Windsor Locks, Connecticut Property Taxes
The median property tax rate in Windsor Locks, CT is 2.63%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Windsor Locks, the typical annual property tax bill reaches $3,155, exceeding the national median of $2,690. Property taxes in Windsor Locks 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 Windsor Locks' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Windsor Locks 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
Windsor Locks, 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 Windsor Locks Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Windsor Locks with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Windsor Locks 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 Windsor Locks, Connecticut
Property taxes in Windsor Locks, Connecticut, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Windsor Locks is 2.63%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Windsor Locks set these rates annually, and they can vary significantly across different neighborhoods. Each year, Windsor Locks 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 Windsor Locks' effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06096 zip code has the highest median property tax rate of 2.63%, while the same 06096 zip code also has the lowest median tax rate of 2.63%. Understanding how these cities compare with Windsor Locks 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 Windsor Locks Tax Rate
2.63%
Average Hartford County Tax Rate
3.54%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Windsor Locks, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06096 | 2.63% | 2.63% | 2.63% | 2.63% | 2.63% |
Source: Ownwell
Property Tax Assessment Values Across Windsor Locks, Connecticut
In Windsor Locks, 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. In Windsor Locks, 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. The median home price in Windsor Locks is $119,840, with tax bills ranging from $2,796 at the 25th percentile to $4,580 at the 90th percentile. The highest and lowest median tax bills are both $3,155 in the 06096 zip code. 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 Windsor Locks helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Windsor Locks, Connecticut
Source: Ownwell
$24,328
$180,489
$336,650
Average Windsor Locks Assessed Value
$119,840
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 Windsor Locks, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06096 | $90,230 | $106,190 | $119,840 | $141,120 | $173,950 |
Source: Ownwell
Property Tax Bills Across Windsor Locks, Connecticut
In Windsor Locks, Hartford County, CT, property tax bills are calculated based on the assessed value of a home, which is a fraction of its market value. The local tax rate, or mill rate, is then applied to this assessed value to determine the tax bill. Several factors influence the tax bill, including property size, location, and any improvements made to the property. Homeowners in Windsor Locks face a median property tax rate higher than the national median of 0.99%. The median home price in the area is $119,840, leading to a median tax bill of $3,155. This figure can vary significantly, with the 25th percentile tax bill at $2,796 and the 75th percentile at $3,716. At the 90th percentile, homeowners might pay up to $4,580 annually. These property tax bills significantly impact homeowners, affecting their overall housing costs and financial planning. Higher tax bills can be burdensome, particularly for those on fixed incomes or with limited financial flexibility.
Average Windsor Locks Tax Bill
$3,155
Average Hartford County Tax Bill
$5,898
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Windsor Locks, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06096 | $2,376 | $2,796 | $3,155 | $3,716 | $4,580 |
Source: Ownwell