Seymour, Connecticut Property Taxes
The median property tax rate in Seymour, CT is 3.60%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Seymour, the typical annual property tax bill reaches $5,914, exceeding the national median of $2,690. Property taxes in Seymour 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 Seymour'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 Seymour 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
Seymour, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.6%
Estimate Property Tax Bill
$5,922
$5,495
Ownwell’s Seymour Property Tax Bill Calculator assists homeowners, real estate investors, and prospective buyers in estimating their annual property taxes in Seymour with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seymour to predict your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the figure assigned by New Haven County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Seymour, Connecticut
Property taxes in Seymour, Connecticut, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Seymour is 3.60%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Seymour set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seymour 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 Seymour's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06483 zip code has the highest median property tax rate of 3.60%, while the same zip code also has the lowest median tax rate of 3.60%. Understanding how these cities compare with Seymour 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 Seymour Tax Rate
3.60%
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 Seymour, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06483 | 3.60% | 3.60% | 3.60% | 3.60% | 3.60% |
Source: Ownwell
Property Tax Assessment Values Across Seymour, Connecticut
In Seymour, 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 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 Seymour, 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 Seymour helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Seymour are both $5,914, found in zip code 06483.
Average Seymour Assessed Value
$164,500
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 Seymour, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06483 | $99,855 | $132,178 | $164,500 | $210,770 | $264,950 |
Source: Ownwell
Property Tax Bills Across Seymour, Connecticut
In Seymour, located in New Haven County, CT, property tax bills are calculated based on the assessed value of a property, 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. Various factors influence the assessed value, including the property's size, location, and condition. Homeowners in Seymour can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $4,755, while at the 75th percentile, it rises to approximately $7,584. Those at the 90th percentile face even higher bills, reaching up to $9,532. The median home price in Seymour is $164,500, which can give homeowners a rough estimate of what to expect in terms of property taxes. Compared to the national median property tax rate of 0.99%, Seymour's property tax rates can have a substantial impact on homeowners, making it essential for them to understand how their tax bills are determined and budget accordingly.
Average Seymour Tax Bill
$5,914
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 Seymour, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06483 | $3,585 | $4,755 | $5,914 | $7,584 | $9,532 |
Source: Ownwell