Morris, Connecticut Property Taxes
The median property tax rate in Morris, CT is 1.83%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Morris, the typical annual property tax bill reaches $4,929, exceeding the national median of $2,690. Property taxes in Morris 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 Morris'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 Morris 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
Morris, 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 Morris Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Morris with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Morris 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 Morris, Connecticut
Property taxes in Morris, Connecticut, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Morris is 1.83%, significantly higher than the U.S. national median of 0.99%. Local government entities within Morris set these rates annually, and they can vary across different neighborhoods. Each year, Morris 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 Morris's effective property tax rate to other areas in Litchfield County and the national median. For comparison, the 06763 zip code has the highest median property tax rate of 1.83%, while the same zip code also has the lowest median tax rate of 1.83%. Understanding how these areas compare with Morris provides valuable insights into the varying tax landscape across Litchfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Morris Tax Rate
1.83%
Average Litchfield County Tax Rate
2.91%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morris, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06763 | 1.83% | 1.83% | 1.83% | 1.83% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Morris, Connecticut
In Morris, Connecticut, understanding the difference between "market value" and "assessed value" is essential 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 local assessor's office 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 Morris, 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. The median home price in Morris is $269,380, with tax bills ranging from $3,623 at the 25th percentile to $10,001 at the 90th percentile. The highest and lowest median tax bills in Morris are both $4,929, occurring in the zip code 06763. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Morris Assessed Value
$269,380
Average Litchfield County Assessed Value
$166,200
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Morris, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06763 | $156,890 | $198,000 | $269,380 | $372,720 | $546,480 |
Source: Ownwell
Property Tax Bills Across Morris, Connecticut
In Morris, property tax bills are calculated based on the assessed value of your home, which is typically a percentage of the market value. The local tax rate, also known as the mill rate, is then applied to this assessed value to determine the tax bill. For example, with a median home price of $269,380, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors such as property improvements, neighborhood developments, and changes in the local tax rate can influence the assessed value. In Morris, the tax bill can range significantly: the 25th percentile tax bill is about $3,623, while the 75th percentile reaches $6,836. At the 90th percentile, homeowners might see tax bills around $10,001. Comparatively, the national median property tax rate is 0.99%, which helps to put Morris’s tax rates into perspective. Higher property taxes can impact homeowners by increasing annual expenses, but they also contribute to local services and infrastructure, enhancing the community's overall quality of life.
Average Morris Tax Bill
$4,929
Average Litchfield County Tax Bill
$5,031
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Morris, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06763 | $2,871 | $3,623 | $4,929 | $6,836 | $10,001 |
Source: Ownwell