
Connecticut Property Tax
Connecticut Property Tax Overview
Keywords: Connecticut property tax, property tax in Connecticut, Connecticut property tax rate
Key Statistics (2026)
| Indicator | Value |
|---|---|
| Median home value (statewide) | $343,200 |
| Effective property tax rate (average) | 1.92 % |
| Median annual property tax payment | $6,575 |
| National average effective property tax rate | 0.97 % |
| Relative to national average | 97.97 % higher |
| State rank (effective rate) | #50 of 52 states/territories |
Source: According to the U.S. Census Bureau's American Community Survey (ACS) (5‑year estimates, 2023).
How the Effective Rate Translates to Tax Bills
The effective property tax rate is calculated by dividing the annual tax bill by the market value of the property. Using the statewide average rate of 1.92 %, the following examples illustrate typical tax liabilities:
| Assessed Home Value | Approximate Annual Property Tax |
|---|---|
| $250,000 | $4,789 |
| $500,000 | $9,579 |
These figures are derived by applying the 1.92 % rate to the listed home values and represent an estimate of the median tax bill a homeowner might expect.
Variation Across Counties
Property tax rates in Connecticut are set at the municipal level, which means they can differ substantially from one county or town to another. While the state‑wide average effective rate is 1.92 %, individual municipalities may have rates that are higher or lower depending on local budget requirements, school funding, and other services. Residents should consult the specific town assessor’s office for precise rates.
Comparison to the National Average
- Effective rate: Connecticut’s 1.92 % is 97.97 % higher than the national average of 0.97 %.
- Rank: The state ranks #50 out of 52 states and territories in terms of effective property tax burden, indicating one of the highest rates in the United States.
Implications for Specific Groups
| Group | Considerations Based on Property Tax Data |
|---|---|
| Retirees | Higher property taxes can increase the cost of homeownership for retirees on fixed incomes. Connecticut offers a senior circuit breaker tax credit that can offset some of the burden, but the overall tax level remains above the national average. |
| Landlords | The high effective tax rate raises the operating costs of rental properties. Landlords may need to factor the higher tax expense into rent calculations to maintain profitability. No statewide rent control policies exist, but local ordinances may apply. |
Both groups should evaluate the net effect of property taxes together with other cost‑of‑living factors when assessing Connecticut as a place to live or invest.
Frequently Asked Questions
1. What is the “effective property tax rate” and how is it calculated?
Answer: The effective property tax rate is the annual property tax amount divided by the market value of the property, expressed as a percentage. It provides a comparable measure across jurisdictions regardless of assessed values. In Connecticut, the 2023 ACS data show an average effective rate of 1.92 %.
2. How do I find the exact property tax rate for my town in Connecticut?
Answer: Property tax rates are set by individual municipalities. The most reliable source is the town or city assessor’s office, which publishes current millage rates and any applicable exemptions. Many towns also provide calculators on their websites.
3. Does Connecticut offer any relief programs for high property taxes?
Answer: Yes. Connecticut provides several relief mechanisms, including the Senior Circuit Breaker Tax Credit, the Homestead Exemption for qualifying homeowners, and property tax deferral programs for eligible seniors and disabled residents. Eligibility criteria and benefit amounts vary by municipality.
All data presented are based on the most recent ACS estimates (5‑year, 2023) from the U.S. Census Bureau.
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Data Source
All figures are drawn from the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates). This comprehensive dataset provides reliable, standardized property tax information across all states.