New Hartford, Connecticut Property Taxes
The median property tax rate in New Hartford, CT is 3.54%, significantly higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in New Hartford at $191,670, the typical annual property tax bill amounts to $6,779, far surpassing the national median of $2,690. Property taxes in New Hartford are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding New Hartford's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of New Hartford or another part of Hartford County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Hartford, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.54%
Estimate Property Tax Bill
$6,785
Ownwell’s New Hartford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Hartford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New 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 New Hartford, Connecticut
Property taxes in New Hartford, Connecticut, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Hartford is 3.54%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within New Hartford set these rates annually, and they can vary significantly across different neighborhoods. Each year, New 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 New Hartford's effective property tax rate to other areas in Connecticut and the national median. For comparison, the 06057 zip code has the highest median property tax rate of 3.54%, while the same 06057 zip code also has the lowest median tax rate of 3.54%. Understanding how these areas compare with New 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 New Hartford Tax Rate
3.54%
Average Hartford County Tax Rate
3.54%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Hartford, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06057 | 3.54% | 3.54% | 3.54% | 3.54% | 3.54% |
Source: Ownwell
Property Tax Assessment Values Across New Hartford, Connecticut
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in New Hartford, Connecticut. 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. In New Hartford, 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 New Hartford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 06057 has both the highest and lowest median tax bill at $6779, indicating a consistent tax environment across the area.
Property Tax Assessment Values Across New Hartford, Connecticut
Source: Ownwell
$24,328
$180,489
$336,650
Average New Hartford Assessed Value
$191,670
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 New Hartford, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06057 | $191,670 | $191,670 | $191,670 | $191,670 | $191,670 |
Source: Ownwell
Property Tax Bills Across New Hartford, Connecticut
In New Hartford, CT, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate, also known as the mill rate, is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $191,670, the assessed value would be a fraction of this market price, and the mill rate would be used to calculate the final tax amount. Several factors influence the tax bill, including property size, location, and any applicable exemptions. In New Hartford, the median property tax bill stands at $6,779, which is significantly higher than the national median property tax rate of 0.99%. This higher tax rate can impact homeowners by increasing their annual expenses, potentially affecting their ability to afford other necessities or investments. Understanding these calculations helps homeowners anticipate their financial obligations and plan accordingly, ensuring they can manage their property taxes effectively.
Average New Hartford Tax Bill
$6,779
Average Hartford County Tax Bill
$5,898
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across New Hartford, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06057 | $6,779 | $6,779 | $6,779 | $6,779 | $6,779 |
Source: Ownwell