Bristol, Connecticut Property Taxes
The median property tax rate in Bristol, CT is 3.04%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Bristol at $167,230, the typical annual property tax bill reaches $5,075, exceeding the national median of $2,690. Property taxes in Bristol 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 Bristol'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 Bristol 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
Bristol, 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 Bristol Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Bristol with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Bristol to provide an estimate of your property tax bill. This valuable tool helps you gauge potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Bristol, Connecticut
Property taxes in Bristol, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bristol is 3.04%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Bristol set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bristol 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 Bristol's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06010 zip code has the highest median property tax rate of 3.04%, while the same zip code also has the lowest median tax rate of 3.04%. Understanding how these cities compare with Bristol provides valuable insights into the varying tax landscape across Hartford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bristol Tax Rate
3.04%
Average Hartford County Tax Rate
3.54%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bristol, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06010 | 3.03% | 3.03% | 3.04% | 3.04% | 3.04% |
Source: Ownwell
Property Tax Assessment Values Across Bristol, Connecticut
In Bristol, 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 Hartford 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. Assessment notices in Bristol 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 Bristol helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 06010 has both the highest and lowest median tax bill, standing at $5,075.
Average Bristol Assessed Value
$167,230
Average Hartford County Assessed Value
$166,460
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bristol, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06010 | $103,080 | $134,190 | $167,230 | $204,750 | $251,300 |
Source: Ownwell
Property Tax Bills Across Bristol, Connecticut
In Bristol, located in Hartford County, CT, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is typically a percentage of the property's market value. For example, with a median home price of $167,230, the assessed value will be a fraction of this amount, depending on the local assessment ratio. Once the assessed value is established, the local tax rate, or mill rate, is applied. This rate is expressed in mills, where one mill represents one-tenth of a cent. Therefore, a higher mill rate results in a higher tax bill. Homeowners in Bristol see a wide range in their tax bills, with the 25th percentile at $4,073 and the 75th percentile at $6,212. The 90th percentile tax bill reaches up to $7,627. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. While the national median property tax rate is 0.99%, Bristol's specific rates and assessed values can lead to considerable variability in individual tax bills, impacting homeowners differently based on their property's value and location.
Average Bristol Tax Bill
$5,075
Average Hartford County Tax Bill
$5,898
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Bristol, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06010 | $3,128 | $4,073 | $5,075 | $6,212 | $7,627 |
Source: Ownwell