Scotland, Connecticut Property Taxes
The median property tax rate in Scotland, CT is 4.00%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Scotland, the typical annual property tax bill reaches $5,720, exceeding the national median of $2,690. Property taxes in Scotland 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 Scotland'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 Scotland 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
Scotland, 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 Scotland Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate their annual property taxes in Scotland, CT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scotland to project your property tax bill. This valuable tool helps you gauge potential tax liabilities, making financial planning easier. For those interested in neighborhood-level trends, additional localized information is available further down the page. Your property’s assessed value is determined by Windham County for tax calculations and includes any applicable exemptions.
Property Tax Rates Across Scotland, Connecticut
Property taxes in Scotland, Connecticut, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scotland is 4.00%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Scotland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scotland 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 Scotland's effective property tax rate to other areas in Connecticut and the national median. For comparison, the 06247 zip code has the highest median property tax rate of 4.00%, while the same zip code also has the lowest median tax rate of 4.00%. Understanding how these cities compare with Scotland 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 Scotland Tax Rate
4.00%
Average Windham County Tax Rate
2.75%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scotland, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06247 | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% |
| 06264 | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% |
Source: Ownwell
Property Tax Assessment Values Across Scotland, Connecticut
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Scotland, Connecticut. 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 Scotland, 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. For example, the highest median tax bill in Scotland's 06264 zip code is $5,724, while the lowest median tax bill in the 06247 zip code is $5,580. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Scotland Assessed Value
$143,000
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 Scotland, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06247 | $111,180 | $121,800 | $139,500 | $161,400 | $174,540 |
| 06264 | $81,720 | $108,325 | $143,100 | $172,650 | $217,500 |
Source: Ownwell
Property Tax Bills Across Scotland, Connecticut
In Scotland, CT, located in Windham County, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is determined through periodic property assessments. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in Scotland face property tax bills that vary significantly. For instance, the tax bill at the 25th percentile stands at $4,278, while at the 75th percentile, it rises to $6,952. At the 90th percentile, the tax bill can reach up to $8,700. The highest median tax bill in the area is $5,724, found in the 06264 zip code, while the lowest median tax bill is $5,580 in the 06247 zip code. These property tax bills can significantly impact homeowners' finances, often influencing decisions about homeownership and property investments. Compared to the national median property tax rate of 0.99%, Scotland's property taxes can be relatively high, reflecting the local government's funding needs for services and infrastructure.
Average Scotland Tax Bill
$5,720
Average Windham County Tax Bill
$4,074
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Scotland, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06247 | $4,447 | $4,872 | $5,580 | $6,456 | $6,982 |
| 06264 | $3,269 | $4,333 | $5,724 | $6,906 | $8,700 |
Source: Ownwell