Clinton, Connecticut Property Taxes
The median property tax rate in Clinton, CT is 2.98%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Clinton, the typical annual property tax bill reaches $5,477, exceeding the national median of $2,690. Property taxes in Clinton 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 Clinton'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 Clinton or another part of Middlesex County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clinton, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.98%
Estimate Property Tax Bill
$5,470
Ownwell’s Clinton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clinton 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 Clinton, Connecticut
Property taxes in Clinton, Connecticut, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clinton is 2.98%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Clinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clinton 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 Clinton's effective property tax rate to other counties in Connecticut and the national median. For comparison, the zip code 06413 has the highest median property tax rate of 2.98%, while the same zip code also has the lowest median tax rate of 2.98%. Understanding how these cities compare with Clinton provides valuable insights into the varying tax landscape across Middlesex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clinton Tax Rate
2.98%
Average Middlesex County Tax Rate
2.98%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clinton, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06413 | 2.98% | 2.98% | 2.98% | 2.98% | 2.98% |
Source: Ownwell
Property Tax Assessment Values Across Clinton, Connecticut
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Clinton, CT. 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 Middlesex 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 Clinton, 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 Clinton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Clinton is $183,558, with the highest and lowest median tax bills both being $5,477 in zip code 06413.
Average Clinton Assessed Value
$183,558
Average Middlesex County Assessed Value
$200,100
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clinton, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06413 | $86,000 | $143,000 | $183,558 | $243,019 | $348,623 |
Source: Ownwell
Property Tax Bills Across Clinton, Connecticut
In Clinton, located in Middlesex County, CT, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Clinton is $183,558. Property tax rates in this area are higher than the national median property tax rate of 0.99%. Homeowners in Clinton can expect to pay property taxes ranging from $4,269 at the 25th percentile to $10,401 at the 90th percentile, with a median tax bill of $5,477. Several factors influence the property tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions. High property taxes can significantly affect homeowners by increasing the overall cost of owning a home. For instance, a higher tax bill can impact monthly mortgage payments and the affordability of homeownership. Understanding how these elements interact is crucial for homeowners to manage their financial planning effectively.
Average Clinton Tax Bill
$5,477
Average Middlesex County Tax Bill
$5,804
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Clinton, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06413 | $2,567 | $4,269 | $5,477 | $7,251 | $10,401 |
Source: Ownwell