New Haven, Connecticut Property Taxes
The median property tax rate in New Haven, CT is 3.72%, significantly higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in New Haven, the typical annual property tax bill reaches $6,208, far exceeding the national median of $2,690. Property taxes in New Haven 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 New Haven'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 New Haven 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
New Haven, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.72%
Estimate Property Tax Bill
$6,211
$5,763
Ownwell’s New Haven Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Haven with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Haven 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 New Haven, Connecticut
Property taxes in New Haven, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Haven is 3.72%, significantly higher than the U.S. national median of 0.99%. Local government entities within New Haven set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Haven 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 New Haven's effective property tax rate to other areas in Connecticut and the national median. For comparison, the 06510 zip code has the highest median property tax rate of 3.93%, while the 06515 zip code has the lowest median tax rate of 3.72%. Understanding how these areas compare with New Haven 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 New Haven Tax Rate
3.72%
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 New Haven, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06510 | 3.72% | 3.72% | 3.93% | 3.93% | 3.93% |
| 06511 | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% |
| 06512 | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% |
| 06513 | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% |
| 06515 | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% |
| 06519 | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% |
Source: Ownwell
Property Tax Assessment Values Across New Haven, Connecticut
In New Haven, 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 New Haven, 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 New Haven helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In New Haven, the highest median tax bill is $9,390 in zip code 06510, while the lowest is $5,138 in zip code 06513.
Average New Haven Assessed Value
$166,950
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 New Haven, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06510 | $107,828 | $149,835 | $242,970 | $307,615 | $494,662 |
| 06511 | $115,430 | $149,870 | $201,810 | $288,190 | $450,135 |
| 06512 | $101,150 | $144,340 | $170,380 | $198,170 | $231,686 |
| 06513 | $54,950 | $105,875 | $138,460 | $170,870 | $200,018 |
| 06515 | $101,220 | $135,450 | $178,920 | $239,400 | $290,248 |
| 06519 | $98,070 | $120,050 | $146,860 | $174,020 | $202,664 |
Source: Ownwell
Property Tax Bills Across New Haven, Connecticut
In New Haven, CT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value of the property, and this figure is then multiplied by the tax rate set by local authorities. For instance, the median home price in New Haven is $166,950, and tax bills can vary significantly depending on the specific area and property value. Several factors influence the tax bill, including the location within the city. For example, the highest median tax bill in New Haven is $9,390 in the 06510 zip code, whereas the lowest median tax bill is $5,138 in the 06513 zip code. Homeowners may see tax bills ranging from $4,802 at the 25th percentile to $11,268 at the 90th percentile. Given that the national median property tax rate is 0.99%, New Haven's property tax rates can significantly impact homeowners, often resulting in higher-than-average tax bills compared to other regions.
Average New Haven Tax Bill
$6,208
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 New Haven, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06510 | $4,242 | $5,630 | $9,390 | $11,524 | $18,721 |
| 06511 | $4,311 | $5,592 | $7,512 | $10,737 | $16,752 |
| 06512 | $3,729 | $5,362 | $6,336 | $7,362 | $8,619 |
| 06513 | $2,044 | $3,924 | $5,138 | $6,339 | $7,425 |
| 06515 | $3,765 | $5,036 | $6,656 | $8,896 | $10,797 |
| 06519 | $3,648 | $4,466 | $5,463 | $6,474 | $7,540 |
Source: Ownwell