Gaylordsville, Litchfield County, Connecticut Property Taxes
Median Gaylordsville, CT effective property tax rate: 2.90%, significantly higher than the national median of 1.02%, but lower than the Connecticut state median of 3.14%.
Median Gaylordsville, CT home value: $206,850
Median annual Gaylordsville, CT tax bill: $5,994, $3,594 higher than the national median property tax bill of $2,400.
How are property taxes in Litchfield County calculated?
Property taxes in Gaylordsville, 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 Gaylordsville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gaylordsville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gaylordsville, Litchfield County, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.9%
Estimate Property Tax Bill
$5,999
$5,567
Property Tax Rates Across Gaylordsville, Litchfield County, Connecticut
Local government entities in Connecticut set property tax rates, which can differ significantly across the state. This is because each county, including Litchfield County where Gaylordsville is located, calculates its required budget annually to maintain essential services. This budget is then divided by the total value of all taxable property within the county to determine the property tax rate. While the process involves votes and legislative actions, this is the basic annual procedure for setting tax rates.
In Gaylordsville, the effective property tax rate is 2.90%, which is notably higher than the national median property tax rate of 1.02%. This rate reflects the county's budgetary needs and the total assessed value of properties. Comparing this to other cities in Connecticut, Gaylordsville has one of the higher rates, aligning with the highest median tax rate in the state. This contrasts sharply with the national median property tax bill of $2400, indicating that homeowners in Gaylordsville might face higher property tax bills. Understanding these rates and how they are set can help property owners in Gaylordsville make informed decisions about their property tax obligations.
Property Tax Rates Across Gaylordsville, Litchfield County, Connecticut
Source: Ownwell
1.10%
2.95%
4.80%
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 Gaylordsville Tax Rate
2.90%
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 Litchfield County Tax Rate
2.91%
Median Effective Connecticut Tax Rate
3.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gaylordsville, Litchfield County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06755 | 2.90% | 2.90% | 2.90% | 2.90% | 2.90% |
Source: Ownwell
Property Tax Assessment Values Across Gaylordsville, Litchfield County, Connecticut
When examining property taxes in Gaylordsville, 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 Litchfield 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.
In Litchfield 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 Gaylordsville. For example, the median home price in Gaylordsville is $206,850, with tax bills ranging significantly across the county. 06755 has the highest median home price at $206,850.
Property Tax Assessment Values Across Gaylordsville, Litchfield County, Connecticut
Source: Ownwell
$93,590
$292,898
$492,205
Median Gaylordsville Market Value
$206,850
Median Litchfield County Market Value
$166,200
Median Connecticut Market Value
$189,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gaylordsville, Litchfield County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06755 | $141,699 | $172,542 | $206,850 | $248,615 | $286,751 |
Source: Ownwell
Property Tax Bills Across Gaylordsville, Litchfield County, Connecticut
In Gaylordsville, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate set by Litchfield County to determine the annual tax bill. Homeowners in Gaylordsville face a median property tax bill of $5,994, significantly higher than the national median of $2,400. Factors like property size, location, and improvements can influence assessments and, consequently, tax bills. High property taxes can be a financial burden for homeowners, affecting their overall cost of living and financial planning.
Ownwell can assist homeowners in Gaylordsville by providing expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially lower their tax bills. This process ensures homeowners are not overpaying and can lead to significant savings. By leveraging Ownwell's expertise, homeowners can navigate the complexities of property tax appeals and achieve a fairer tax assessment.
Property Tax Bills Across Gaylordsville, Litchfield County, Connecticut
Source: Ownwell
$3,418
$4,955
$6,492
Median Gaylordsville Tax Bill
$5,994
Median Litchfield County Tax Bill
$5,031
Median Connecticut Tax Bill
$6,162
Median United States Tax Bill
$2,400
Property Tax Bills Across Gaylordsville, Litchfield County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06755 | $4,106 | $5,000 | $5,994 | $7,205 | $8,310 |
Source: Ownwell