Warren, Connecticut Property Taxes
The median property tax rate in Warren, CT is 1.31%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Warren, the typical annual property tax bill reaches $4,032, exceeding the national median of $2,690. Property taxes in Warren 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 Warren'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 Warren 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
Warren, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$4,016
Ownwell’s Warren Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warren with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warren 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 Warren, Connecticut
Property taxes in Warren, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warren is 1.31%, which is higher than the U.S. national median of 0.99%. Local government entities within Warren set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warren 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 Warren's effective property tax rate to other areas in Connecticut and the national median. For comparison, the zip code 06777 has the highest median property tax rate of 1.32%, while the zip code 06754 has the lowest median tax rate of 1.31%. Understanding how these areas compare with Warren 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 Warren Tax Rate
1.31%
Average Litchfield County Tax Rate
2.91%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warren, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06754 | 1.31% | 1.31% | 1.31% | 1.32% | 1.32% |
| 06777 | 1.31% | 1.31% | 1.32% | 1.32% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Warren, Connecticut
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Warren, 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 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 Warren, 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. For instance, the zip code 06777 has the highest median tax bill at $5,362, while the zip code 06754 has the lowest median tax bill at $3,850. 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 Warren helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Warren Assessed Value
$306,600
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 Warren, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06754 | $202,853 | $240,748 | $291,795 | $366,922 | $535,206 |
| 06777 | $207,165 | $257,880 | $407,785 | $1,067,255 | $1,797,446 |
Source: Ownwell
Property Tax Bills Across Warren, Connecticut
Property tax bills in Warren, located in Litchfield County, CT, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The process begins with the local tax assessor determining the property's market value, and then applying the town's assessment ratio to arrive at the assessed value. The assessed value is then multiplied by the local mill rate to calculate the tax bill. Several factors influence the final tax bill, including property size, location, and any improvements made to the property. For example, the median home price in Warren is $306,600. Homeowners at the 25th percentile can expect a tax bill around $3,257, while those at the 75th percentile may see bills closer to $5,874. The highest median tax bill in the area is $5,362, found in the 06777 zip code, while the lowest is $3,850 in the 06754 zip code. For Warren residents, these property tax rates can significantly impact annual expenses, often influencing decisions on home improvements and property investments.
Average Warren Tax Bill
$4,032
Average Litchfield County Tax Bill
$5,031
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Warren, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06754 | $2,673 | $3,198 | $3,850 | $4,837 | $7,209 |
| 06777 | $2,758 | $3,410 | $5,362 | $14,035 | $23,636 |
Source: Ownwell