Baltic, New London County, Connecticut Property Taxes
Median Baltic, CT effective property tax rate: 2.85%, significantly higher than the national median of 1.02%, but lower than the Connecticut state median of 3.14%.
Median Baltic, CT home value: $171,460
Median annual Baltic, CT tax bill: $4,884, $2,484 higher than the national median property tax bill of $2,400.
How are property taxes in New London calculated?
Property taxes in Baltic, 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 Baltic’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Baltic, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Baltic, New London County, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.95%
Estimate Property Tax Bill
$5,059
$4,694
Property Tax Rates Across Baltic, New London County, Connecticut
Local government entities set tax rates, which can vary widely within a state. This variation stems from the annual process where each county estimates the budget needed to provide essential services and divides it by the total assessed value of all taxable property in its jurisdiction, resulting in the property tax rate. While votes and laws play a role in shaping tax rates and budgets, this process is the core of how rates are determined each year.
In Baltic, located in New London County, the effective property tax rate is notably higher than both the state and national averages. This is consistent across the county, where the median tax rate is among the highest in the state. Compared to the national median property tax rate and bill, homeowners in Baltic face a significantly greater financial burden. This disparity highlights the importance of understanding local tax dynamics and exploring potential avenues for tax appeals or exemptions. By doing so, property owners can potentially reduce their tax liabilities and ensure they are not overpaying compared to other regions.
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 Baltic Tax Rate
2.95%
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 New London County Tax Rate
2.80%
Median Effective Connecticut Tax Rate
3.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Baltic, New London County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06330 | 2.95% | 2.95% | 2.95% | 2.95% | 2.95% |
Source: Ownwell
Property Tax Assessment Values Across Baltic, New London County, Connecticut
When examining property taxes in Baltic, 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 London 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 London County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Baltic. For example, the median home price in Baltic is $171,460, with tax bills ranging significantly across the county. Zip code 06330 has the highest median home price at $171,460.
Property Tax Assessment Values Across Baltic, New London County, Connecticut
Source: Ownwell
$128,800
$283,745
$438,690
Median Baltic Market Value
$171,485
Median New London County Market Value
$192,015
Median Connecticut Market Value
$209,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Baltic, New London County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06330 | $124,016 | $147,895 | $171,485 | $212,672 | $257,324 |
Source: Ownwell
Property Tax Bills Across Baltic, New London County, Connecticut
Median Baltic Tax Bill
$5,057
Median New London County Tax Bill
$5,354
Median Connecticut Tax Bill
$6,666
Median United States Tax Bill
$2,400
Property Tax Bills Across Baltic, New London County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06330 | $3,659 | $4,363 | $5,057 | $6,266 | $7,591 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
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| Appeal Deadline | February 20 |
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