Harwinton, Connecticut Property Taxes
The median property tax rate in Harwinton, CT is 2.92%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Harwinton, the typical annual property tax bill reaches $5,092, exceeding the national median of $2,690. Property taxes in Harwinton 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 Harwinton'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 Harwinton 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
Harwinton, 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 Harwinton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harwinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harwinton 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 Harwinton, Connecticut
Property taxes in Harwinton, Connecticut, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harwinton is 2.92%, significantly higher than both the Connecticut state median of 1.79% and the U.S. national median of 0.99%. Local government entities within Harwinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harwinton 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 Harwinton's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06791 zip code has the highest median property tax rate of 2.92%, while the same zip code also has the lowest median tax rate of 2.92%. Understanding how these cities compare with Harwinton provides valuable insights into the varying tax landscape across Litchfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harwinton Tax Rate
2.92%
Average Litchfield County Tax Rate
2.91%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harwinton, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06791 | 2.92% | 2.92% | 2.92% | 2.92% | 2.92% |
Source: Ownwell
Property Tax Assessment Values Across Harwinton, Connecticut
In Harwinton, 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 Litchfield County Assessor 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 Harwinton, 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 Harwinton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 06791, both at $5,092.
Average Harwinton Assessed Value
$173,990
Average Litchfield County Assessed Value
$166,200
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harwinton, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06791 | $108,272 | $133,450 | $173,990 | $230,850 | $305,064 |
Source: Ownwell
Property Tax Bills Across Harwinton, Connecticut
In Harwinton, located in Litchfield County, CT, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate, or mill rate, is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $173,990, the property tax bill can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $3,897, while those in the 75th percentile may face a bill as high as $6,806. Several factors influence the tax bill, including property location, home size, and any applicable exemptions. The highest and lowest median tax bills in the area both stand at $5,092, indicating uniformity in taxation within the zip code 06791. Compared to the national median property tax rate of 0.99%, Harwinton's rates can be notably higher, impacting homeowners' financial planning and overall cost of living.
Average Harwinton Tax Bill
$5,092
Average Litchfield County Tax Bill
$5,031
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Harwinton, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06791 | $3,172 | $3,897 | $5,092 | $6,806 | $8,954 |
Source: Ownwell