New Hartford, Litchfield County, Connecticut Property Taxes
The median property tax rate in New Hartford, CT is 3.21%, considerably 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 $184,275, the typical annual property tax bill reaches $6,000, exceeding the national median of $2,690. Property taxes in New Hartford are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding New 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 New 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
New Hartford, Litchfield County, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.21%
Estimate Property Tax Bill
$5,915
$5,489
Ownwell’s New Hartford Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to 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 project your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information can be found below. Your property’s assessed value is determined by the county for property tax purposes, factoring in any applicable exemptions.
Property Tax Rates Across New Hartford, Litchfield County, 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 3.21%, 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 counties in Connecticut and the national median. For comparison, the 06057 zip code has the highest median property tax rate of 3.21%, while the same zip code also has the lowest median tax rate of 3.21%. Understanding how these cities compare with New Hartford provides valuable insights into the varying tax landscape across Litchfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Property Tax Rates Across New Hartford, Litchfield County, Connecticut
Source: Ownwell
1.10%
2.95%
4.80%
Average New Hartford Tax Rate
3.21%
Average Litchfield County Tax Rate
2.91%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Hartford, Litchfield County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06057 | 3.21% | 3.21% | 3.21% | 3.30% | 3.30% |
Source: Ownwell
Property Tax Assessment Values Across New Hartford, Litchfield County, Connecticut
In New Hartford, 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 Litchfield 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. In New Hartford, the highest median tax bill is $6,000 in the 06057 zip code, while the lowest median tax bill is also $6,000 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across New Hartford, Litchfield County, Connecticut
Source: Ownwell
$93,590
$292,898
$492,205
Average New Hartford Assessed Value
$184,275
Average Litchfield County Assessed Value
$166,200
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Hartford, Litchfield County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06057 | $98,641 | $136,395 | $184,275 | $246,164 | $310,597 |
Source: Ownwell
Property Tax Bills Across New Hartford, Litchfield County, Connecticut
In New Hartford, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate, or mill rate, is then applied to this assessed value to determine the annual property tax bill. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in New Hartford, located in Litchfield County, face property tax bills that can vary significantly. For instance, the 25th percentile tax bill is $4,447, while the 75th percentile tax bill reaches $7,961, and the 90th percentile tax bill can be as high as $10,045. These figures show a wide range of property tax burdens, reflecting differences in property values and assessments within the area. Comparatively, the national median property tax rate is 0.99%, meaning New Hartford's property tax rates may be higher or lower depending on specific assessments and local rates. This variability can significantly impact homeowners' financial planning and overall affordability of living in the area.
Property Tax Bills Across New Hartford, Litchfield County, Connecticut
Source: Ownwell
$3,418
$4,955
$6,492
Average New Hartford Tax Bill
$6,000
Average Litchfield County Tax Bill
$5,031
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across New Hartford, Litchfield County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06057 | $3,224 | $4,447 | $6,000 | $7,961 | $10,045 |
Source: Ownwell