New London County Property Taxes
The median property tax rate in New London County is 2.72%, which is significantly higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in New London County at $177,100, the typical annual property tax bill reaches $4,738, exceeding the national median of $2,690. Property taxes in New London County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding New London County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in New London or another part of New London County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New London County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.72%
Estimate Property Tax Bill
$4,817
$4,470
Ownwell’s New London Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in New London with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in New London to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across New London County, Connecticut
Property taxes in New London play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in New London is 2.72%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within New London set these rates annually, and they can vary significantly between different areas within the county. Each year, New London estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Norwich has one of the higher property tax rates in Connecticut at 4.19%, while the city of Pawcatuck boasts one of the lowest at 1.91%. Analyzing how New London's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average New London County Tax Rate
2.72%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across New London County, Connecticut
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amston | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% |
| Baltic | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% |
| Bozrah | 2.25% | 2.25% | 2.25% | 2.25% | 2.25% |
| Colchester | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% |
| East Haddam | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% |
| East Lyme | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% |
| Franklin | 2.30% | 2.30% | 2.30% | 2.30% | 2.30% |
| Gales Ferry | 3.46% | 3.46% | 3.46% | 3.46% | 3.46% |
| Gilman | 2.25% | 2.25% | 2.25% | 2.25% | 2.25% |
| Griswold | 2.51% | 2.51% | 2.90% | 2.90% | 2.90% |
| Groton | 2.36% | 2.55% | 2.58% | 2.72% | 2.72% |
| Hanover | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% |
| Jewett City | 2.34% | 2.34% | 2.51% | 2.51% | 2.90% |
| Lebanon | 2.90% | 2.90% | 2.90% | 2.90% | 2.90% |
| Ledyard | 3.46% | 3.46% | 3.46% | 3.46% | 3.46% |
| Lisbon | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% |
| Lyme | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% |
| Montville | 2.78% | 2.78% | 2.78% | 2.78% | 2.78% |
| Mystic | 1.91% | 1.98% | 2.43% | 2.45% | 2.45% |
| New London | 3.72% | 3.72% | 3.72% | 3.72% | 3.72% |
| Niantic | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% |
| Noank | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% |
| North Franklin | 2.30% | 2.30% | 2.30% | 2.30% | 2.30% |
| North Stonington | 2.90% | 2.90% | 2.90% | 2.90% | 2.90% |
| Norwich | 4.18% | 4.18% | 4.19% | 4.86% | 4.86% |
| Oakdale | 2.78% | 2.78% | 2.78% | 2.78% | 2.78% |
| Old Lyme | 1.95% | 2.35% | 2.35% | 2.35% | 2.35% |
| Pawcatuck | 1.82% | 1.90% | 1.91% | 1.91% | 1.91% |
| Preston | 2.29% | 2.29% | 2.30% | 2.30% | 2.30% |
| Quaker Hill | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% |
| Salem | 2.88% | 2.88% | 2.88% | 2.88% | 2.88% |
| South Lyme | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% |
| Sprague | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% |
| Stonington | 1.79% | 1.82% | 1.92% | 1.97% | 1.99% |
| Taftville | 4.18% | 4.18% | 4.18% | 4.19% | 4.19% |
| Uncasville | 2.78% | 2.78% | 2.78% | 2.78% | 2.78% |
| Versailles | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% |
| Voluntown | 2.78% | 2.78% | 2.78% | 2.78% | 2.78% |
| Waterford | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% |
| Willimantic | 2.90% | 2.90% | 2.90% | 2.90% | 2.90% |
| Yantic | 4.18% | 4.18% | 4.18% | 4.19% | 4.19% |
Source: Ownwell
Property Tax Assessment Values Across New London County, Connecticut
In New London County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the New London County Appraisal District. The assessed value, however, 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. Assessment notices in New London County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in New London County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In New London County, the city with the highest median tax bill is Franklin at $39,393, while Sprague has the lowest at $2,115. The median home price in the county is $177,100, with tax bills ranging from $3,691 at the 25th percentile to $8,543 at the 90th percentile.
