Marlborough, Connecticut Property Taxes
The median property tax rate in Marlborough, CT is 3.32%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Marlborough at $288,610, the typical annual property tax bill reaches $9,579, far exceeding the national median of $2,690. Property taxes in Marlborough 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 Marlborough'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 Marlborough 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
Marlborough, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.32%
Estimate Property Tax Bill
$9,582
Ownwell’s Marlborough Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Marlborough using just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Marlborough to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of your potential tax obligations. For those interested in more detailed insights, scroll down to explore trends on a neighborhood level. Your property’s assessed value is the figure assigned by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Marlborough, Connecticut
Property taxes in Marlborough, Connecticut, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marlborough is 3.32%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Marlborough set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marlborough 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 Marlborough's effective property tax rate to other areas in Connecticut and the national median. For comparison, the 06447 zip code has the highest median property tax rate of 3.32%, while the 06447 zip code also has the lowest median tax rate of 3.32%. Understanding how these cities compare with Marlborough provides valuable insights into the varying tax landscape across Tolland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marlborough Tax Rate
3.32%
Average Tolland County Tax Rate
3.34%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marlborough, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06447 | 3.32% | 3.32% | 3.32% | 3.32% | 3.32% |
Source: Ownwell
Property Tax Assessment Values Across Marlborough, Connecticut
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Marlborough, 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 Tolland 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 Marlborough, 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 Marlborough is $288,610, with tax bills ranging from $8,802 at the 25th percentile to $9,621 at the 90th percentile. The highest and lowest median tax bills are both $9,579, found in zip code 06447. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Marlborough, Connecticut
Source: Ownwell
$20,800
$274,665
$528,530
Average Marlborough Assessed Value
$288,610
Average Tolland County Assessed Value
$164,900
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marlborough, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06447 | $251,146 | $265,195 | $288,610 | $289,415 | $289,898 |
Source: Ownwell
Property Tax Bills Across Marlborough, Connecticut
In Marlborough, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Marlborough is $288,610. Homeowners in this area can expect a tax bill ranging from $8,802 at the 25th percentile to $9,606 at the 75th percentile, with the 90th percentile reaching up to $9,621. Several factors influence the final tax bill, including property improvements, neighborhood developments, and changes in the local tax rate. These factors can cause fluctuations in the assessed value, thereby affecting the tax burden on homeowners. Compared to the national median property tax rate of 0.99%, Marlborough's rates result in significantly higher tax bills. This elevated tax burden can impact homeowners' financial planning and long-term investment decisions, making it crucial for residents to stay informed about property assessments and local tax policies.
Average Marlborough Tax Bill
$9,579
Average Tolland County Tax Bill
$5,464
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Marlborough, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06447 | $8,336 | $8,802 | $9,579 | $9,606 | $9,621 |
Source: Ownwell