Glastonbury, Connecticut Property Taxes
The median property tax rate in Glastonbury, CT is 4.38%, significantly higher than both the national median of 0.99% and Connecticut's state median of 3.14%. With the median home value in Glastonbury at $361,000, the typical annual property tax bill reaches $15,819, far exceeding the national median of $2,690. Property taxes in Glastonbury are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Glastonbury'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 Glastonbury or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glastonbury, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.38%
Estimate Property Tax Bill
$15,812
$14,673
Ownwell’s Glastonbury Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Glastonbury with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Glastonbury to project your property tax bill. This valuable tool helps you grasp potential tax responsibilities. For those interested in exploring trends at a neighborhood level, more localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Glastonbury, Connecticut
Property taxes in Glastonbury, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glastonbury is 4.38%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Glastonbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glastonbury 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 Glastonbury's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06033 zip code has the highest median property tax rate of 4.38%, while the same zip code also has the lowest median tax rate of 4.38%. Understanding how these cities compare with Glastonbury provides valuable insights into the varying tax landscape across Tolland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glastonbury Tax Rate
4.38%
Average Tolland County Tax Rate
3.34%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glastonbury, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06033 | 4.38% | 4.38% | 4.38% | 4.38% | 4.38% |
Source: Ownwell
Property Tax Assessment Values Across Glastonbury, Connecticut
In Glastonbury, 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 Tolland County Appraisal District 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 Glastonbury, 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 Glastonbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Glastonbury are both found in the 06033 zip code, amounting to $15,819.
Property Tax Assessment Values Across Glastonbury, Connecticut
Source: Ownwell
$20,800
$274,665
$528,530
Average Glastonbury Assessed Value
$361,000
Average Tolland County Assessed Value
$164,900
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glastonbury, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06033 | $304,200 | $312,900 | $361,000 | $396,500 | $446,500 |
Source: Ownwell
Property Tax Bills Across Glastonbury, Connecticut
In Glastonbury, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. This assessed value is typically a percentage of the market value of the property. The tax rate, or mill rate, is then applied to this assessed value to calculate the annual tax bill. Several factors influence the assessed value, including the size of the property, its location, and the condition of the home. In Glastonbury, homeowners can expect to pay a median property tax bill of approximately $15,819, which is significantly higher than the national median property tax rate of 0.99%. For example, homes at the 25th percentile have tax bills around $13,711, while those at the 75th percentile reach up to $17,375. Homeowners at the 90th percentile face tax bills as high as $19,566. These high tax bills can significantly impact homeowners' annual expenses, making it crucial for them to understand how their property taxes are calculated and what factors may influence their assessments.
Average Glastonbury Tax Bill
$15,819
Average Tolland County Tax Bill
$5,464
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Glastonbury, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06033 | $13,330 | $13,711 | $15,819 | $17,375 | $19,566 |
Source: Ownwell