Centerbrook, Connecticut Property Taxes
The median property tax rate in Centerbrook, CT is 2.26%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Centerbrook, the typical annual property tax bill reaches $4,353, exceeding the national median of $2,690. Property taxes in Centerbrook 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 Centerbrook'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 Centerbrook or another part of Middlesex County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Centerbrook, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.26%
Estimate Property Tax Bill
$4,355
Ownwell’s Centerbrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Centerbrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Centerbrook 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 Centerbrook, Connecticut
Property taxes in Centerbrook, Connecticut, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Centerbrook is 2.26%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Centerbrook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Centerbrook 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 Centerbrook's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06409 zip code has the highest median property tax rate of 2.26%, while the 06409 zip code also has the lowest median tax rate of 2.26%. Understanding how these cities compare with Centerbrook provides valuable insights into the varying tax landscape across Middlesex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Centerbrook Tax Rate
2.26%
Average Middlesex County Tax Rate
2.98%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Centerbrook, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06409 | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% |
Source: Ownwell
Property Tax Assessment Values Across Centerbrook, Connecticut
In Centerbrook, 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 Middlesex 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 Centerbrook, 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 Centerbrook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Centerbrook, the highest and lowest median tax bills are both $4,353, found in zip code 06409.
Property Tax Assessment Values Across Centerbrook, Connecticut
Source: Ownwell
$152,250
$270,445
$388,640
Average Centerbrook Assessed Value
$192,700
Average Middlesex County Assessed Value
$200,100
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Centerbrook, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06409 | $155,500 | $173,200 | $192,700 | $219,600 | $265,000 |
Source: Ownwell
Property Tax Bills Across Centerbrook, Connecticut
In Centerbrook, property tax bills are determined by the assessed value of a home, which is a percentage of its market value, multiplied by the local tax rate. For example, with a median home price of $192,700, the tax bill can range significantly. Factors such as the property's location within Middlesex County and any applicable exemptions or abatements also play a role. Homeowners in Centerbrook can expect their tax bills to reflect the local economic conditions and public service funding needs. The tax bills in Centerbrook vary widely, with the 25th percentile at $3,913 and the 75th percentile at $4,961, indicating a broad range of property values and tax liabilities. At the 90th percentile, tax bills can reach up to $5,986. The highest and lowest median tax bills in the area both stand at $4,353, reflecting the consistency in tax assessments within certain neighborhoods. Compared to the national median property tax rate of 0.99%, Centerbrook's property tax landscape can significantly impact homeowners, influencing their long-term financial planning and homeownership costs.
Average Centerbrook Tax Bill
$4,353
Average Middlesex County Tax Bill
$5,804
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Centerbrook, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06409 | $3,513 | $3,913 | $4,353 | $4,961 | $5,986 |
Source: Ownwell