Wauregan, Connecticut Property Taxes
The median property tax rate in Wauregan, CT is 2.28%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Wauregan, the typical annual property tax bill reaches $3,340, exceeding the national median of $2,690. Property taxes in Wauregan 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 Wauregan'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 Wauregan 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
Wauregan, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.28%
Estimate Property Tax Bill
$3,146
Ownwell’s Wauregan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wauregan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wauregan 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 Wauregan, Connecticut
Property taxes in Wauregan, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wauregan is 2.28%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Wauregan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wauregan 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 Wauregan's effective property tax rate to other counties in Connecticut and the national median. For comparison, the zip code 06387 has the highest median property tax rate of 2.28%, while the lowest median tax rate is also 2.28%. Understanding how these cities compare with Wauregan 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 Wauregan Tax Rate
2.28%
Average Windham County Tax Rate
2.75%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wauregan, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06387 | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Wauregan, Connecticut
In Wauregan, 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 Wauregan, 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. The median home price in Wauregan is $138,000, with tax bills ranging from $2,675 at the 25th percentile to $4,524 at the 90th percentile. The highest and lowest median tax bills are both $3,340 in the 06387 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wauregan Assessed Value
$138,000
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 Wauregan, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06387 | $75,639 | $117,368 | $138,000 | $177,745 | $198,521 |
Source: Ownwell
Property Tax Bills Across Wauregan, Connecticut
Property tax bills in Wauregan, located in Windham County, CT, are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate, or mill rate, is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $138,000, the tax bills can vary significantly. Homeowners in the 25th percentile can expect to pay around $2,675, while those in the 75th percentile might see bills as high as $4,050. For those in the 90th percentile, the tax bill can reach up to $4,524 annually. These tax rates are higher than the national median property tax rate of 0.99%, reflecting the local government's need to fund public services such as schools, infrastructure, and emergency services. This can significantly impact homeowners, as higher property taxes can affect affordability and overall cost of living in the area. Understanding these factors is crucial for homeowners to budget effectively and anticipate future expenses.
Average Wauregan Tax Bill
$3,340
Average Windham County Tax Bill
$4,074
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Wauregan, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06387 | $1,724 | $2,675 | $3,340 | $4,050 | $4,524 |
Source: Ownwell