West Suffield, Connecticut Property Taxes
The median property tax rate in West Suffield, CT is 2.86%, 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 Suffield at $200,060, the typical annual property tax bill reaches $5,724, exceeding the national median of $2,690. Property taxes in West Suffield 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 Suffield'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 Suffield 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 Suffield, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.86%
Estimate Property Tax Bill
$5,722
Ownwell’s West Suffield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Suffield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Suffield 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 Suffield, Connecticut
Property taxes in West Suffield, 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 Suffield is 2.86%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within West Suffield set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Suffield 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 Suffield's effective property tax rate to other counties in Connecticut and the national median. For comparison, the ZIP code 06093 has both the highest and lowest median property tax rate of 2.86%. Understanding how these cities compare with West Suffield 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 Suffield Tax Rate
2.86%
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 Suffield, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06093 | 2.86% | 2.86% | 2.86% | 2.86% | 2.86% |
Source: Ownwell
Property Tax Assessment Values Across West Suffield, Connecticut
In West Suffield, 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 West Suffield, 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. The median home price in West Suffield is $200,060, with tax bills ranging from $4,604 at the 25th percentile to $7,454 at the 75th percentile, and up to $9,329 at the 90th percentile. Being aware of these valuation processes in West Suffield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across West Suffield, Connecticut
Source: Ownwell
$24,328
$180,489
$336,650
Average West Suffield Assessed Value
$200,060
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 Suffield, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06093 | $127,365 | $160,912 | $200,060 | $260,522 | $326,060 |
Source: Ownwell
Property Tax Bills Across West Suffield, Connecticut
In West Suffield, CT, 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 then multiplied by the mill rate set by the county to determine the annual tax bill. For instance, with a median home price of $200,060, homeowners can expect a tax bill ranging from $4,604 at the 25th percentile to $7,454 at the 75th percentile, with the 90th percentile reaching up to $9,329. These figures are significantly higher than the national median property tax rate of 0.99%, reflecting the higher property values and tax rates in the region. Homeowners in West Suffield should be aware of these factors as they directly impact their annual financial obligations. Understanding how these elements interplay can help residents better plan for their expenses and potentially seek out tax exemptions or appeals if they believe their property has been over-assessed.
Average West Suffield Tax Bill
$5,724
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 Suffield, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06093 | $3,644 | $4,604 | $5,724 | $7,454 | $9,329 |
Source: Ownwell