Abington, Connecticut Property Taxes
The median property tax rate in Abington, CT is 2.67%, significantly higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Abington at $156,450, the typical annual property tax bill reaches $4,185, far exceeding the national median of $2,690. Property taxes in Abington 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 Abington'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 Abington or another part of Windham County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Abington, 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 Abington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Abington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abington 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 Abington, Connecticut
Property taxes in Abington, Connecticut, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Abington is 2.67%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Abington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abington 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 Abington's effective property tax rate to other areas in Connecticut and the national median. For comparison, the zip code 06230 has the highest median property tax rate of 2.67%, while the lowest median tax rate is also 2.67% in the same zip code. Understanding how these areas compare with Abington provides valuable insights into the varying tax landscape across Windham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abington Tax Rate
2.67%
Average Windham County Tax Rate
2.75%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abington, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06230 | 2.67% | 2.67% | 2.67% | 2.68% | 2.68% |
Source: Ownwell
Property Tax Assessment Values Across Abington, Connecticut
In Abington, 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 Windham 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 Abington, 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. For example, the median home price in Abington is $156,450, with tax bills ranging from $3,685 at the 25th percentile to $6,400 at the 90th percentile. The highest and lowest median tax bills are both $4,185, found in the 06230 zip code. 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 Abington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Abington Assessed Value
$156,450
Average Windham County Assessed Value
$144,900
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abington, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06230 | $121,200 | $137,775 | $156,450 | $188,372 | $239,254 |
Source: Ownwell
Property Tax Bills Across Abington, Connecticut
In Abington, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the town's assessor and reflects a percentage of the property's market value. For instance, with a median home price of $156,450, homeowners can expect their tax bills to vary widely depending on specific factors. The 25th percentile tax bill is around $3,685, while the 75th percentile reaches up to $5,039, and the 90th percentile can be as high as $6,400. These tax bills are influenced by various factors including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the rates in Abington can significantly impact homeowners' annual expenses. High property taxes can affect affordability and the overall cost of owning a home in the area. Homeowners should be aware of how these calculations work to better manage their financial planning and obligations.
Average Abington Tax Bill
$4,185
Average Windham County Tax Bill
$4,074
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Abington, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06230 | $3,242 | $3,685 | $4,185 | $5,039 | $6,400 |
Source: Ownwell