Pomfret, Connecticut Property Taxes
The median property tax rate in Pomfret, CT is 2.68%, significantly higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Pomfret, the typical annual property tax bill reaches $5,283, exceeding the national median of $2,690. Property taxes in Pomfret 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 Pomfret'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 Pomfret 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
Pomfret, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.68%
Estimate Property Tax Bill
$5,292
Ownwell’s Pomfret Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pomfret with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pomfret 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 Pomfret, Connecticut
Property taxes in Pomfret, Connecticut, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Pomfret is 2.68%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Pomfret set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pomfret 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. Understanding how Pomfret's effective property tax rate compares to other areas in Windham County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pomfret Tax Rate
2.68%
Average Windham County Tax Rate
2.75%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pomfret, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06258 | 2.67% | 2.67% | 2.68% | 2.71% | 2.74% |
Source: Ownwell
Property Tax Assessment Values Across Pomfret, Connecticut
In Pomfret, 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 Pomfret, 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 Pomfret helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Pomfret are both $5,283, occurring in the 06258 zip code.
Average Pomfret Assessed Value
$197,480
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 Pomfret, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06258 | $139,816 | $161,440 | $197,480 | $197,975 | $198,272 |
Source: Ownwell
Property Tax Bills Across Pomfret, Connecticut
In Pomfret, CT, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate, or mill rate, is applied to this assessed value to determine the annual tax bill. For instance, a median home price in Pomfret is $197,480. Homeowners in the 25th percentile pay around $4,318 annually, while those in the 75th percentile pay approximately $5,370. The highest median tax bill in the area is $5,283, found in the 06258 zip code. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Higher property taxes can significantly impact homeowners, leading to increased monthly payments or influencing decisions on buying or selling property. Compared to the national median property tax rate of 0.99%, Pomfret's rates are notably higher, reflecting the local government's funding needs for services like schools and infrastructure. This can affect the overall affordability and attractiveness of living in Pomfret.
Average Pomfret Tax Bill
$5,283
Average Windham County Tax Bill
$4,074
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Pomfret, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06258 | $3,740 | $4,318 | $5,283 | $5,370 | $5,423 |
Source: Ownwell