Property Tax Assessment Values Across New London County, Connecticut
Source: Ownwell
$74,200
$894,585
$1,714,970
Average New London County Assessed Value
$177,100
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New London County, Connecticut
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amston | $230,030 | $255,875 | $298,950 | $342,025 | $367,870 |
| Baltic | $123,672 | $147,290 | $171,460 | $211,700 | $256,416 |
| Bozrah | $127,806 | $149,660 | $183,960 | $230,650 | $286,111 |
| Colchester | $126,130 | $155,875 | $196,550 | $244,500 | $298,640 |
| East Haddam | $330,033 | $330,033 | $330,033 | $330,033 | $330,033 |
| East Lyme | $176,225 | $207,690 | $263,830 | $345,012 | $451,822 |
| Franklin | $1,714,970 | $1,714,970 | $1,714,970 | $1,714,970 | $1,714,970 |
| Gales Ferry | $109,984 | $138,597 | $163,730 | $199,605 | $230,734 |
| Gilman | $140,322 | $158,270 | $216,230 | $256,760 | $325,906 |
| Griswold | $93,807 | $104,965 | $121,380 | $147,858 | $179,123 |
| Groton | $73,780 | $114,800 | $165,900 | $253,795 | $491,862 |
| Hanover | $132,594 | $157,650 | $201,400 | $346,360 | $401,320 |
| Jewett City | $78,078 | $125,370 | $157,740 | $207,045 | $264,164 |
| Lebanon | $96,215 | $125,580 | $157,125 | $193,842 | $232,112 |
| Ledyard | $82,740 | $129,360 | $159,016 | $207,760 | $250,117 |
| Lisbon | $116,406 | $139,052 | $177,400 | $209,082 | $242,457 |
| Lyme | $73,175 | $91,839 | $137,000 | $218,500 | $352,425 |
| Montville | $17,899 | $87,518 | $124,950 | $163,502 | $220,969 |
| Mystic | $147,889 | $194,950 | $272,895 | $365,568 | $515,431 |
| New London | $61,999 | $86,310 | $104,580 | $130,760 | $169,834 |
| Niantic | $145,530 | $180,075 | $215,390 | $277,620 | $409,458 |
| Noank | $361,221 | $420,805 | $461,650 | $497,595 | $539,021 |
| North Franklin | $112,885 | $131,492 | $159,035 | $197,560 | $245,694 |
| North Stonington | $105,105 | $136,570 | $173,285 | $220,028 | $270,473 |
| Norwich | $54,300 | $76,000 | $94,100 | $116,000 | $152,290 |
| Oakdale | $114,520 | $134,295 | $162,120 | $222,565 | $267,400 |
| Old Lyme | $153,590 | $194,125 | $246,500 | $335,100 | $498,070 |
| Pawcatuck | $170,420 | $198,200 | $242,300 | $325,600 | $438,760 |
| Preston | $139,013 | $165,392 | $206,605 | $266,682 | $323,904 |
| Quaker Hill | $146,543 | $167,332 | $199,910 | $244,630 | $311,216 |
| Salem | $115,300 | $157,400 | $199,000 | $253,600 | $319,020 |
| South Lyme | $255,500 | $255,500 | $255,500 | $255,500 | $255,500 |
| Sprague | $26,767 | $51,295 | $74,200 | $82,070 | $102,623 |
| Stonington | $191,090 | $268,125 | $391,300 | $572,600 | $911,650 |
| Taftville | $68,700 | $77,800 | $86,800 | $99,800 | $118,060 |
| Uncasville | $83,748 | $122,010 | $141,120 | $169,662 | $210,819 |
| Versailles | $183,709 | $250,592 | $362,064 | $473,536 | $540,419 |
| Voluntown | $95,153 | $117,808 | $154,015 | $193,625 | $240,958 |
| Waterford | $132,430 | $163,150 | $210,830 | $276,170 | $394,680 |
| Willimantic | $177,000 | $177,000 | $177,000 | $177,000 | $177,000 |
| Yantic | $66,000 | $79,400 | $108,200 | $127,300 | $158,480 |
Source: Ownwell
Property Tax Bills Across New London County, Connecticut
In New London 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 median home price in the county is $177,100. Local tax authorities determine the tax rate, which is then applied to the assessed value to calculate the tax bill. Factors such as property location, improvements, and market conditions play a significant role in determining the assessed value. Homeowners in New London County experience varying tax bills. For instance, the tax bill at the 25th percentile is $3,691, while at the 75th percentile, it rises to $6,338, and at the 90th percentile, it can reach up to $8,543. These figures show that property taxes can significantly impact household budgets. Comparatively, New London County's tax rates can be higher than the national median property tax rate of 0.99%, highlighting the importance of understanding local property tax structures for effective financial planning.
