Windsor, Connecticut Property Taxes
The median property tax rate in Windsor, CT is 3.36%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Windsor at $139,020, the typical annual property tax bill reaches $4,702, exceeding the national median of $2,690. Property taxes in Windsor 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 Windsor'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 Windsor 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
Windsor, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.36%
Estimate Property Tax Bill
$4,671
Ownwell’s Windsor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Windsor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Windsor 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 Windsor, Connecticut
Property taxes in Windsor, Connecticut, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Windsor is 3.36%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Windsor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Windsor 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 Windsor's effective property tax rate to other areas in Connecticut and the national median. For comparison, the ZIP code 06095 has the highest median property tax rate of 3.36%, while the same ZIP code also has the lowest median tax rate of 3.36%. Understanding how these areas compare with Windsor 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 Windsor Tax Rate
3.36%
Average Hartford County Tax Rate
3.54%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Windsor, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06095 | 3.36% | 3.36% | 3.36% | 3.36% | 3.51% |
Source: Ownwell
Property Tax Assessment Values Across Windsor, Connecticut
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Windsor, 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 Windsor, 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. Windsor’s median property tax bill stands at $4,702, matching both the highest and lowest median tax bills in the 06095 zip code. 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 Windsor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Windsor Assessed Value
$139,020
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 Windsor, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06095 | $89,740 | $111,580 | $139,020 | $168,560 | $198,800 |
Source: Ownwell
Property Tax Bills Across Windsor, Connecticut
In Windsor, located in 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 assessed value is then multiplied by the local tax rate, known as the mill rate, to determine the annual property tax bill. For Windsor, the median home price is $139,020. Homeowners in Windsor typically see tax bills ranging from $3,791 at the 25th percentile to $5,682 at the 75th percentile, with the 90th percentile reaching up to $6,691. The median tax bill in the area is notably $4,702, which is significantly higher than the national median property tax rate of 0.99%. This higher rate can impact homeowners by increasing their annual expenses, making it essential for them to budget accordingly. Factors such as property improvements and changes in the local tax rate can also influence the final tax bill, affecting homeowners' financial planning and long-term investments in their properties.
Average Windsor Tax Bill
$4,702
Average Hartford County Tax Bill
$5,898
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Windsor, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06095 | $3,079 | $3,791 | $4,702 | $5,682 | $6,691 |
Source: Ownwell