Wolcott, Hartford County, Connecticut Property Taxes

Name: Property Tax Bills Across Wolcott, Hartford County, Connecticut
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Wolcott, CT effective property tax rate: 3.04%, significantly higher than the national median of 1.02%, but lower than the Connecticut state median of 3.14%.
Median Wolcott, CT home value: $136,670
Median annual Wolcott, CT tax bill: $4,149, $1,749 higher than the national median property tax bill of $2,400.

How are property taxes in Hartford calculated?

Property taxes in Wolcott, CT are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Wolcott’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wolcott, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Wolcott, Hartford County, Connecticut Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.04%

Estimate Property Tax Bill

$4,155

$3,856

Ownwell’s Wolcott Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wolcott with just two data points. By entering your property's estimated assessed value, our calculator applies Wolcott’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hartford. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Wolcott, Hartford County, Connecticut

Local government entities set tax rates, which can vary significantly within a state. Each county estimates its budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Wolcott, located in Hartford County, CT, the property tax rate is notably higher than both the national median property tax rate of 1.02% and the national median property tax bill of $2400. This means that homeowners in Wolcott may find themselves paying more in property taxes compared to the national average. However, it's important to consider the benefits that come with these taxes, such as funding for local schools, infrastructure, and public services, which can enhance the community's overall quality of life.

Comparing Wolcott’s effective property tax rate to other cities in Connecticut and the U.S. can provide valuable insights for homeowners and potential buyers. Understanding these differences can help individuals make informed decisions about property investments and financial planning.

Property Tax Rates Across Wolcott, Hartford County, Connecticut

Source: Ownwell

2.42%

4.66%

6.90%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Wolcott Tax Rate

3.04%

Median Effective Hartford County Tax Rate

3.54%

Median Effective Connecticut Tax Rate

3.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Wolcott, Hartford County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
06716	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Wolcott, Hartford County, Connecticut

When examining property taxes in Wolcott, CT, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hartford County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

In Hartford County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Wolcott. For example, the median home price in Wolcott is $136,670, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Wolcott, Hartford County, Connecticut

Source: Ownwell

$24,328

$180,489

$336,650

Median Wolcott Market Value

$136,670

Median Hartford County Market Value

$166,460

Median Connecticut Market Value

$189,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Wolcott, Hartford County, Connecticut

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
06716	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Wolcott, Hartford County, Connecticut

In Wolcott, located in Hartford County, CT, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. With a median home price of $136,670, property taxes can significantly impact homeowners' finances. The property tax rate in this region is higher than the national median rate of 1.02%, resulting in a substantial tax burden for residents. For instance, property tax bills in Wolcott are consistently around $4,149, which exceeds the national median property tax bill of $2,400. These elevated tax bills are influenced by local government budget needs, school funding requirements, and public service expenses. Homeowners can feel overwhelmed by such costs, but there is a solution. Ownwell assists homeowners by providing expert property tax appeal and exemption services, potentially reducing these burdensome bills. By analyzing local market trends and assessment data, Ownwell ensures that homeowners pay only their fair share, offering a valuable opportunity for savings.

Property Tax Bills Across Wolcott, Hartford County, Connecticut

Source: Ownwell

$1,678

$6,219

$10,759

Median Wolcott Tax Bill

$4,149

Median Hartford County Tax Bill

$5,898

Median Connecticut Tax Bill

$6,162

Median United States Tax Bill

$2,400

Property Tax Bills Across Wolcott, Hartford County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
06716	N/A	N/A	N/A	N/A	N/A

Source: Ownwell