South Glastonbury, Connecticut Property Taxes
The median property tax rate in South Glastonbury, CT is 3.10%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in South Glastonbury, the typical annual property tax bill reaches $10,440, exceeding the national median of $2,690. Property taxes in South Glastonbury 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 South Glastonbury'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 South Glastonbury 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
South Glastonbury, 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 South Glastonbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Glastonbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Glastonbury 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 South Glastonbury, Connecticut
Property taxes in South Glastonbury, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Glastonbury is 3.10%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within South Glastonbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Glastonbury 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 South Glastonbury's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06073 zip code has the highest median property tax rate of 3.10%, while the 06073 zip code also has the lowest median tax rate of 3.10%. Understanding how these cities compare with South Glastonbury 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 South Glastonbury Tax Rate
3.10%
Average Hartford County Tax Rate
3.54%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Glastonbury, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06073 | 3.10% | 3.10% | 3.10% | 3.10% | 3.10% |
Source: Ownwell
Property Tax Assessment Values Across South Glastonbury, Connecticut
In South Glastonbury, 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 South Glastonbury, 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 South Glastonbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 06073 has the highest and lowest median tax bill, both at $10,440, reflecting the consistency in property values within the area.
Property Tax Assessment Values Across South Glastonbury, Connecticut
Source: Ownwell
$24,328
$180,489
$336,650
Average South Glastonbury Assessed Value
$336,650
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 South Glastonbury, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06073 | $210,200 | $247,350 | $336,650 | $459,275 | $586,790 |
Source: Ownwell
Property Tax Bills Across South Glastonbury, Connecticut
In South Glastonbury, located in Hartford County, CT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the city's assessor, who evaluates the property's market value and then applies an assessment ratio. This assessed value is then multiplied by the local mill rate to calculate the annual property tax bill. For homeowners in South Glastonbury, the property tax bill can vary significantly. The median home price in the area is $336,650, and tax bills range from the 25th percentile at $7,670 to the 90th percentile at $18,197. This means that while some homeowners pay around $7,670 annually, others may see bills as high as $18,197. The median tax bill in the area is notably higher than the national median property tax rate of 0.99%, reflecting the region's higher property values and tax rates. This considerable range in tax bills underscores the importance of understanding how property assessments and local tax policies impact individual financial responsibilities.
Average South Glastonbury Tax Bill
$10,440
Average Hartford County Tax Bill
$5,898
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across South Glastonbury, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06073 | $6,518 | $7,670 | $10,440 | $14,242 | $18,197 |
Source: Ownwell