Rocky Hill, Connecticut Property Taxes
The median property tax rate in Rocky Hill, CT is 3.59%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Rocky Hill, the typical annual property tax bill reaches $5,896, exceeding the national median of $2,690. Property taxes in Rocky Hill 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 Rocky Hill'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 Rocky Hill 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
Rocky Hill, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.59%
Estimate Property Tax Bill
$5,893
Ownwell’s Rocky Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rocky Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rocky Hill 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 Rocky Hill, Connecticut
Property taxes in Rocky Hill, Connecticut, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Rocky Hill is 3.59%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities in Rocky Hill set these rates annually, and they can vary across different neighborhoods. Each year, Rocky Hill 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. For comparison, the zip code 06067 has both the highest and lowest median property tax rate of 3.59%. Understanding how Rocky Hill compares with other areas within Hartford County provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rocky Hill Tax Rate
3.59%
Average Hartford County Tax Rate
3.54%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rocky Hill, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06067 | 3.59% | 3.59% | 3.59% | 3.59% | 3.59% |
Source: Ownwell
Property Tax Assessment Values Across Rocky Hill, Connecticut
In Rocky Hill, Connecticut, understanding the distinction between "market value" and "assessed value" is essential for grasping 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 Assessor's Office for tax purposes. Conversely, 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 Rocky Hill, 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 Rocky Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Rocky Hill are both $5,896, found in the 06067 zip code.
Average Rocky Hill Assessed Value
$164,150
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 Rocky Hill, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06067 | $76,720 | $115,762 | $164,150 | $217,560 | $287,756 |
Source: Ownwell
Property Tax Bills Across Rocky Hill, Connecticut
In Rocky Hill, located in Hartford County, CT, property tax bills are calculated based on the assessed value of a home. The assessment typically reflects a percentage of the property's market value. Once the assessed value is determined, the local tax rate is applied to calculate the annual tax bill. Several factors influence this tax bill, including the property's location, size, and any applicable exemptions or deductions. For homeowners in Rocky Hill, the tax burden can vary significantly. The 25th percentile tax bill is around $4,164, while the 75th percentile tax bill reaches $7,815, and the 90th percentile tax bill climbs to $10,337. Notably, the highest and lowest median tax bills in the area are both $5,896, illustrating the range of tax obligations residents might face. Given the national median property tax rate of 0.99%, homeowners in Rocky Hill may experience higher-than-average property tax bills, impacting their overall housing costs and financial planning.
Average Rocky Hill Tax Bill
$5,896
Average Hartford County Tax Bill
$5,898
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Rocky Hill, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06067 | $2,756 | $4,164 | $5,896 | $7,815 | $10,337 |
Source: Ownwell