Connecticut (CT) property tax rate: 1.79% | Median home: $395,000 | Median annual tax: $7,071
Connecticut is a high-income New England state with strong appreciation. The average effective property tax rate in Connecticut is 1.79%, which is above the national average of 1.1%.
On the median Connecticut home valued at $395,000, annual property taxes come to approximately $7,071 or $589/month. This is a significant part of your total housing cost and should be factored into any home purchase budget.
Pro tip: Connecticut has a mansion tax on homes over $2.5M. Budget for high property taxes.
Combined with Connecticut's state income tax rate of 6.99%, homeowners should consider the total tax picture. Property taxes in Connecticut are a major expense — budget carefully.
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Connecticut has an average effective property tax rate of 1.79%. On the median home value of $395,000, that equals approximately $7,071 per year or $589 per month.
Property taxes in Connecticut are calculated by multiplying your home assessed value by the local tax rate. The assessed value may differ from market value depending on your county assessment ratio. Exemptions like homestead exemptions can reduce your taxable value.
Connecticut has a mansion tax on homes over $2.5M. Budget for high property taxes.
Connecticut property taxes are above the national average of 1.1%. Budget carefully for this significant expense when buying a home here.
Property tax due dates vary by county in Connecticut. Most counties offer semi-annual payments. Check with your county tax assessor office for specific due dates. Late payments typically incur penalties of 1-2% per month.