West Simsbury, Connecticut Property Taxes
The median property tax rate in West Simsbury, 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 West Simsbury at $307,930, the typical annual property tax bill reaches $9,798, exceeding the national median of $2,690. Property taxes in West Simsbury 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 West Simsbury'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 West Simsbury 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
West Simsbury, 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 West Simsbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Simsbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Simsbury 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 West Simsbury, Connecticut
Property taxes in West Simsbury, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Simsbury is 3.18%, significantly higher than both the Connecticut state median of 1.63% and the U.S. national median of 0.99%. Local government entities within West Simsbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Simsbury 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 West Simsbury's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06092 zip code has the highest median property tax rate of 3.18%, while the same zip code also holds the lowest median tax rate of 3.18%. Understanding how these cities compare with West Simsbury 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 West Simsbury 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 West Simsbury, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06092 | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% |
Source: Ownwell
Property Tax Assessment Values Across West Simsbury, Connecticut
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in West Simsbury, 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 West Simsbury, 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 West Simsbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $307,930, with the highest and lowest median tax bills both recorded at $9,798 in zip code 06092.
Property Tax Assessment Values Across West Simsbury, Connecticut
Source: Ownwell
$24,328
$180,489
$336,650
Average West Simsbury Assessed Value
$307,930
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 West Simsbury, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06092 | $227,710 | $263,130 | $307,930 | $365,470 | $522,690 |
Source: Ownwell
Property Tax Bills Across West Simsbury, Connecticut
Property tax bills in West Simsbury, Hartford County, CT, are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the home. For example, the median home price in West Simsbury is $307,930. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the tax bill, including the property's location, size, and any improvements or renovations made. In West Simsbury, the property tax bills can vary significantly. Homeowners in the 25th percentile pay around $8,373 annually, while those in the 75th percentile pay approximately $11,629. At the 90th percentile, the tax bill can reach up to $16,632. These property taxes significantly impact homeowners, as they represent a substantial annual expense. Compared to the national median property tax rate of 0.99%, West Simsbury's property tax rates are notably higher, reflecting the area's property values and local tax policies.
Average West Simsbury Tax Bill
$9,798
Average Hartford County Tax Bill
$5,898
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across West Simsbury, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06092 | $7,246 | $8,373 | $9,798 | $11,629 | $16,632 |
Source: Ownwell