Waterbury, Litchfield County, Connecticut Property Taxes

Name: Property Tax Bills Across Waterbury, Litchfield County, Connecticut
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Waterbury, CT effective property tax rate: 3.69%, significantly higher than the national median of 1.02%, but lower than the Connecticut state median of 3.14%.
Median Waterbury, CT home value: $86,950
Median annual Waterbury, CT tax bill: $3,205, $805 higher than the national median property tax bill of $2,400.

How are property taxes in Litchfield County calculated?

Property taxes in Waterbury, CT are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Waterbury’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waterbury, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Waterbury, Litchfield County, Connecticut Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.69%

Estimate Property Tax Bill

$3,208

$2,977

Ownwell’s Waterbury Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waterbury with just two data points. By entering your property's estimated assessed value, our calculator applies Waterbury’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Litchfield County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Waterbury, Litchfield County, Connecticut

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Waterbury, located in Litchfield County, Connecticut, the effective property tax rate is notably higher than both the state and national medians, which can significantly impact homeowners. The median property tax rate in Connecticut is also above the national median. This means that property owners in Waterbury may find themselves paying more in property taxes compared to other regions across the country.

Understanding these nuances is crucial for property owners looking to manage their expenses effectively. By staying informed about local tax rates and how they compare to state and national averages, homeowners can make more strategic financial decisions and potentially explore options for appealing their property tax assessments.

Property Tax Rates Across Waterbury, Litchfield County, Connecticut

Source: Ownwell

1.10%

2.95%

4.80%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Waterbury Tax Rate

3.69%

Median Effective Litchfield County Tax Rate

2.91%

Median Effective Connecticut Tax Rate

3.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Waterbury, Litchfield County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
06704	N/A	N/A	N/A	N/A	N/A
06708	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Waterbury, Litchfield County, Connecticut

When examining property taxes in Waterbury, CT, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Litchfield County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Litchfield County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Waterbury. For example, the median home price in Waterbury is $86,950, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Waterbury, Litchfield County, Connecticut

Source: Ownwell

$93,590

$292,898

$492,205

Median Waterbury Market Value

$86,950

Median Litchfield County Market Value

$166,200

Median Connecticut Market Value

$189,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Waterbury, Litchfield County, Connecticut

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
06704	N/A	N/A	N/A	N/A	N/A
06708	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Waterbury, Litchfield County, Connecticut

In Waterbury, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value, and the local tax rate. The median home price in Waterbury is $86,950. The property tax rate is higher than the national median, leading to a significant tax burden for homeowners. The median property tax bill in Waterbury ranges between $2,834 and $3,576, with the 90th percentile reaching $3,799. This is considerably higher than the national median property tax bill of $2,400. Factors such as local government budgets and school funding needs influence the tax rate, affecting how much homeowners pay. High property taxes can strain homeowners, making it essential to explore ways to reduce them. Ownwell assists homeowners by analyzing their property tax assessments to identify potential savings. By filing appeals and seeking exemptions, Ownwell can help homeowners lower their tax bills, ensuring they are not overpaying and easing their financial burden.

Property Tax Bills Across Waterbury, Litchfield County, Connecticut

Source: Ownwell

$3,418

$4,955

$6,492

Median Waterbury Tax Bill

$3,205

Median Litchfield County Tax Bill

$5,031

Median Connecticut Tax Bill

$6,162

Median United States Tax Bill

$2,400

Property Tax Bills Across Waterbury, Litchfield County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
06704	N/A	N/A	N/A	N/A	N/A
06708	N/A	N/A	N/A	N/A	N/A

Source: Ownwell