Wethersfield, Connecticut Property Taxes
The median property tax rate in Wethersfield, CT is 4.18%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Wethersfield at $165,655, the typical annual property tax bill reaches $6,921, exceeding the national median of $2,690. Property taxes in Wethersfield 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 Wethersfield'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 Wethersfield 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
Wethersfield, 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 Wethersfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wethersfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wethersfield 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 Hartford County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Wethersfield, Connecticut
Property taxes in Wethersfield, Connecticut, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wethersfield is 4.18%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Wethersfield set these rates annually, and they can vary across different neighborhoods. Each year, Wethersfield 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 Wethersfield's effective property tax rate to other areas in Connecticut and the national median. For comparison, the 06109 zip code has both the highest and lowest median property tax rate of 4.18%. Understanding how these cities compare with Wethersfield 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 Wethersfield Tax Rate
4.18%
Average Hartford County Tax Rate
3.54%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wethersfield, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06109 | 4.18% | 4.18% | 4.18% | 4.18% | 4.18% |
Source: Ownwell
Property Tax Assessment Values Across Wethersfield, Connecticut
In Wethersfield, 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 Wethersfield, 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 Wethersfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 06109 has both the highest and lowest median tax bill at $6,921.
Property Tax Assessment Values Across Wethersfield, Connecticut
Source: Ownwell
$24,328
$180,489
$336,650
Average Wethersfield Assessed Value
$165,655
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 Wethersfield, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06109 | $117,290 | $139,872 | $165,655 | $204,390 | $249,173 |
Source: Ownwell
Property Tax Bills Across Wethersfield, Connecticut
In Wethersfield, property tax bills are calculated based on the assessed value of the home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the tax bill. For instance, the median home price in Wethersfield is $165,655, and homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $5,843, while the 75th percentile reaches $8,539, and the 90th percentile can go up to $10,409. These figures highlight how property taxes can impact homeowners differently based on their property's valuation. The assessed value considers factors such as the property's location, size, and condition. With the national median property tax rate at 0.99%, Wethersfield's tax rates can be comparatively high, affecting the overall cost of homeownership. Homeowners in Hartford County, where Wethersfield is located, should be aware of these factors when budgeting for their annual expenses.
Average Wethersfield Tax Bill
$6,921
Average Hartford County Tax Bill
$5,898
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Wethersfield, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06109 | $4,900 | $5,843 | $6,921 | $8,539 | $10,409 |
Source: Ownwell