Willington, Connecticut Property Taxes
The median property tax rate in Willington, CT is 3.22%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Willington, the typical annual property tax bill reaches $4,693, exceeding the national median of $2,690. Property taxes in Willington 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 Willington'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 Willington 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
Willington, Connecticut Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
3.14%
Estimate Property Tax Bill
$6,280
Ownwell’s Willington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willington 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 Willington, Connecticut
Property taxes in Willington, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Willington is 3.22%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Willington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willington 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 Willington's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06279 zip code has the highest median property tax rate of 3.22%, while the same zip code also has the lowest median tax rate of 3.22%. Understanding how these cities compare with Willington 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 Willington Tax Rate
3.22%
Average Tolland County Tax Rate
3.34%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willington, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06279 | 3.22% | 3.22% | 3.22% | 3.22% | 3.22% |
Source: Ownwell
Property Tax Assessment Values Across Willington, Connecticut
In Willington, Connecticut, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 local 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 Willington, 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. The median home price in Willington is $145,930, with tax bills ranging from $3,871 at the 25th percentile to $7,378 at the 90th percentile. The highest and lowest median tax bills are both $4,693 in the 06279 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Willington Assessed Value
$145,930
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 Willington, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06279 | $89,130 | $120,370 | $145,930 | $185,130 | $229,130 |
Source: Ownwell
Property Tax Bills Across Willington, Connecticut
In Willington, located in Tolland County, CT, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value typically represents a percentage of the property's market value. The tax rate, or mill rate, is then applied to this assessed value to calculate the annual tax bill. For homeowners in Willington, the property tax bill can vary significantly. At the 25th percentile, homeowners might pay around $3,871 annually, while those at the 75th percentile could see bills closer to $5,954. The 90th percentile tax bill reaches approximately $7,378. These property taxes directly impact homeowners, influencing their overall cost of living and potentially affecting property values. With the national median property tax rate at 0.99%, Willington's tax rates highlight the local economic factors at play. Understanding these nuances is crucial for homeowners planning their finances or considering property investments in the area.
Average Willington Tax Bill
$4,693
Average Tolland County Tax Bill
$5,464
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Willington, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06279 | $2,866 | $3,871 | $4,693 | $5,954 | $7,378 |
Source: Ownwell