Union, Connecticut Property Taxes
The median property tax rate in Union, CT is 2.24%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Union at $224,300, the typical annual property tax bill reaches $5,027, exceeding the national median of $2,690. Property taxes in Union 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 Union'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 Union 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
Union, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.24%
Estimate Property Tax Bill
$5,024
Ownwell’s UNION Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in UNION with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in UNION 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 Union, Connecticut
Property taxes in Union, Connecticut, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Union is 2.24%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Union set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union 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 Union's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06076 zip code has the highest median property tax rate of 2.24%, while the same zip code also has the lowest median tax rate of 2.24%. Understanding how these cities compare with Union 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 Union Tax Rate
2.24%
Average Windham County Tax Rate
2.75%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Union, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06076 | 2.24% | 2.24% | 2.24% | 2.24% | 2.24% |
Source: Ownwell
Property Tax Assessment Values Across Union, Connecticut
In UNION, 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 UNION, 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 UNION helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 06076 has the highest and lowest median tax bill at $5027, reflecting the uniformity in tax bills across the area.
Average Union Assessed Value
$224,300
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 Union, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06076 | $224,300 | $224,300 | $224,300 | $224,300 | $224,300 |
Source: Ownwell
Property Tax Bills Across Union, Connecticut
In Union, located in Windham County, CT, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value typically represents a percentage of the property’s market value. Homeowners in Union face a median property tax bill of $5,027, significantly higher than the national median property tax rate of 0.99%. This high tax bill reflects the assessed value and the local tax rate set by the municipality. Several factors influence the tax bill, including the property's location, size, and condition. The tax rate, or mill rate, is applied to the assessed value to determine the annual tax obligation. For homeowners, this means that higher property values or increased local tax rates can lead to substantial tax bills. This financial burden can impact household budgets, influencing decisions on home improvements, sales, or even relocation. Understanding these factors helps homeowners anticipate and manage their property tax responsibilities effectively.
Average Union Tax Bill
$5,027
Average Windham County Tax Bill
$4,074
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Union, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06076 | $5,027 | $5,027 | $5,027 | $5,027 | $5,027 |
Source: Ownwell