Terryville, Litchfield County, Connecticut Property Taxes
Median Terryville, CT effective property tax rate: 3.77%, significantly higher than the national median of 1.02%, but lower than the Connecticut state median of 3.14%.
Median Terryville, CT home value: $137,340
Median annual Terryville, CT tax bill: $5,178, $2,778 higher than the national median property tax bill of $2,400.
How are property taxes in Litchfield calculated?
Property taxes in Terryville, 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 Terryville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Terryville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Terryville, Litchfield County, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.96%
Estimate Property Tax Bill
$5,444
$5,052
Property Tax Rates Across Terryville, Litchfield County, Connecticut
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Terryville in Litchfield County, Connecticut, has an effective property tax rate of 3.77%, which is significantly higher than the national median property tax rate of 1.02%. The median property tax bill in Terryville is also notably higher than the national median of $2400. This high tax rate reflects the county's approach to funding local services and infrastructure.
By comparing Terryville’s effective property tax rate to other cities in Connecticut and the median property tax rates in Connecticut and the U.S., residents can better understand the local tax landscape. Understanding these differences is crucial for property owners, as it impacts their annual tax bills and the overall cost of homeownership.
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 Terryville Tax Rate
3.96%
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
3.00%
Median Effective Connecticut Tax Rate
3.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Terryville, Litchfield County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06786 | 3.96% | 3.96% | 3.96% | 3.96% | 3.96% |
Source: Ownwell
Property Tax Assessment Values Across Terryville, Litchfield County, Connecticut
When examining property taxes in Terryville, 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 Terryville. For example, the median home price in Terryville is $137,340, with tax bills ranging significantly across the county. Zip code 06786 has the highest median home price at $137,340.
Property Tax Assessment Values Across Terryville, Litchfield County, Connecticut
Source: Ownwell
$93,650
$336,450
$579,250
Median Terryville Market Value
$137,480
Median Litchfield County Market Value
$215,880
Median Connecticut Market Value
$209,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Terryville, Litchfield County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06786 | $92,806 | $116,900 | $137,480 | $166,600 | $208,950 |
Source: Ownwell
Property Tax Bills Across Terryville, Litchfield County, Connecticut
Property Tax Bills Across Terryville, Litchfield County, Connecticut
Source: Ownwell
$3,760
$6,773
$9,785
Median Terryville Tax Bill
$5,440
Median Litchfield County Tax Bill
$5,681
Median Connecticut Tax Bill
$6,666
Median United States Tax Bill
$2,400
Property Tax Bills Across Terryville, Litchfield County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06786 | $3,672 | $4,626 | $5,440 | $6,592 | $8,258 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 20 |
Links | |
|---|---|
| Litchfield Tax Assessor | |
| Website | litchfield.mapxpress.net |