Chaplin, Connecticut Property Taxes
The median property tax rate in Chaplin, CT is 3.55%, significantly higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Chaplin, the typical annual property tax bill reaches $4,380, far exceeding the national median of $2,690. Property taxes in Chaplin 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 Chaplin'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 Chaplin 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
Chaplin, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.55%
Estimate Property Tax Bill
$4,381
Ownwell’s Chaplin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chaplin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chaplin 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 Chaplin, Connecticut
Property taxes in Chaplin, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chaplin is 3.55%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Chaplin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chaplin 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 Chaplin's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06235 zip code has the highest median property tax rate of 3.55%, while the same zip code also has the lowest median tax rate of 3.55%. Understanding how these cities compare with Chaplin 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 Chaplin Tax Rate
3.55%
Average Windham County Tax Rate
2.75%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chaplin, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06235 | 3.55% | 3.55% | 3.55% | 3.55% | 3.55% |
Source: Ownwell
Property Tax Assessment Values Across Chaplin, Connecticut
In Chaplin, 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 Chaplin, 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 Chaplin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 06235, with a median tax bill of $4,380.
Average Chaplin Assessed Value
$123,400
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 Chaplin, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06235 | $71,430 | $99,825 | $123,400 | $151,700 | $191,280 |
Source: Ownwell
Property Tax Bills Across Chaplin, Connecticut
In Chaplin, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and is a percentage of the property's market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, in Windham County, the median home price is $123,400, and property tax rates vary within the county. Several factors influence the tax bill, including the home's location, size, and any applicable exemptions. Homeowners in Chaplin can expect a tax bill ranging from $3,544 at the 25th percentile to $6,791 at the 90th percentile. The median tax bill in the area stands at $4,380, which is significantly higher than the national median property tax rate of 0.99%. These property taxes fund essential community services such as schools, public safety, and infrastructure. Consequently, while higher property taxes can be a financial burden, they also contribute to the overall quality of life in Chaplin.
Average Chaplin Tax Bill
$4,380
Average Windham County Tax Bill
$4,074
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Chaplin, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06235 | $2,536 | $3,544 | $4,380 | $5,385 | $6,791 |
Source: Ownwell