Tariffville, Connecticut Property Taxes
The median property tax rate in Tariffville, CT is 3.18%, significantly higher than both the national median of 0.99% and Connecticut's state median of 3.14%. With the median home value in Tariffville at $174,685, the typical annual property tax bill reaches $5,558, far exceeding the national median of $2,690. Property taxes in Tariffville 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 Tariffville'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 Tariffville or another part of Hartford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tariffville, 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 Tariffville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Tariffville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tariffville to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by Hartford County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Tariffville, Connecticut
Property taxes in Tariffville, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tariffville is 3.18%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Tariffville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tariffville 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 Tariffville's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06081 zip code has the highest median property tax rate of 3.18%, while the 06081 zip code also has the lowest median tax rate of 3.18%. Understanding how these cities compare with Tariffville 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 Tariffville Tax Rate
3.18%
Average Hartford County Tax Rate
3.54%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tariffville, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06081 | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% |
Source: Ownwell
Property Tax Assessment Values Across Tariffville, Connecticut
In Tariffville, 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 Tariffville, 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 Tariffville is $174,685, with tax bills ranging from $4,358 at the 25th percentile to $7,517 at the 90th percentile. The zip code 06081 has both the highest and lowest median tax bill at $5,558. By understanding 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 Tariffville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Tariffville, Connecticut
Source: Ownwell
$24,328
$180,489
$336,650
Average Tariffville Assessed Value
$174,685
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 Tariffville, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06081 | $115,689 | $136,955 | $174,685 | $201,932 | $236,243 |
Source: Ownwell
Property Tax Bills Across Tariffville, Connecticut
In Tariffville, located in Hartford County, Connecticut, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is typically a percentage of the property's market value. For example, with a median home price of $174,685, the tax bill can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $4,358, while those in the 75th percentile might see bills closer to $6,426. At the 90th percentile, tax bills can reach up to $7,517. These numbers highlight the substantial impact property taxes can have on homeowners' finances. The median tax bill in Tariffville is $5,558, which is considerably higher than the national median property tax rate of 0.99%. This higher tax rate can influence decisions on homeownership and affordability, making it essential for residents to understand how their tax bills are determined and the factors involved.
Average Tariffville Tax Bill
$5,558
Average Hartford County Tax Bill
$5,898
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Tariffville, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06081 | $3,682 | $4,358 | $5,558 | $6,426 | $7,517 |
Source: Ownwell