Sharon, Litchfield County, Connecticut Property Taxes

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

Median SHARON, CT effective property tax rate: 1.44%, significantly higher than the national median of 1.02%, but lower than the Connecticut state median of 3.14%.
Median SHARON, CT home value: $249,400
Median annual SHARON, CT tax bill: $3,592, $1,192 higher than the national median property tax bill of $2,400.

How are property taxes in Litchfield calculated?

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

Last Updated March 1, 2025

Sharon, Litchfield County, Connecticut Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.44%

Estimate Property Tax Bill

$3,591

$3,333

Ownwell’s Sharon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sharon with just two data points. By entering your property's estimated assessed value, our calculator applies Sharon’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 Litchfield County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Sharon, Litchfield County, Connecticut

Local government entities are responsible for setting tax rates, which can vary significantly within Connecticut. Each year, counties like Litchfield estimate their required budgets to provide essential services. They then divide this budget by the total assessed value of all taxable property within their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is the fundamental process followed annually.

In Sharon, located in Litchfield County, the effective property tax rate stands out when compared to other cities in Connecticut. Interestingly, the highest and lowest median tax rates in the state are found in the same area, showcasing the uniformity in this region. With Connecticut's median property tax rate higher than the national median of 1.02%, residents in Sharon experience a relatively consistent rate within their locality. This rate is a reflection of the county's budgetary needs and the value of taxable properties. Understanding how these rates are determined can empower property owners to make informed decisions about their property tax obligations.

Property Tax Rates Across Sharon, 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 Sharon Tax Rate

1.44%

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 Sharon, Litchfield County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
06069	1.44%	1.44%	1.44%	1.44%	1.44%

Source: Ownwell

Property Tax Assessment Values Across Sharon, Litchfield County, Connecticut

When examining property taxes in Sharon, 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 Sharon. For example, the median home price in Sharon is $249,400, with tax bills ranging significantly across the county. Zip code 06069 has the highest median home price at $249,400.

Property Tax Assessment Values Across Sharon, Litchfield County, Connecticut

Source: Ownwell

$93,590

$292,898

$492,205

Median Sharon Market Value

$249,400

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 Sharon, Litchfield County, Connecticut

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
06069	$111,710	$165,975	$249,400	$423,250	$717,350

Source: Ownwell

Property Tax Bills Across Sharon, Litchfield County, Connecticut

In Sharon, CT, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. Homeowners in Sharon face a median property tax bill of $3,592, which is above the national median of $2,400. The tax rate applied to the assessed value determines the final tax bill. Factors such as property size, location, and market trends influence these assessments. Homeowners in Sharon may experience tax bills ranging from $2,390 at the 25th percentile to $10,330 at the 90th percentile, reflecting the diverse property values in the area. These tax obligations can significantly impact household budgets, making it crucial for homeowners to explore potential savings. Ownwell assists by analyzing individual property assessments and identifying discrepancies or opportunities for appeals. By leveraging expertise in property tax regulations, Ownwell helps homeowners in Sharon potentially reduce their tax burdens, ensuring they only pay their fair share. This service can lead to substantial savings, offering financial relief and peace of mind.

Property Tax Bills Across Sharon, Litchfield County, Connecticut

Source: Ownwell

$3,418

$4,955

$6,492

Median Sharon Tax Bill

$3,592

Median Litchfield County Tax Bill

$5,031

Median Connecticut Tax Bill

$6,162

Median United States Tax Bill

$2,400

Property Tax Bills Across Sharon, Litchfield County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
06069	$1,608	$2,390	$3,592	$6,095	$10,330

Source: Ownwell