Westbrook, Connecticut Property Taxes
The median property tax rate in Westbrook, CT is 2.13%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Westbrook, the typical annual property tax bill reaches $5,500, exceeding the national median of $2,690. Property taxes in Westbrook 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 Westbrook'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 Westbrook 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
Westbrook, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.13%
Estimate Property Tax Bill
$5,493
Ownwell’s Westbrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westbrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westbrook 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 Westbrook, Connecticut
Property taxes in Westbrook, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westbrook is 2.13%, significantly higher than the U.S. national median of 0.99%. Local government entities within Westbrook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westbrook 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 Westbrook's effective property tax rate to other areas in Connecticut and the national median. For comparison, the zip code 06498 has the highest median property tax rate of 2.13%, while the same zip code also has the lowest median tax rate of 2.13%. Understanding how these areas compare with Westbrook 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 Westbrook Tax Rate
2.13%
Average Middlesex County Tax Rate
2.98%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westbrook, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06498 | 2.13% | 2.13% | 2.13% | 2.13% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Westbrook, Connecticut
In Westbrook, 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. Assessment notices in Westbrook 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 Westbrook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Westbrook are both $5500, found in the zip code 06498.
Average Westbrook Assessed Value
$257,870
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 Westbrook, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06498 | $129,920 | $191,810 | $257,870 | $348,130 | $521,580 |
Source: Ownwell
Property Tax Bills Across Westbrook, Connecticut
In Westbrook, CT, property tax bills are calculated based on the assessed value of a home, which is typically 70% of its market value. The local tax rate, or mill rate, is then applied to this assessed value. For example, with a median home price of $257,870, the assessed value would be approximately $180,509. Factors influencing the tax bill include property size, location, and any improvements made to the property. Westbrook homeowners can expect varying tax bills, with the 25th percentile at $4,102 and the 75th percentile reaching $7,440. The highest tax bills, in the 90th percentile, can go up to $11,219. Compared to the national median property tax rate of 0.99%, Westbrook's tax burden can be relatively high, impacting household budgets significantly. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Westbrook Tax Bill
$5,500
Average Middlesex County Tax Bill
$5,804
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Westbrook, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06498 | $2,825 | $4,102 | $5,500 | $7,440 | $11,219 |
Source: Ownwell