Lebanon, New London County, Connecticut Property Taxes
Median Lebanon, 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 Lebanon, CT home value: $157,125
Median annual Lebanon, CT tax bill: $4,556, $2,156 higher than the national median property tax bill of $2,400.
How are property taxes in New London calculated?
Property taxes in Lebanon, 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 Lebanon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lebanon, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lebanon, New London County, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.9%
Estimate Property Tax Bill
$4,557
$4,228
Property Tax Rates Across Lebanon, New London County, Connecticut
Local government entities are responsible for setting tax rates, which can significantly differ across Connecticut. Each county, including New London, determines its budgetary needs for public services annually and divides that by the total value of taxable property within its jurisdiction. This process results in the property tax rate. Although votes and laws play a role in determining these rates and budgets, this is essentially how the system works each year.
In Lebanon, located in New London County, the effective property tax rate is notably high compared to other cities in Connecticut. With a median tax rate of 2.90%, it also ranks among the highest in the state. This is significantly above the national median property tax rate of 1.02%. Residents of Lebanon face property tax bills that are considerably higher than the national median bill of $2,400. Understanding these tax rates is crucial for property owners, as they directly impact annual expenses and financial planning. By being informed, property owners can make better decisions regarding appeals and exemptions to potentially lower their tax burdens.
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 Lebanon 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 New London County Tax Rate
2.72%
Median Effective Connecticut Tax Rate
3.14%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lebanon, New London County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06249 | 2.90% | 2.90% | 2.90% | 2.90% | 2.90% |
Source: Ownwell
Property Tax Assessment Values Across Lebanon, New London County, Connecticut
When examining property taxes in Lebanon, 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 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 Lebanon. For example, the median home price in Lebanon is $157,125, with tax bills ranging significantly across the county. Zip code 06249 has the highest median home price at $157,125.
Property Tax Assessment Values Across Lebanon, New London County, Connecticut
Source: Ownwell
$86,800
$274,225
$461,650
Median Lebanon Market Value
$157,125
Median New London County Market Value
$177,100
Median Connecticut Market Value
$189,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lebanon, New London County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06249 | $96,215 | $125,580 | $157,125 | $193,842 | $232,112 |
Source: Ownwell
Property Tax Bills Across Lebanon, New London County, Connecticut
In Lebanon, New London County, CT, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the home's market value. Once assessed, the tax rate, often referred to as the mill rate, is applied to calculate the property tax bill. Homeowners in Lebanon can expect a median tax bill of $4,556, significantly higher than the national median of $2,400. Factors influencing the tax bill include property size, location, and improvements made to the home. High property taxes can be a financial burden for homeowners, impacting their overall affordability and cost of living.
Ownwell offers a solution by providing professional property tax appeal services. By analyzing property assessments and market data, Ownwell identifies potential discrepancies or overvaluations that could lead to tax reductions. With expert guidance, homeowners can potentially save significant amounts on their property tax bills, ensuring they only pay their fair share.
Median Lebanon Tax Bill
$4,556
Median New London County Tax Bill
$4,738
Median Connecticut Tax Bill
$6,162
Median United States Tax Bill
$2,400
Property Tax Bills Across Lebanon, New London County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06249 | $2,790 | $3,640 | $4,556 | $5,617 | $6,731 |
Source: Ownwell