Waterbury, New Haven County, Connecticut Property Taxes

Name: Property Tax Bills Across Waterbury, New Haven County, Connecticut
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Waterbury, CT effective property tax rate: 5.42%, significantly higher than the national median of 1.02%, but lower than the Connecticut state median of 3.14%.
Median Waterbury, CT home value: $125,510
Median annual Waterbury, CT tax bill: $6,801, $4,401 higher than the national median property tax bill of $2,400.

How are property taxes in New Haven calculated?

Property taxes in Waterbury, CT are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding Waterbury’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waterbury, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Waterbury, New Haven County, Connecticut Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

5.42%

Estimate Property Tax Bill

$6,803

$6,313

Ownwell’s Waterbury Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waterbury with just two data points. By entering your property's estimated assessed value, our calculator applies Waterbury’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in New Haven County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Waterbury, New Haven County, Connecticut

Local government entities in Connecticut, like elsewhere, set tax rates that can vary significantly across the state. This variation arises because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. In Waterbury, located in New Haven County, the effective property tax rate stands out compared to other cities within Connecticut. The median property tax rate in Waterbury is notably higher than both the state and national medians, with the local rate at 5.42%. This is a stark contrast to the national median property tax rate of 1.02%. Such a high rate in Waterbury reflects the local government's financial needs and the assessed value of properties in the area. Comparing Waterbury's tax rate to the national average highlights the significant differences that can exist within the property tax landscape across the United States. Understanding these variations is crucial for property owners who seek to manage their tax liabilities effectively.

Property Tax Rates Across Waterbury, New Haven County, Connecticut

Source: Ownwell

2.25%

3.94%

5.64%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Waterbury Tax Rate

5.42%

Median Effective New Haven County Tax Rate

3.48%

Median Effective Connecticut Tax Rate

3.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Waterbury, New Haven County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
06702	5.42%	5.42%	5.42%	5.42%	5.42%
06704	5.42%	5.42%	5.42%	5.42%	5.42%
06705	5.42%	5.42%	5.42%	5.42%	5.42%
06706	5.42%	5.42%	5.42%	5.42%	5.42%
06708	5.42%	5.42%	5.42%	5.42%	5.42%
06710	5.42%	5.42%	5.42%	5.42%	5.42%
06701	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Waterbury, New Haven County, Connecticut

When examining property taxes in Waterbury, CT, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The New Haven County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In New Haven County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Waterbury. For example, the median home price in Waterbury is $125,510, with tax bills ranging significantly across the county. Zip code 06708 has the highest median home price at $142,450.

Property Tax Assessment Values Across Waterbury, New Haven County, Connecticut

Source: Ownwell

$98,700

$214,498

$330,295

Median Waterbury Market Value

$125,510

Median New Haven County Market Value

$174,720

Median Connecticut Market Value

$189,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Waterbury, New Haven County, Connecticut

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
06702	$60,438	$77,350	$98,700	$112,560	$135,114
06704	$50,715	$81,410	$113,470	$145,618	$174,090
06705	$64,820	$92,120	$117,110	$148,960	$177,730
06706	$68,040	$98,980	$122,220	$148,855	$176,960
06708	$81,326	$113,820	$142,450	$173,950	$206,430
06710	$58,394	$78,260	$123,970	$159,950	$196,518
06701	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Waterbury, New Haven County, Connecticut

In Waterbury, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The property tax rate is applied to this assessed value to determine the tax bill. Factors influencing the tax bill include the property's location, size, and any improvements made. In Waterbury, the property tax bill can vary significantly, with the 25th percentile at $5,216 and the 75th percentile reaching $8,580. Notably, some areas like the 06708 zip code have the highest median tax bill at $7,719, which is substantially higher than the national median property tax bill of $2,400. This can place a considerable financial burden on homeowners. However, Ownwell offers a solution by providing property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially lower their assessed value, leading to reduced tax bills. This not only eases financial strain but also ensures that homeowners are not overpaying on their property taxes.

Property Tax Bills Across Waterbury, New Haven County, Connecticut

Source: Ownwell

$4,651

$8,224

$11,796

Median Waterbury Tax Bill

$6,801

Median New Haven County Tax Bill

$6,350

Median Connecticut Tax Bill

$6,162

Median United States Tax Bill

$2,400

Property Tax Bills Across Waterbury, New Haven County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
06702	$3,275	$4,192	$5,349	$6,100	$7,322
06704	$2,749	$4,412	$6,149	$7,891	$9,434
06705	$3,513	$4,992	$6,342	$8,049	$9,615
06706	$3,687	$5,364	$6,623	$8,066	$9,578
06708	$4,396	$6,168	$7,719	$9,426	$11,186
06710	$3,165	$4,241	$6,718	$8,668	$10,650
06701	N/A	N/A	N/A	N/A	N/A

Source: Ownwell