Southington, Connecticut Property Taxes
The median property tax rate in Southington, 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 Southington at $185,600, the typical annual property tax bill reaches $5,635, significantly exceeding the national median of $2,690. Property taxes in Southington 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 Southington'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 Southington 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
Southington, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.04%
Estimate Property Tax Bill
$5,642
Ownwell’s Southington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Southington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Southington 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 Southington, Connecticut
Property taxes in Southington, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Southington is 3.04%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Southington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Southington 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 Southington's effective property tax rate to other areas in Hartford County and the national median. For comparison, the 06489 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 values compare with Southington 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 Southington 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 Southington, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06489 | 3.04% | 3.04% | 3.04% | 3.04% | 3.04% |
Source: Ownwell
Property Tax Assessment Values Across Southington, Connecticut
In Southington, 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 local appraisal authorities 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 Southington, 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 Southington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Southington, the zip code 06489 has both the highest and lowest median tax bill at $5,635, compared to the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Southington, Connecticut
Source: Ownwell
$24,328
$180,489
$336,650
Average Southington Assessed Value
$185,600
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 Southington, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06489 | $90,120 | $138,630 | $185,600 | $245,900 | $314,840 |
Source: Ownwell
Property Tax Bills Across Southington, Connecticut
Property tax bills in Southington, located in Hartford County, CT, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the market value determined by the local assessor’s office. In Southington, the median home price is $185,600, which serves as a basis for the property tax calculations. The tax bill is determined by multiplying the assessed value by the local tax rate. For instance, homeowners in the 25th percentile can expect a tax bill around $4,210, while those in the 75th percentile might see bills as high as $7,467. At the 90th percentile, tax bills can reach up to $9,559. These property taxes significantly impact homeowners, influencing their overall cost of living and potentially affecting property values. With the national median property tax rate at 0.99%, Southington’s property tax rates are relatively high, reflecting the local government's need to fund public services and infrastructure.
Average Southington Tax Bill
$5,635
Average Hartford County Tax Bill
$5,898
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Southington, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06489 | $2,749 | $4,210 | $5,635 | $7,467 | $9,559 |
Source: Ownwell