Montville, New London County, Connecticut Property Taxes
Median Montville, CT effective property tax rate: 2.78%, significantly higher than the national median of 1.02%, but lower than the Connecticut state median of 3.14%.
Median Montville, CT home value: $124,950
Median annual Montville, CT tax bill: $3,470, $1,070 higher than the national median property tax bill of $2,400.
How are property taxes in New London calculated?
Property taxes in Montville, 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 Montville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Montville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Montville, New London County, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.78%
Estimate Property Tax Bill
$3,474
$3,223
Property Tax Rates Across Montville, New London County, Connecticut
Local government entities set tax rates, which can vary widely within a state. 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.
Montville in New London County, Connecticut, is notable for its property tax landscape. With an effective property tax rate of 2.78%, Montville stands out compared to other cities in Connecticut. This rate is significantly higher than the national median property tax rate of 1.02%. The higher rate reflects the county's budgetary needs and the total assessed value of properties.
For homeowners in Montville, this means a property tax bill that is considerably above the national median of $2,400. Understanding these rates is crucial for property owners looking to manage their expenses and explore potential savings through appeals or exemptions. Montville's distinct tax profile highlights the importance of being informed about local tax dynamics to make the most of property investments.
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 Montville Tax Rate
2.78%
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 Montville, New London County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06353 | 2.78% | 2.78% | 2.78% | 2.78% | 2.78% |
Source: Ownwell
Property Tax Assessment Values Across Montville, New London County, Connecticut
When examining property taxes in Montville, Connecticut, 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 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 Montville. For example, the median home price in Montville is $124,950, with tax bills ranging significantly across the county. Zip code 06353 has the highest median home price at $124,950.
Property Tax Assessment Values Across Montville, New London County, Connecticut
Source: Ownwell
$86,800
$274,225
$461,650
Median Montville Market Value
$124,950
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 Montville, New London County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06353 | $17,899 | $87,518 | $124,950 | $163,502 | $220,969 |
Source: Ownwell
Property Tax Bills Across Montville, New London County, Connecticut
Property Tax Bills Across Montville, New London County, Connecticut
Source: Ownwell
$2,672
$6,786
$10,900
Median Montville Tax Bill
$3,470
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 Montville, New London County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06353 | $497 | $2,430 | $3,470 | $4,540 | $6,136 |
Source: Ownwell