to determine the final tax bill. Factors that influence the tax bill include the property's location, size, and any improvements or renovations made. The consistent median tax bill of $3,562 across various percentiles indicates a relatively uniform tax structure within the area. Homeowners in Longmeadow should be aware that these property taxes fund essential local services such as schools, public safety, and infrastructure maintenance. Compared to the national median property tax rate of 0.99%, Longmeadow's tax rates can be considered relatively high, affecting the overall cost of homeownership in the area.
Average Longmeadow Tax Bill
$3,562
Average Hartford County Tax Bill
$5,898
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Longmeadow, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01106 | $3,562 | $3,562 | $3,562 | $3,562 | $3,562 |
Source: Ownwell