Wolcott, New Haven County, Connecticut Property Taxes
Median Wolcott, CT effective property tax rate: 3.19%, significantly higher than the national median of 1.02%, but lower than the Connecticut state median of 3.14%.
Median Wolcott, CT home value: $173,280
Median annual Wolcott, CT tax bill: $5,522, $3,122 higher than the national median property tax bill of $2,400.
How are property taxes in New Haven 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, New Haven County, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.59%
Estimate Property Tax Bill
$6,232
$5,784
Property Tax Rates Across Wolcott, New Haven County, Connecticut
Our median effective property tax rate (tax bill Ă· 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
3.59%
Our median effective property tax rate (tax bill Ă· 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 New Haven County Tax Rate
3.34%
Median Effective Connecticut Tax Rate
3.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wolcott, New Haven County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06705 | 3.59% | 3.59% | 3.59% | 3.59% | 3.59% |
| 06716 | 3.59% | 3.59% | 3.59% | 3.59% | 3.59% |
Source: Ownwell
Property Tax Assessment Values Across Wolcott, New Haven 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 New Haven 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 New Haven 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 $173,280, with tax bills ranging significantly across the county. Zip code 06716 has the highest median home price at $173,570.
Property Tax Assessment Values Across Wolcott, New Haven County, Connecticut
Source: Ownwell
$98,700
$262,063
$425,425
Median Wolcott Market Value
$173,605
Median New Haven County Market Value
$186,900
Median Connecticut Market Value
$209,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wolcott, New Haven County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06705 | $123,284 | $138,875 | $149,440 | $162,132 | $180,141 |
| 06716 | $127,205 | $148,148 | $174,015 | $222,662 | $276,405 |
Source: Ownwell
Property Tax Bills Across Wolcott, New Haven County, Connecticut
In Wolcott, 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 to determine the annual tax bill. In New Haven County, the median property tax bill is significantly higher than the national median of $2,400. Homeowners in Wolcott can expect a median tax bill of $5,532, which is influenced by factors such as the property's location, size, and market trends. The tax bill can range from $4,706 at the 25th percentile to $8,766 at the 90th percentile, highlighting the variation based on property characteristics and valuation.
Ownwell assists homeowners in Wolcott by identifying opportunities for tax savings through appeals and exemptions. By analyzing property assessments and market conditions, Ownwell ensures that homeowners are not overpaying on their tax bills. This service can lead to substantial savings, offering homeowners peace of mind and financial relief from the burden of high property taxes.
Median Wolcott Tax Bill
$6,238
Median New Haven County Tax Bill
$6,696
Median Connecticut Tax Bill
$6,666
Median United States Tax Bill
$2,400
Property Tax Bills Across Wolcott, New Haven County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06705 | $4,611 | $4,990 | $5,370 | $5,826 | $6,473 |
| 06716 | $4,570 | $5,323 | $6,252 | $8,000 | $9,931 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 20 |
Links | |
|---|---|
| New Haven Tax Assessor | |
| Website | gis.vgsi.com |