Orange, Connecticut Property Taxes
The median property tax rate in Orange, CT is 3.23%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Orange, the typical annual property tax bill reaches $7,884, exceeding the national median of $2,690. Property taxes in Orange 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 Orange'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 Orange 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
Orange, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.23%
Estimate Property Tax Bill
$7,880
$7,312
Ownwell’s Orange Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orange with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orange 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 Orange, Connecticut
Property taxes in Orange, Connecticut, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orange is 3.23%, significantly higher than the U.S. national median of 0.99%. Local government entities within Orange set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orange 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 Orange's effective property tax rate to other areas and the national median. For comparison, the 06477 zip code has the highest median property tax rate of 3.23%, while the same zip code also has the lowest median tax rate of 3.23%. Understanding how these areas compare with Orange 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 Orange Tax Rate
3.23%
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 Orange, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06477 | 3.23% | 3.23% | 3.23% | 3.23% | 3.23% |
Source: Ownwell
Property Tax Assessment Values Across Orange, Connecticut
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Orange, 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 Orange, 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. The zip code with the highest median tax bill in Orange is 06477, amounting to $7,884. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Orange Assessed Value
$243,950
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 Orange, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06477 | $184,910 | $213,400 | $243,950 | $290,900 | $373,280 |
Source: Ownwell
Property Tax Bills Across Orange, Connecticut
In Orange, located in New Haven County, CT, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $243,950 in Orange, homeowners see varying tax bills depending on their property's assessed value and specific circumstances. Factors such as property location, improvements, and market conditions play significant roles in determining the assessed value. In Orange, property tax bills range widely, with the 25th percentile at $6,895 and the 75th percentile at $9,401. At the 90th percentile, tax bills can reach up to $12,060. This variability directly impacts homeowners, influencing their annual financial planning and overall cost of homeownership. The median tax bill in Orange, pegged at $7,884, is notably higher than the national median property tax rate of 0.99%, reflecting the region's higher property values and tax rates.
Average Orange Tax Bill
$7,884
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 Orange, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06477 | $5,974 | $6,895 | $7,884 | $9,401 | $12,060 |
Source: Ownwell