Ellington, Connecticut Property Taxes
The median property tax rate in Ellington, CT is 3.43%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Ellington at $182,000, the typical annual property tax bill reaches $6,245, exceeding the national median of $2,690. Property taxes in Ellington 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 Ellington'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 Ellington 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
Ellington, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.43%
Estimate Property Tax Bill
$6,243
Ownwell’s Ellington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ellington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ellington 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 Ellington, Connecticut
Property taxes in Ellington, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ellington is 3.43%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Ellington set these rates annually, and they can vary across different neighborhoods. Each year, Ellington 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. Understanding how Ellington's effective property tax rate compares to other areas in Tolland County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ellington Tax Rate
3.43%
Average Tolland County Tax Rate
3.34%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ellington, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06029 | 3.43% | 3.43% | 3.43% | 3.43% | 3.43% |
Source: Ownwell
Property Tax Assessment Values Across Ellington, Connecticut
In Ellington, 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 Tolland 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 Ellington, 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 Ellington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $182,000, with the highest and lowest median tax bill both being $6,245 in the 06029 zip code.
Average Ellington Assessed Value
$182,000
Average Tolland County Assessed Value
$164,900
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ellington, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06029 | $107,151 | $143,965 | $182,000 | $249,990 | $316,689 |
Source: Ownwell
Property Tax Bills Across Ellington, Connecticut
In Ellington, Connecticut, property tax bills are calculated based on the assessed value of a home, which is determined by the Tolland County tax assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local mill rate to determine the annual tax bill. For example, with a median home price of $182,000, homeowners can expect varying tax bills depending on their home's assessed value and specific location within the city. Factors influencing the tax bill include the property's size, condition, and location. The 25th percentile tax bill in Ellington is $4,938, while the 75th percentile reaches $8,580. At the higher end, the 90th percentile tax bill can be as much as $10,862. These figures highlight the range of property tax obligations homeowners might face. Compared to the national median property tax rate of 0.99%, Ellington's property taxes can be significantly higher, affecting homeowners' financial planning and overall cost of living.
Average Ellington Tax Bill
$6,245
Average Tolland County Tax Bill
$5,464
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Ellington, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06029 | $3,676 | $4,938 | $6,245 | $8,580 | $10,862 |
Source: Ownwell