Somers, Connecticut Property Taxes
The median property tax rate in Somers, CT is 2.83%, significantly higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Somers at $202,600, the typical annual property tax bill reaches $5,744, surpassing the national median of $2,690. Property taxes in Somers 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 Somers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Somers 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
Somers, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.83%
Estimate Property Tax Bill
$5,734
$5,321
Ownwell’s Somers Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Somers with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Somers to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Somers, Connecticut
Property taxes in Somers, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Somers is 2.83%, significantly higher than the U.S. national median of 0.99%. Local government entities in Somers set these rates annually, and they can vary across different neighborhoods. Each year, Somers 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 Somers' effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06071 zip code has the highest median property tax rate of 2.83%, while the same zip code also has the lowest median tax rate of 2.83%. Understanding how these cities compare with Somers 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 Somers Tax Rate
2.83%
Average Tolland County Tax Rate
3.34%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Somers, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06071 | 2.83% | 2.83% | 2.83% | 2.83% | 2.83% |
Source: Ownwell
Property Tax Assessment Values Across Somers, Connecticut
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Somers, Connecticut. 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 Somers, 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 Somers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 06071 has both the highest and lowest median tax bill at $5,744, reflecting the uniformity in tax assessments within the area.
Average Somers Assessed Value
$202,600
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 Somers, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06071 | $135,370 | $166,100 | $202,600 | $252,025 | $307,430 |
Source: Ownwell
Property Tax Bills Across Somers, Connecticut
In Somers, Tolland 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 local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $202,600, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. The 25th percentile tax bill is around $4,713, while those in the 75th percentile pay approximately $7,146. At the higher end, the 90th percentile tax bill reaches about $8,719. These figures highlight the significant impact of property taxes on homeowners in Somers. The highest and lowest median tax bills in the area are both $5,744, indicating a consistent tax rate across different properties. Comparatively, with the national median property tax rate at 0.99%, the tax burden in Somers can be relatively high, affecting homeowners' financial planning and housing affordability.
Average Somers Tax Bill
$5,744
Average Tolland County Tax Bill
$5,464
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Somers, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06071 | $3,847 | $4,713 | $5,744 | $7,146 | $8,719 |
Source: Ownwell