Groton, New London County, Connecticut Property Taxes
Median Groton, CT effective property tax rate: 2.58%, significantly higher than the national median of 1.02%, but lower than the Connecticut state median of 3.14%.
Median Groton, CT home value: $165,900
Median annual Groton, CT tax bill: $4,350, $1,950 higher than the national median property tax bill of $2,400.
How are property taxes in New London calculated?
Property taxes in Groton, 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 Groton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Groton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Groton, New London County, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.58%
Estimate Property Tax Bill
$4,280
$3,972
Property Tax Rates Across Groton, New London County, Connecticut
Local government entities determine tax rates, which can significantly differ within a state. This variation arises because each county annually calculates its budget needs to provide essential services and divides this by the total assessed value of all taxable properties within its area. This process determines the property tax rate. While the setting of tax rates and budgets involves votes and legislation, this is the fundamental annual procedure.
In Groton, located in New London County, the effective property tax rate is notably higher than both the Connecticut state median and the national median. Connecticut's median property tax rate is significantly above the national median of 1.02%. This means property owners in Groton face a higher tax burden compared to many other regions. Such a high tax rate can impact homeowners' expenses, making it crucial for property owners to explore potential tax appeal and exemption opportunities. Comparing Groton’s tax rate to other cities in Connecticut and across the U.S. highlights the importance of understanding local tax dynamics and seeking professional assistance when necessary.
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 Groton Tax Rate
2.58%
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 New London County Tax Rate
2.72%
Median Effective Connecticut Tax Rate
3.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Groton, New London County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06340 | 2.36% | 2.55% | 2.58% | 2.72% | 2.72% |
| 06355 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Groton, New London County, Connecticut
When examining property taxes in Groton, 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 London 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 London County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Groton.
For example, the median home price in Groton is $165,900, with tax bills ranging significantly across the county. Zip code 06340 has the highest median home price at $165,900.
Property Tax Assessment Values Across Groton, New London County, Connecticut
Source: Ownwell
$86,800
$274,225
$461,650
Median Groton Market Value
$165,900
Median New London County Market Value
$177,100
Median Connecticut Market Value
$189,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Groton, New London County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06340 | $73,780 | $114,800 | $165,900 | $253,470 | $491,722 |
| 06355 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Groton, New London County, Connecticut
In Groton, Connecticut, property tax bills are determined by the assessed value of a home, which is a percentage of the market value, multiplied by the local tax rate. The median home price in Groton is $165,900, resulting in a median tax bill of $4,348. This is significantly higher than the national median property tax bill of $2,400, reflecting Connecticut's higher-than-average property tax rates. Factors such as property improvements, neighborhood changes, and local government budgets can influence assessments and, consequently, tax bills. For many homeowners, this can mean a substantial financial burden, especially when tax bills reach the 90th percentile at $12,083.
Ownwell offers a solution by assisting homeowners in appealing their property tax assessments. By analyzing local market conditions and property specifics, Ownwell identifies potential discrepancies in assessed values. This service can lead to significant savings, reducing the financial strain on homeowners. With expertise in navigating complex tax codes, Ownwell helps ensure that homeowners in Groton are not overpaying on their property taxes.
Median Groton Tax Bill
$4,350
Median New London County Tax Bill
$4,738
Median Connecticut Tax Bill
$6,162
Median United States Tax Bill
$2,400
Property Tax Bills Across Groton, New London County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06340 | $2,009 | $3,063 | $4,348 | $6,435 | $12,077 |
| 06355 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell