Yalesville, Connecticut Property Taxes
The median property tax rate in Yalesville, CT is 2.93%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Yalesville, the typical annual property tax bill reaches $4,958, exceeding the national median of $2,690. Property taxes in Yalesville 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 Yalesville'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 Yalesville or another part of New Haven County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yalesville, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.93%
Estimate Property Tax Bill
$4,952
$4,595
Ownwell’s Yalesville Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Yalesville. By simply entering your property's estimated assessed value, the calculator uses the median tax rate for Yalesville to provide an accurate estimate of your property tax bill. This practical tool helps you gauge potential tax liabilities, allowing for better financial planning. For those interested in more granular insights, additional localized information is available further down the page. Your property’s assessed value, determined by New Haven County, is used for these calculations and takes into account any applicable exemptions.
Property Tax Rates Across Yalesville, Connecticut
Property taxes in Yalesville, Connecticut, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Yalesville is 2.93%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Yalesville set these rates annually, and they can vary across different neighborhoods. Each year, Yalesville 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 Yalesville's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06492 zip code has the highest median property tax rate of 2.93%, while the same zip code also has the lowest median tax rate of 2.93%. Understanding how these cities compare with Yalesville 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 Yalesville Tax Rate
2.93%
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 Yalesville, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06492 | 2.93% | 2.93% | 2.93% | 2.93% | 2.93% |
Source: Ownwell
Property Tax Assessment Values Across Yalesville, Connecticut
In Yalesville, 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 Assessor 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 Yalesville, 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 Yalesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills, both at $4,958, are found in the 06492 zip code.
Average Yalesville Assessed Value
$169,000
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 Yalesville, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06492 | $123,300 | $142,600 | $169,000 | $209,550 | $239,400 |
Source: Ownwell
Property Tax Bills Across Yalesville, Connecticut
In Yalesville, 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. Homeowners in Yalesville face a median property tax rate significantly higher than the national average of 0.99%. The median home price in Yalesville is $169,000, and property tax bills can vary widely. For example, the 25th percentile tax bill is $4,184, while the 75th percentile tax bill reaches $6,148. At the 90th percentile, homeowners could pay as much as $7,024 in property taxes. Several factors influence these tax bills, including the home's assessed value, local tax rates, and any applicable exemptions. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and long-term financial planning. Understanding these factors is crucial for homeowners to budget effectively and explore potential tax relief options.
Average Yalesville Tax Bill
$4,958
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 Yalesville, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06492 | $3,618 | $4,184 | $4,958 | $6,148 | $7,024 |
Source: Ownwell