Middletown, Connecticut Property Taxes
The median property tax rate in Middletown, CT is 3.36%, significantly higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Middletown at $180,490, the typical annual property tax bill reaches $6,072, far exceeding the national median of $2,690. Property taxes in Middletown 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 Middletown'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 Middletown 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
Middletown, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.36%
Estimate Property Tax Bill
$6,064
Ownwell’s Middletown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Middletown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Middletown 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 Middletown, Connecticut
Property taxes in Middletown, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Middletown is 3.36%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Middletown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middletown 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 Middletown's effective property tax rate to other areas in Middlesex County and the national median. For comparison, the 06459 zip code has the highest median property tax rate of 3.51%, while the 06457 zip code has the lowest median tax rate of 3.36%. Understanding how these areas compare with Middletown 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 Middletown Tax Rate
3.36%
Average Middlesex County Tax Rate
2.98%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Middletown, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06457 | 3.00% | 3.00% | 3.36% | 3.51% | 3.51% |
| 06459 | 3.51% | 3.51% | 3.51% | 3.51% | 3.51% |
Source: Ownwell
Property Tax Assessment Values Across Middletown, Connecticut
In Middletown, 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 local 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 Middletown, 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 Middletown is $180,490, and property tax bills vary significantly. For example, the highest median tax bill is $6,940 in the 06459 zip code, while the lowest is $6,072 in the 06457 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 Middletown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Middletown, Connecticut
Source: Ownwell
$152,250
$270,445
$388,640
Average Middletown Assessed Value
$180,490
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 Middletown, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06457 | $107,560 | $142,230 | $180,490 | $237,970 | $299,136 |
| 06459 | $197,720 | $197,720 | $197,720 | $197,720 | $197,720 |
Source: Ownwell
Property Tax Bills Across Middletown, Connecticut
In Middletown, CT, property tax bills are calculated based on the assessed value of a home, which is typically 70% of its market value. For example, with a median home price of $180,490, the assessed value would be approximately $126,343. The local tax rate, known as the mill rate, is then applied to this assessed value to determine the tax bill. Factors such as property location, home size, and any applicable exemptions or abatements also influence the final amount. Homeowners in Middletown can expect a range of property tax bills. For instance, the 25th percentile tax bill is around $4,831, while those in the 75th percentile see bills closer to $7,894. At the higher end, the 90th percentile tax bill reaches up to $9,821. Comparatively, the highest median tax bill in the area is $6,940 in the 06459 zip code, whereas the lowest median tax bill is $6,072 in the 06457 zip code. These taxes significantly impact homeowners, influencing both monthly budgets and long-term financial planning.
Average Middletown Tax Bill
$6,072
Average Middlesex County Tax Bill
$5,804
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Middletown, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06457 | $3,424 | $4,831 | $6,072 | $7,894 | $9,821 |
| 06459 | $6,940 | $6,940 | $6,940 | $6,940 | $6,940 |
Source: Ownwell