Marlborough, Connecticut Property Taxes
The median property tax rate in Marlborough, CT is 3.47%, significantly 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 $193,870, the typical annual property tax bill reaches $6,733, 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
$2,500,000
$5,000,000
Average Tax Rate
3.14%
Estimate Property Tax Bill
$6,280
Ownwell’s Marlborough Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Marlborough with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marlborough 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 Marlborough, Connecticut
Property taxes in Marlborough, Connecticut, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Marlborough is 3.47%, which is significantly higher than 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 counties in Connecticut and the national median. For comparison, the zip code 06447 has the highest median property tax rate of 3.47%, while the same zip code also has the lowest median tax rate of 3.47%. Understanding how these cities compare with Marlborough 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 Marlborough Tax Rate
3.47%
Average Hartford County Tax Rate
3.54%
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 | 3.47% | 3.47% | 3.47% | 3.47% | 3.47% |
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 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 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Marlborough's highest median tax bill is $6,733 in the 06447 zip code, which is significantly higher than the national median property tax rate of 0.99%. Being aware of these valuation processes in Marlborough helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Marlborough, Connecticut
Source: Ownwell
$24,328
$180,489
$336,650
Average Marlborough Assessed Value
$193,870
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 Marlborough, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06447 | $134,064 | $156,030 | $193,870 | $250,660 | $324,284 |
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 determined by the local tax assessor. The assessed value is typically a percentage of the market value. This value is then multiplied by the town's mill rate, which is the amount of tax payable per thousand dollars of assessed value. For instance, if the assessed value of a home is $193,870, the tax bill will be calculated accordingly. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Marlborough see a range of tax bills, with the 25th percentile at $5,419 and the 75th percentile at $8,705. The 90th percentile tax bill climbs to $11,261, reflecting the higher end of the market. These property taxes significantly impact homeowners, as they must budget for these annual expenses. Comparatively, Marlborough's median property tax bill is higher than the national median property tax rate of 0.99%, indicating a substantial financial commitment for residents in this area.
Average Marlborough Tax Bill
$6,733
Average Hartford County Tax Bill
$5,898
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 | $4,656 | $5,419 | $6,733 | $8,705 | $11,261 |
Source: Ownwell