Naugatuck, Connecticut Property Taxes
The median property tax rate in Naugatuck, CT is 4.48%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Naugatuck, the typical annual property tax bill reaches $7,348, exceeding the national median of $2,690. Property taxes in Naugatuck 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 Naugatuck'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 Naugatuck 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
Naugatuck, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.48%
Estimate Property Tax Bill
$7,357
$6,827
Ownwell’s Naugatuck Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Naugatuck with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Naugatuck 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 Naugatuck, Connecticut
Property taxes in Naugatuck, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Naugatuck is 4.48%, significantly higher than the U.S. national median of 0.99%. Local government entities within Naugatuck set these rates annually, and they can vary across different neighborhoods. Each year, Naugatuck 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 Naugatuck's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06770 zip code has the highest median property tax rate of 4.48%, while the 06770 zip code also has the lowest median tax rate of 4.48%. Understanding how these cities compare with Naugatuck provides valuable insights into the varying tax landscape across New Haven County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Naugatuck Tax Rate
4.48%
Average New Haven County Tax Rate
3.48%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Naugatuck, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06770 | 4.47% | 4.47% | 4.48% | 4.48% | 4.48% |
Source: Ownwell
Property Tax Assessment Values Across Naugatuck, Connecticut
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Naugatuck, Connecticut. 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 New Haven 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 Naugatuck, 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 Naugatuck is $164,220, with the 25th percentile tax bill at $5,881 and the 75th percentile tax bill at $8,724. The highest and lowest median tax bills are both $7,348, found in the 06770 zip code. By understanding 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 Naugatuck helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Naugatuck Assessed Value
$164,220
Average New Haven County Assessed Value
$174,720
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Naugatuck, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06770 | $83,930 | $131,338 | $164,220 | $194,950 | $238,070 |
Source: Ownwell
Property Tax Bills Across Naugatuck, Connecticut
In Naugatuck, New Haven County, CT, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate, known as the mill rate, is then applied to this assessed value to calculate the annual tax bill. Factors such as property size, location, and market trends influence the assessed value. For homeowners in Naugatuck, the median home price is $164,220. Property tax bills can vary significantly, with the 25th percentile bill at $5,881 and the 75th percentile bill reaching $8,724. The 90th percentile tax bill is notably higher at $10,647. Compared to the national median property tax rate of 0.99%, Naugatuck's tax rates result in relatively high tax bills, reflecting the local fiscal policies and public service funding needs. Homeowners must budget for these taxes, as they can significantly impact overall housing costs and affordability in the area.
Average Naugatuck Tax Bill
$7,348
Average New Haven County Tax Bill
$6,350
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Naugatuck, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06770 | $3,756 | $5,881 | $7,348 | $8,724 | $10,647 |
Source: Ownwell