East Berlin, Connecticut Property Taxes
The median property tax rate in East Berlin, CT is 2.96%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in East Berlin at $209,800, the typical annual property tax bill reaches $6,202, surpassing the national median of $2,690. Property taxes in East Berlin 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 East Berlin'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 East Berlin 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
East Berlin, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.96%
Estimate Property Tax Bill
$6,210
Ownwell’s EAST BERLIN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAST BERLIN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAST BERLIN 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 East Berlin, Connecticut
Property taxes in East Berlin, Connecticut, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in East Berlin is 2.96%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within East Berlin set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Berlin 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 East Berlin's effective property tax rate to other areas in Hartford County and the national median. For comparison, the zip code 06023 has the highest median property tax rate of 2.96%, while the same zip code also has the lowest median tax rate of 2.96%. Understanding how these figures compare with East Berlin provides valuable insights into the varying tax landscape across Hartford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Berlin Tax Rate
2.96%
Average Hartford County Tax Rate
3.54%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Berlin, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06023 | 2.96% | 2.96% | 2.96% | 2.96% | 2.96% |
Source: Ownwell
Property Tax Assessment Values Across East Berlin, Connecticut
In East Berlin, 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 Hartford 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 East Berlin, 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 East Berlin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $6,202 in the zip code 06023.
Property Tax Assessment Values Across East Berlin, Connecticut
Source: Ownwell
$24,328
$180,489
$336,650
Average East Berlin Assessed Value
$209,800
Average Hartford County Assessed Value
$166,460
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Berlin, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06023 | $153,080 | $173,850 | $209,800 | $261,400 | $332,640 |
Source: Ownwell
Property Tax Bills Across East Berlin, Connecticut
In East Berlin, CT, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate, known as the mill rate, is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $209,800, homeowners can expect varying tax bills depending on their property's assessed value. The tax bill at the 25th percentile is around $5,139, while at the 75th percentile, it rises to about $7,727. The highest tax bills, at the 90th percentile, can reach up to $9,833. These property taxes fund essential local services such as schools, public safety, and infrastructure. Homeowners in East Berlin, CT, face property tax rates that are significantly higher than the national median rate of 0.99%, reflecting the importance of these services in the community. Understanding these factors helps homeowners anticipate their financial responsibilities and the benefits they receive in return.
Average East Berlin Tax Bill
$6,202
Average Hartford County Tax Bill
$5,898
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across East Berlin, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06023 | $4,525 | $5,139 | $6,202 | $7,727 | $9,833 |
Source: Ownwell