Roxbury, Connecticut Property Taxes
The median property tax rate in Roxbury, CT is 1.26%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Roxbury, the typical annual property tax bill reaches $6,202, exceeding the national median of $2,690. Property taxes in Roxbury 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 Roxbury'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 Roxbury 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
Roxbury, 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 Roxbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roxbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roxbury 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 Roxbury, Connecticut
Property taxes in Roxbury, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roxbury is 1.26%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Roxbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roxbury 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 Roxbury's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06783 zip code has the highest median property tax rate of 1.26%, while the 06783 zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Roxbury 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 Roxbury Tax Rate
1.26%
Average Litchfield County Tax Rate
2.91%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roxbury, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06783 | 1.26% | 1.26% | 1.26% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Roxbury, Connecticut
In Roxbury, 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 Litchfield 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 Roxbury, 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 Roxbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median tax bill in zip code 06783 is $6,202, which is both the highest and lowest median tax bill in the area.
Average Roxbury Assessed Value
$492,205
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 Roxbury, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06783 | $292,838 | $366,765 | $492,205 | $738,465 | $1,115,310 |
Source: Ownwell
Property Tax Bills Across Roxbury, Connecticut
In Roxbury, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Homeowners in Roxbury, located in Litchfield County, face property tax rates that contribute to significant annual tax bills. The median home price in Roxbury is $492,205, and homeowners can expect tax bills that vary widely. For instance, the 25th percentile of property tax bills stands at $4,621, while the 75th percentile reaches $9,304. At the 90th percentile, homeowners may see tax bills as high as $14,115. The median tax bill in the area is notably high at $6,202, reflecting the town's property values and tax rates. These figures are considerably above the national median property tax rate of 0.99%, highlighting the substantial financial impact on Roxbury homeowners. Understanding these factors can help residents anticipate their property tax obligations accurately.
Average Roxbury Tax Bill
$6,202
Average Litchfield County Tax Bill
$5,031
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Roxbury, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06783 | $3,689 | $4,621 | $6,202 | $9,304 | $14,115 |
Source: Ownwell