Plainfield, Connecticut Property Taxes
The median property tax rate in Plainfield, CT is 2.22%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Plainfield, the typical annual property tax bill reaches $3,778, exceeding the national median of $2,690. Property taxes in Plainfield 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 Plainfield'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 Plainfield 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
Plainfield, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.22%
Estimate Property Tax Bill
$3,735
Ownwell’s Plainfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plainfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plainfield 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 Plainfield, Connecticut
Property taxes in Plainfield, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plainfield is 2.22%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Plainfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plainfield 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 Plainfield's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06374 zip code has the highest median property tax rate of 2.22%, while the same zip code also has the lowest median tax rate of 2.22%. Understanding how these cities compare with Plainfield 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 Plainfield Tax Rate
2.22%
Average Windham County Tax Rate
2.75%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plainfield, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06374 | 2.22% | 2.22% | 2.22% | 2.28% | 2.31% |
Source: Ownwell
Property Tax Assessment Values Across Plainfield, Connecticut
In Plainfield, 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 Plainfield, 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 Plainfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 06374 has both the highest and lowest median tax bill, which stands at $3,778.
Average Plainfield Assessed Value
$168,230
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 Plainfield, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06374 | $104,982 | $142,820 | $168,230 | $206,980 | $255,168 |
Source: Ownwell
Property Tax Bills Across Plainfield, Connecticut
Property tax bills in Plainfield, located in Windham County, CT, are calculated based on the assessed value of a property and the applicable tax rate. The assessed value is typically a percentage of the market value of the home. For instance, if the median home price in Plainfield is $168,230, the assessed value would be a fraction of this amount determined by local assessment practices. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. In Plainfield, the property tax bills can vary significantly. For example, homeowners in the 25th percentile pay around $3,203 annually, while those in the 75th percentile see bills closer to $4,650. At the 90th percentile, the tax bill can reach up to $5,722. These property taxes fund essential local services such as schools, public safety, and infrastructure. Consequently, homeowners in Plainfield need to budget for these varying tax amounts, which can significantly impact their overall financial planning.
Average Plainfield Tax Bill
$3,778
Average Windham County Tax Bill
$4,074
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Plainfield, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06374 | $2,401 | $3,203 | $3,778 | $4,650 | $5,722 |
Source: Ownwell