Plantsville, Connecticut Property Taxes
The median property tax rate in Plantsville, CT is 3.04%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Plantsville, the typical annual property tax bill reaches $5,229, exceeding the national median of $2,690. Property taxes in Plantsville 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 Plantsville'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 Plantsville 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
Plantsville, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.04%
Estimate Property Tax Bill
$5,236
Ownwell’s Plantsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plantsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plantsville 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 Plantsville, Connecticut
Property taxes in Plantsville, Connecticut, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plantsville is 3.04%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Plantsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plantsville 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 Plantsville's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06479 zip code has both the highest and lowest median property tax rate at 3.04%. Understanding how these areas compare with Plantsville 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 Plantsville Tax Rate
3.04%
Average Hartford County Tax Rate
3.54%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plantsville, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06479 | 3.04% | 3.04% | 3.04% | 3.04% | 3.04% |
Source: Ownwell
Property Tax Assessment Values Across Plantsville, Connecticut
In Plantsville, 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 Plantsville, 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 Plantsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in zip code 06479 are both $5,229.
Property Tax Assessment Values Across Plantsville, Connecticut
Source: Ownwell
$24,328
$180,489
$336,650
Average Plantsville Assessed Value
$172,230
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 Plantsville, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06479 | $111,800 | $138,200 | $172,230 | $216,440 | $266,408 |
Source: Ownwell
Property Tax Bills Across Plantsville, Connecticut
In Plantsville, Hartford County, CT, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate, or mill rate, is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax amount, including property location, size, and condition. For instance, the median home price in Plantsville is $172,230. Homeowners in the 25th percentile can expect a tax bill around $4,196, while those in the 75th percentile may see a bill closer to $6,569. The highest median tax bill recorded is $5,229 in the 06479 zip code, which is significantly higher than the national median property tax rate of 0.99%. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting homeowners by influencing their monthly budget and overall cost of living. Understanding these factors can help homeowners better anticipate their financial obligations.
Average Plantsville Tax Bill
$5,229
Average Hartford County Tax Bill
$5,898
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Plantsville, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06479 | $3,394 | $4,196 | $5,229 | $6,569 | $8,086 |
Source: Ownwell