Wolcott, New Haven County, Connecticut Property Taxes

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

Median Wolcott, CT effective property tax rate: 3.19%, significantly higher than the national median of 1.02%, but lower than the Connecticut state median of 3.14%.
Median Wolcott, CT home value: $173,280
Median annual Wolcott, CT tax bill: $5,522, $3,122 higher than the national median property tax bill of $2,400.

How are property taxes in New Haven calculated?

Property taxes in Wolcott, 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 Wolcott’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wolcott, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Wolcott, New Haven County, Connecticut Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.19%

Estimate Property Tax Bill

$5,528

$5,129

Ownwell’s Wolcott Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wolcott with just two data points. By entering your property's estimated assessed value, our calculator applies Wolcott’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 Wolcott, New Haven County, Connecticut

Local government entities set tax rates, which can vary widely within a state. This variation is due to the fact that annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Wolcott in New Haven County, Connecticut, stands out with a notably high effective property tax rate. This rate is significantly above both the state and national medians, reflecting the local government's budgetary needs and the total assessed property values. In comparison, the national median property tax rate is 1.02%, and the median property tax bill is $2,400. Such differences highlight the importance of understanding local property tax landscapes. By comparing Wolcott’s effective property tax rate to other cities in Connecticut and the median property tax rates in Connecticut and the U.S., property owners can better grasp the financial implications of owning property in this region.

Property Tax Rates Across Wolcott, 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 Wolcott Tax Rate

3.19%

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 Wolcott, New Haven County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
06705	3.19%	3.19%	3.19%	3.19%	3.19%
06716	3.19%	3.19%	3.19%	3.19%	3.19%

Source: Ownwell

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

When examining property taxes in Wolcott, 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 Wolcott. For example, the median home price in Wolcott is $173,280, with tax bills ranging significantly across the county. Zip code 06716 has the highest median home price at $173,570.

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

Source: Ownwell

$98,700

$214,498

$330,295

Median Wolcott Market Value

$173,280

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 Wolcott, New Haven County, Connecticut

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
06705	$123,284	$138,875	$149,440	$162,132	$180,141
06716	$127,090	$147,852	$173,570	$221,660	$275,367

Source: Ownwell

Property Tax Bills Across Wolcott, New Haven County, Connecticut

In Wolcott, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In New Haven County, the median property tax bill is significantly higher than the national median of $2,400. Homeowners in Wolcott can expect a median tax bill of $5,532, which is influenced by factors such as the property's location, size, and market trends. The tax bill can range from $4,706 at the 25th percentile to $8,766 at the 90th percentile, highlighting the variation based on property characteristics and valuation.

Ownwell assists homeowners in Wolcott by identifying opportunities for tax savings through appeals and exemptions. By analyzing property assessments and market conditions, Ownwell ensures that homeowners are not overpaying on their tax bills. This service can lead to substantial savings, offering homeowners peace of mind and financial relief from the burden of high property taxes.

Property Tax Bills Across Wolcott, New Haven County, Connecticut

Source: Ownwell

$4,651

$8,224

$11,796

Median Wolcott Tax Bill

$5,522

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 Wolcott, New Haven County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
06705	$4,090	$4,494	$4,778	$5,172	$5,741
06716	$4,050	$4,712	$5,532	$7,064	$8,776

Source: Ownwell