Weatogue, Connecticut Property Taxes
The median property tax rate in Weatogue, CT is 3.18%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Weatogue, the typical annual property tax bill reaches $7,426, exceeding the national median of $2,690. Property taxes in Weatogue 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 Weatogue'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 Weatogue 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
Weatogue, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.18%
Estimate Property Tax Bill
$7,421
Ownwell’s Weatogue Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weatogue with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weatogue 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 Weatogue, Connecticut
Property taxes in Weatogue, Connecticut, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weatogue is 3.18%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Weatogue set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weatogue 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 Weatogue's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06089 zip code has the highest median property tax rate of 3.18%, while the same zip code also has the lowest median tax rate of 3.18%. Understanding how these cities compare with Weatogue 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 Weatogue 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 Weatogue, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06089 | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% |
Source: Ownwell
Property Tax Assessment Values Across Weatogue, Connecticut
In Weatogue, 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 Weatogue, 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 Weatogue is $233,380, with tax bills ranging from $5,820 at the 25th percentile to $14,769 at the 90th percentile. The zip code 06089 has both the highest and lowest median tax bill at $7,426. 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 Weatogue helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Weatogue Assessed Value
$233,380
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 Weatogue, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06089 | $123,018 | $182,910 | $233,380 | $315,070 | $464,142 |
Source: Ownwell
Property Tax Bills Across Weatogue, Connecticut
In Weatogue, Hartford County, CT, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Weatogue is $233,380. The assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as the property's location, size, and condition can influence its assessed value. Homeowners in Weatogue experience varying tax bills. For instance, the tax bill at the 25th percentile is $5,820, while at the 75th percentile, it rises to $10,026. At the 90th percentile, homeowners may see tax bills as high as $14,769. The median tax bill in the 06089 zip code stands at $7,426, which is significantly higher than the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Homeowners must budget for these costs, as they can significantly affect overall housing affordability.
Average Weatogue Tax Bill
$7,426
Average Hartford County Tax Bill
$5,898
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Weatogue, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06089 | $3,915 | $5,820 | $7,426 | $10,026 | $14,769 |
Source: Ownwell