West Granby, Connecticut Property Taxes
The median property tax rate in West Granby, CT is 3.19%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in West Granby at $302,190, the typical annual property tax bill reaches $9,639, far exceeding the national median of $2,690. Property taxes in West Granby 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 West Granby'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 West Granby 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
West Granby, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.19%
Estimate Property Tax Bill
$9,640
Ownwell’s West Granby Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in West Granby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Granby to provide an estimate of your property tax bill. This valuable 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 Hartford County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across West Granby, Connecticut
Property taxes in West Granby, Connecticut, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in West Granby is 3.19%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within West Granby set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Granby 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 West Granby's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06090 zip code has the highest median property tax rate of 3.19%, while the same zip code also has the lowest median tax rate of 3.19%. Understanding how these cities compare with West Granby 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 West Granby Tax Rate
3.19%
Average Hartford County Tax Rate
3.54%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Granby, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06090 | 3.19% | 3.19% | 3.19% | 3.19% | 3.19% |
Source: Ownwell
Property Tax Assessment Values Across West Granby, Connecticut
In West Granby, 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 West Granby, 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 West Granby helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $9,639, found in the 06090 zip code.
Property Tax Assessment Values Across West Granby, Connecticut
Source: Ownwell
$24,328
$180,489
$336,650
Average West Granby Assessed Value
$302,190
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 West Granby, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06090 | $184,100 | $232,330 | $302,190 | $411,950 | $514,266 |
Source: Ownwell
Property Tax Bills Across West Granby, Connecticut
In West Granby, Hartford County, CT, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. The property tax rate is then applied to this assessed value to determine the annual tax bill. For example, the median home price in West Granby is $302,190, and homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors influencing the tax bill include the property's location, improvements made, and any applicable exemptions or deductions. The tax bill can range significantly; the 25th percentile tax bill is around $7,420, while the 75th percentile reaches approximately $13,137. For those at the 90th percentile, the tax bill can be as high as $16,456. These tax rates can significantly impact homeowners, as they must budget for these annual expenses, which are higher than the national median property tax rate of 0.99%.
Average West Granby Tax Bill
$9,639
Average Hartford County Tax Bill
$5,898
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across West Granby, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06090 | $5,871 | $7,420 | $9,639 | $13,137 | $16,456 |
Source: Ownwell