Washington, Connecticut Property Taxes
The median property tax rate in Washington, CT is 1.43%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Washington, the typical annual property tax bill reaches $5,711, exceeding the national median of $2,690. Property taxes in Washington 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 Washington'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 Washington 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
Washington, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$5,731
Ownwell’s Washington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Washington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Washington 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 Washington, Connecticut
Property taxes in Washington, Connecticut, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Washington is 1.43%, significantly higher than the U.S. national median of 0.99%. Local government entities within Washington set these rates annually, and they can vary across different neighborhoods. Each year, Washington 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 Washington's effective property tax rate to other areas in Litchfield County and the national median. For comparison, the zip code 06794 has the highest median property tax rate of 1.43%, while the zip code 06793 has the lowest median tax rate of 1.43%. Understanding how these areas compare with Washington 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 Washington Tax Rate
1.43%
Average Litchfield County Tax Rate
2.91%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Washington, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06793 | 1.42% | 1.42% | 1.43% | 1.43% | 1.43% |
| 06794 | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Washington, Connecticut
In Washington, 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 Washington, 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 Washington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Washington is $13,756 in the 06794 zip code, while the lowest median tax bill is $5,706 in the 06793 zip code.
Average Washington Assessed Value
$400,750
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 Washington, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06793 | $212,892 | $275,810 | $400,425 | $649,760 | $1,116,387 |
| 06794 | $965,300 | $965,300 | $965,300 | $965,300 | $965,300 |
Source: Ownwell
Property Tax Bills Across Washington, Connecticut
In Washington, located in Litchfield County, CT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value, which is determined by local assessors. For instance, with a median home price of $400,750, the assessed value will be a proportion of this amount, depending on local assessment practices. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or abatements. Homeowners in Washington can expect tax bills that vary significantly. For example, the 25th percentile of tax bills is around $3,960, while the 75th percentile reaches $9,319. At the higher end, the 90th percentile tax bill can soar to $15,902. The highest median tax bill in the area is $13,756, found in the 06794 zip code, whereas the lowest median tax bill is $5,706 in the 06793 zip code. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, making it essential for homeowners to understand how their tax bill is determined.
Average Washington Tax Bill
$5,711
Average Litchfield County Tax Bill
$5,031
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Washington, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06793 | $3,036 | $3,956 | $5,706 | $9,259 | $15,908 |
| 06794 | $13,756 | $13,756 | $13,756 | $13,756 | $13,756 |
Source: Ownwell