Dayville, Connecticut Property Taxes
The median property tax rate in Dayville, CT is 2.89%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Dayville at $134,450, the typical annual property tax bill reaches $3,904, exceeding the national median of $2,690. Property taxes in Dayville 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 Dayville'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 Dayville or another part of Windham County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dayville, 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 Dayville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dayville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dayville 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 Windham County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Dayville, Connecticut
Property taxes in Dayville, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dayville is 2.89%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Dayville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dayville 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 Dayville's effective property tax rate to other areas in Connecticut and the national median. For comparison, the highest median property tax rate in Windham County is 2.89% in the 06241 zip code, while the lowest median tax rate is also 2.89% in the same zip code. Understanding how these areas compare with Dayville provides valuable insights into the varying tax landscape across Windham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dayville Tax Rate
2.89%
Average Windham County Tax Rate
2.75%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dayville, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06241 | 2.86% | 2.87% | 2.89% | 2.95% | 2.95% |
Source: Ownwell
Property Tax Assessment Values Across Dayville, Connecticut
In Dayville, 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 Windham 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 Dayville, 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 Dayville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,904 in the 06241 zip code.
Average Dayville Assessed Value
$134,450
Average Windham County Assessed Value
$144,900
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dayville, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06241 | $68,574 | $105,210 | $134,450 | $175,350 | $218,922 |
Source: Ownwell
Property Tax Bills Across Dayville, Connecticut
In Dayville, located in Windham County, CT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value typically represents a percentage of the property's market value, which is determined by the local tax assessor. Homeowners in Dayville face a median property tax rate that is higher than the national median of 0.99%. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For instance, the median home price in Dayville is $134,450, leading to a range of tax bills. Homeowners in the 25th percentile can expect to pay around $3,052, while those in the 75th percentile face bills of approximately $5,101. The top 10% of tax bills can reach up to $6,370. These property taxes significantly impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated helps homeowners better anticipate their financial responsibilities.
Average Dayville Tax Bill
$3,904
Average Windham County Tax Bill
$4,074
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Dayville, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06241 | $1,997 | $3,052 | $3,904 | $5,101 | $6,370 |
Source: Ownwell