South Kent, Connecticut Property Taxes
The median property tax rate in South Kent, CT is 1.88%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in South Kent at $327,350, the typical annual property tax bill reaches $6,254, far exceeding the national median of $2,690. Property taxes in South Kent 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 South Kent'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 South Kent or another part of Litchfield County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
South Kent, 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 South Kent Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Kent with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Kent 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 South Kent, Connecticut
Property taxes in South Kent, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Kent is 1.88%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within South Kent set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Kent 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 South Kent's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06785 zip code has the highest median property tax rate of 1.88%, while the same zip code also has the lowest median tax rate of 1.88%. Understanding how these cities compare with South Kent 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 South Kent Tax Rate
1.88%
Average Litchfield County Tax Rate
2.91%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Kent, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06785 | 1.88% | 1.88% | 1.88% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across South Kent, Connecticut
In South Kent, 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 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 South Kent, 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 South Kent helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill in South Kent is 06785, with a median tax bill of $6,254.
Average South Kent Assessed Value
$327,350
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 South Kent, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06785 | $163,530 | $212,175 | $327,350 | $494,175 | $807,790 |
Source: Ownwell
Property Tax Bills Across South Kent, Connecticut
In South Kent, located in Litchfield County, CT, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is a percentage of the property's market value. The tax rate, also known as the mill rate, is then applied to the assessed value to determine the annual property tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. For example, the median home price in South Kent is $327,350. Depending on where a homeowner falls within the tax bracket, the tax bill can vary significantly. At the 25th percentile, homeowners might pay around $3,967, while those in the 75th percentile could see tax bills as high as $9,314. For the top 10% of property values, tax bills can reach up to $15,154. These property taxes fund essential community services such as schools, emergency services, and infrastructure maintenance, directly impacting the quality of life for homeowners.
Average South Kent Tax Bill
$6,254
Average Litchfield County Tax Bill
$5,031
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across South Kent, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06785 | $3,084 | $3,967 | $6,254 | $9,314 | $15,154 |
Source: Ownwell