Jewett City, Connecticut Property Taxes
The median property tax rate in Jewett City, CT is 2.30%, which is considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Jewett City at $104,100, the typical annual property tax bill reaches $2,394, slightly below the national median of $2,690. Property taxes in Jewett City 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 Jewett City'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 Jewett City 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
Jewett City, 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 Jewett City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jewett City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jewett City 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 Jewett City, Connecticut
Property taxes in Jewett City, Connecticut, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Jewett City is 2.30%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Jewett City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jewett City 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 Jewett City's effective property tax rate to other areas in Windham County and the national median. For comparison, the 06351 zip code has the highest median property tax rate of 2.30%, while the same zip code also has the lowest median tax rate of 2.30%. Understanding how these figures compare with Jewett City 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 Jewett City Tax Rate
2.30%
Average Windham County Tax Rate
2.75%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jewett City, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06351 | 2.30% | 2.30% | 2.30% | 2.30% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Jewett City, Connecticut
In Jewett City, 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 Jewett City, 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 Jewett City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Jewett City are both $2,394, found in the 06351 zip code.
Property Tax Assessment Values Across Jewett City, Connecticut
Source: Ownwell
$61,135
$147,188
$233,240
Average Jewett City Assessed Value
$104,100
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 Jewett City, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06351 | $100,180 | $101,650 | $104,100 | $106,550 | $108,020 |
Source: Ownwell
Property Tax Bills Across Jewett City, Connecticut
In Jewett City, located in Windham County, CT, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This value is a percentage of the market value of the property. Homeowners then multiply the assessed value by the local tax rate to determine their annual property tax bill. Several factors influence the tax bill, including the property’s location, size, and condition, as well as any applicable exemptions or deductions. In Jewett City, the median home price is $104,100, and the median property tax bill stands at approximately $2,394, considerably higher than the national median property tax rate of 0.99%. Homeowners in this area face tax bills that range from $2,338 at the 25th percentile to $2,484 at the 90th percentile. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life and community resources available to residents.
Average Jewett City Tax Bill
$2,394
Average Windham County Tax Bill
$4,074
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Jewett City, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06351 | $2,304 | $2,338 | $2,394 | $2,451 | $2,484 |
Source: Ownwell