Colchester, Middlesex County, Connecticut Property Taxes

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

Median Colchester, CT effective property tax rate: 2.57%, significantly higher than the national median of 1.02%, but lower than the Connecticut state median of 3.14%.
Median Colchester, CT home value: $215,730
Median annual Colchester, CT tax bill: $5,555, $3,155 higher than the national median property tax bill of $2,400.

How are property taxes in Middlesex County calculated?

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

Last Updated March 1, 2025

Colchester, Middlesex County, Connecticut Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.57%

Estimate Property Tax Bill

$5,544

$5,145

Ownwell’s Colchester Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Colchester with just two data points. By entering your property's estimated assessed value, our calculator applies Colchester’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 Middlesex County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Colchester, Middlesex County, Connecticut

Local government entities determine tax rates, leading to significant variations within a state. This occurs because each county annually estimates its budget needs to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation establishes the property tax rate. While setting tax rates and budgets involves votes and legislative measures, this is the fundamental annual process. Colchester, located in New London County, Connecticut, has an effective property tax rate that stands out when compared to other cities within the state. Connecticut's median property tax rate is notably higher than the national median rate of 1.02%. This means homeowners in Colchester are subject to a tax rate that can be more than double the national average. With such a significant difference, understanding and potentially appealing your property tax assessment becomes crucial. By doing so, homeowners can ensure they are not overpaying and can better manage their financial obligations.

Property Tax Rates Across Colchester, Middlesex County, Connecticut

Source: Ownwell

2.04%

2.83%

3.61%

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 Colchester Tax Rate

2.57%

Median Effective Middlesex County Tax Rate

2.98%

Median Effective Connecticut Tax Rate

3.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Colchester, Middlesex County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
06415	2.57%	2.57%	2.57%	2.58%	2.58%

Source: Ownwell

Property Tax Assessment Values Across Colchester, Middlesex County, Connecticut

When examining property taxes in Colchester, 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 Middlesex County Assessor's Office 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 Middlesex County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Colchester. For example, the median home price in Colchester is $215,730, with tax bills ranging significantly across the county. Zip code 06415 has the highest median home price at $215,730.

Property Tax Assessment Values Across Colchester, Middlesex County, Connecticut

Source: Ownwell

$168,345

$257,873

$347,400

Median Colchester Market Value

$215,730

Median Middlesex County Market Value

$200,100

Median Connecticut Market Value

$189,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Colchester, Middlesex County, Connecticut

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
06415	$146,030	$174,050	$215,730	$268,620	$323,616

Source: Ownwell

Property Tax Bills Across Colchester, Middlesex County, Connecticut

In Colchester, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is periodically evaluated by the local tax assessor. Factors influencing the tax bill include property size, location, and any improvements made. Homeowners in Colchester face a median property tax bill of $5,555, significantly higher than the national median of $2,400. This can place a substantial financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%.

Ownwell can help alleviate this burden by providing expert property tax appeal services. Our team examines your property's assessed value, ensuring it accurately reflects its market value. If discrepancies are found, we guide you through the appeal process to potentially lower your tax bill. By leveraging our expertise, homeowners can achieve significant savings, ensuring they pay only their fair share in property taxes.

Property Tax Bills Across Colchester, Middlesex County, Connecticut

Source: Ownwell

$4,353

$8,440

$12,527

Median Colchester Tax Bill

$5,555

Median Middlesex County Tax Bill

$5,804

Median Connecticut Tax Bill

$6,162

Median United States Tax Bill

$2,400

Property Tax Bills Across Colchester, Middlesex County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
06415	$3,760	$4,482	$5,555	$6,917	$8,333

Source: Ownwell