Average New London County Tax Bill
$4,738
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across New London County, Connecticut
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amston | $6,261 | $6,964 | $8,137 | $9,310 | $10,013 |
| Baltic | $3,525 | $4,193 | $4,884 | $6,033 | $7,308 |
| Bozrah | $2,922 | $3,390 | $4,171 | $5,189 | $6,438 |
| Colchester | $3,433 | $4,243 | $5,350 | $6,655 | $8,129 |
| East Haddam | $6,436 | $6,436 | $6,436 | $6,436 | $6,436 |
| East Lyme | $4,384 | $5,167 | $6,564 | $8,584 | $11,241 |
| Franklin | $39,393 | $39,393 | $39,393 | $39,393 | $39,393 |
| Gales Ferry | $3,801 | $4,789 | $5,659 | $6,898 | $7,974 |
| Gilman | $3,157 | $3,561 | $4,865 | $5,777 | $7,333 |
| Griswold | $2,616 | $2,962 | $3,425 | $4,232 | $4,984 |
| Groton | $2,009 | $3,063 | $4,350 | $6,438 | $12,083 |
| Hanover | $3,779 | $4,493 | $5,740 | $9,871 | $11,438 |
| Jewett City | $2,137 | $3,170 | $3,942 | $5,131 | $6,466 |
| Lebanon | $2,790 | $3,640 | $4,556 | $5,617 | $6,731 |
| Ledyard | $2,859 | $4,471 | $5,494 | $7,178 | $8,631 |
| Lisbon | $2,727 | $3,258 | $4,156 | $4,899 | $5,681 |
| Lyme | $1,427 | $1,791 | $2,672 | $4,261 | $6,872 |
| Montville | $497 | $2,430 | $3,470 | $4,540 | $6,136 |
| Mystic | $3,582 | $4,590 | $6,212 | $8,124 | $11,300 |
| New London | $2,314 | $3,222 | $3,900 | $4,872 | $6,363 |
| Niantic | $3,621 | $4,480 | $5,359 | $6,907 | $10,187 |
| Noank | $8,529 | $9,936 | $10,900 | $11,748 | $12,726 |
| North Franklin | $2,593 | $3,021 | $3,653 | $4,538 | $5,660 |
| North Stonington | $3,047 | $3,959 | $5,024 | $6,378 | $7,841 |
| Norwich | $2,550 | $3,457 | $4,239 | $5,117 | $6,579 |
| Oakdale | $3,180 | $3,729 | $4,502 | $6,181 | $7,426 |
| Old Lyme | $3,466 | $4,453 | $5,609 | $7,598 | $11,112 |
| Pawcatuck | $3,216 | $3,740 | $4,569 | $6,124 | $8,223 |
| Preston | $3,194 | $3,798 | $4,743 | $6,124 | $7,439 |
| Quaker Hill | $3,114 | $3,560 | $4,243 | $5,210 | $6,598 |
| Salem | $3,321 | $4,530 | $5,728 | $7,304 | $9,188 |
| South Lyme | $6,004 | $6,004 | $6,004 | $6,004 | $6,004 |
| Sprague | $763 | $1,462 | $2,115 | $2,339 | $2,925 |
| Stonington | $3,566 | $4,997 | $7,385 | $10,694 | $17,276 |
| Taftville | $2,875 | $3,256 | $3,633 | $4,177 | $5,010 |
| Uncasville | $2,326 | $3,388 | $3,918 | $4,708 | $5,834 |
| Versailles | $5,236 | $7,142 | $10,319 | $13,496 | $15,402 |
| Voluntown | $2,642 | $3,272 | $4,277 | $5,377 | $6,692 |
| Waterford | $2,808 | $3,460 | $4,470 | $5,861 | $8,367 |
| Willimantic | $5,133 | $5,133 | $5,133 | $5,133 | $5,133 |
| Yantic | $2,762 | $3,323 | $4,528 | $5,328 | $6,633 |
Source: Ownwell
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