Newington, Connecticut Property Taxes
The median property tax rate in Newington, CT is 3.84%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Newington, the typical annual property tax bill reaches $5,540, exceeding the national median of $2,690. Property taxes in Newington 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 Newington'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 Newington 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
Newington, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.84%
Estimate Property Tax Bill
$5,546
Ownwell’s Newington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newington 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 Newington, Connecticut
Property taxes in Newington, Connecticut, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newington is 3.84%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Newington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newington 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 Newington's effective property tax rate to other areas in Connecticut and the national median. For comparison, the 06111 zip code has the highest median property tax rate of 3.84%, while the same zip code also has the lowest median tax rate of 3.84%. Understanding how these cities compare with Newington 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 Newington Tax Rate
3.84%
Average Hartford County Tax Rate
3.54%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newington, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06111 | 3.84% | 3.84% | 3.84% | 3.84% | 3.84% |
Source: Ownwell
Property Tax Assessment Values Across Newington, Connecticut
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Newington, Connecticut. 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 Newington, 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 home price in Newington is $144,420, with tax bills ranging from $4,763 at the 25th percentile to $7,975 at the 90th percentile. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Newington Assessed Value
$144,420
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 Newington, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06111 | $95,490 | $124,170 | $144,420 | $173,595 | $207,990 |
Source: Ownwell
Property Tax Bills Across Newington, Connecticut
In Newington, property tax bills are calculated based on the assessed value of a property, which is determined by the Hartford County Assessor's office. This assessed value is a percentage of the property's market value, and it forms the basis for the tax bill. The local tax rate, known as the mill rate, is then applied to this assessed value to calculate the final tax bill. Homeowners in Newington face a median property tax bill of $5,540, which is significantly higher than the national median of 0.99%. Factors such as property size, location, and market conditions can influence the assessed value, thereby affecting the tax bill. For instance, the tax bill at the 25th percentile is $4,763, while at the 75th percentile, it rises to $6,660, and at the 90th percentile, it reaches $7,975. These variations highlight how different factors can lead to significant differences in tax obligations for homeowners in Newington.
Average Newington Tax Bill
$5,540
Average Hartford County Tax Bill
$5,898
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Newington, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06111 | $3,663 | $4,763 | $5,540 | $6,660 | $7,975 |
Source: Ownwell