North Haven, Connecticut Property Taxes
The median property tax rate in North Haven, CT is 3.26%, significantly higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in North Haven, the typical annual property tax bill reaches $6,367, far exceeding the national median of $2,690. Property taxes in North Haven are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North 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 North 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
North Haven, Connecticut Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
3.14%
Estimate Property Tax Bill
$6,280
Ownwell’s North Haven Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in North Haven with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Haven to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by New Haven County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across North Haven, Connecticut
Property taxes in North Haven, Connecticut, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in North Haven is 3.26%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within North Haven set these rates annually, and they can vary significantly across different neighborhoods. Each year, North 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 North Haven's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06473 zip code has both the highest and lowest median property tax rate of 3.26%. Understanding how these cities compare with North 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 North Haven Tax Rate
3.26%
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 North Haven, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06473 | 3.26% | 3.26% | 3.26% | 3.27% | 3.27% |
Source: Ownwell
Property Tax Assessment Values Across North Haven, Connecticut
In North 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 local authorities 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 North 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. For example, the median home price in North Haven is $195,070, and the tax bill can range from $5,385 at the 25th percentile to $9,671 at the 90th percentile. Specifically, the highest and lowest median tax bills are both $6,367 in the 06473 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across North Haven, Connecticut
Source: Ownwell
$98,700
$369,750
$640,800
Average North Haven Assessed Value
$195,070
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 North Haven, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06473 | $141,484 | $164,940 | $195,070 | $236,930 | $296,358 |
Source: Ownwell
Property Tax Bills Across North Haven, Connecticut
In North Haven, property tax bills are calculated based on the assessed value of a property, which is derived from a percentage of its market value. The local tax rate, set by New Haven County, is then applied to this assessed value. Homeowners in North Haven typically encounter a median property tax rate higher than the national average of 0.99%, reflecting the region's specific fiscal needs and property values. For instance, the median home price in North Haven stands at $195,070. Depending on the property's assessed value, homeowners might see tax bills ranging from $5,385 at the 25th percentile to $9,671 at the 90th percentile. The highest and lowest median tax bills in North Haven are both recorded at $6,367, indicating a consistent tax rate across different property values within the zip code 06473. These property tax bills significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these factors interplay helps homeowners anticipate their financial responsibilities and plan accordingly.
Average North Haven Tax Bill
$6,367
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 North Haven, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06473 | $4,618 | $5,385 | $6,367 | $7,739 | $9,671 |
Source: Ownwell