Hartford, Connecticut Property Taxes
The median property tax rate in Hartford, CT is 6.90%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Hartford at $60,785, the typical annual property tax bill reaches $4,191, exceeding the national median of $2,690. Property taxes in Hartford 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 Hartford'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 Hartford 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
Hartford, 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 Hartford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hartford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hartford 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 Hartford, Connecticut
Property taxes in Hartford, Connecticut, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hartford is 6.90%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Hartford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hartford 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 Hartford's effective property tax rate to other areas in Connecticut and the national median. For comparison, the 06118 zip code has the highest median property tax rate of 6.90%, while the 06108 zip code has the lowest median tax rate of 6.89%. Understanding how these areas compare with Hartford 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 Hartford Tax Rate
6.90%
Average Hartford County Tax Rate
3.54%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartford, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06103 | 6.89% | 6.89% | 6.89% | 6.90% | 6.90% |
| 06105 | 6.89% | 6.89% | 6.90% | 6.90% | 6.90% |
| 06106 | 6.89% | 6.89% | 6.90% | 6.90% | 6.90% |
| 06108 | 6.89% | 6.89% | 6.89% | 6.90% | 6.90% |
| 06112 | 6.89% | 6.89% | 6.89% | 6.90% | 6.90% |
| 06114 | 6.89% | 6.89% | 6.90% | 6.90% | 6.90% |
| 06118 | 6.89% | 6.90% | 6.90% | 6.90% | 6.90% |
| 06120 | 6.89% | 6.89% | 6.90% | 6.90% | 6.90% |
Source: Ownwell
Property Tax Assessment Values Across Hartford, Connecticut
In Hartford, Connecticut, understanding the difference between "market value" and "assessed value" is essential 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 Hartford 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. Hartford's highest median tax bill is $6,414 in the 06108 zip code, while the lowest is $1,678 in the 06105 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hartford Assessed Value
$60,785
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 Hartford, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06103 | $29,327 | $31,421 | $38,073 | $47,849 | $62,622 |
| 06105 | $14,737 | $19,000 | $24,328 | $66,472 | $131,187 |
| 06106 | $17,971 | $24,476 | $61,667 | $79,013 | $97,087 |
| 06108 | $83,602 | $87,786 | $93,014 | $97,994 | $101,732 |
| 06112 | $48,326 | $58,580 | $68,723 | $89,192 | $101,357 |
| 06114 | $17,622 | $30,245 | $69,605 | $87,943 | $99,519 |
| 06118 | $80,523 | $82,458 | $85,682 | $88,907 | $90,842 |
| 06120 | $13,396 | $28,013 | $56,375 | $76,936 | $88,898 |
Source: Ownwell
Property Tax Bills Across Hartford, Connecticut
In Hartford, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate, known as the mill rate, is then applied to this assessed value. For example, if a property’s assessed value is $60,785, homeowners can expect their tax bill to reflect this valuation. Several factors influence the final tax bill, including the property's location within Hartford County. The tax bill can vary significantly, with the 25th percentile at $1,670 and the 75th percentile reaching $5,709. More affluent areas, such as those in the 06108 zip code, can see median tax bills as high as $6,414, while less expensive areas, like the 06105 zip code, have lower median tax bills around $1,678. Compared to the national median property tax rate of 0.99%, Hartford’s property taxes can be relatively high, which can impact homeowners by increasing their annual expenses. Understanding these variables is crucial for homeowners to anticipate and manage their property tax obligations effectively.
Average Hartford Tax Bill
$4,191
Average Hartford County Tax Bill
$5,898
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartford, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06103 | $2,022 | $2,166 | $2,625 | $3,299 | $4,318 |
| 06105 | $1,016 | $1,310 | $1,678 | $4,583 | $9,043 |
| 06106 | $1,239 | $1,688 | $4,252 | $5,443 | $6,691 |
| 06108 | $5,764 | $6,053 | $6,414 | $6,757 | $7,014 |
| 06112 | $3,332 | $4,039 | $4,738 | $6,150 | $6,989 |
| 06114 | $1,215 | $2,085 | $4,799 | $6,064 | $6,862 |
| 06118 | $5,552 | $5,686 | $5,908 | $6,130 | $6,264 |
| 06120 | $924 | $1,932 | $3,887 | $5,305 | $6,130 |
Source: Ownwell