New London, New London County, Connecticut Property Taxes
Property Taxes in New London, Connecticut
Median New London, Connecticut effective property tax rate: 2.72%, significantly higher than the national median of 1.02%, and lower than the Connecticut state median of 3.05%.
Median New London, Connecticut home value: $170,900
Median annual New London, Connecticut tax bill: $4,654, $2,254 higher than the national median property tax bill of $2,400.
How are property taxes in New London calculated?
Property taxes in New London, Connecticut 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 New London's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New London, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
New London, New London County, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.72%
Estimate Property Tax Bill
$4,648
$4,314
How Does the New London Property Tax Calculator Work?
Use this New London property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies New London's median effective tax rate of 2.72% — based on actual property records in New London County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies New London's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within New London: rates range from 2.72% in 06320 to 2.72% in 06320, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across New London.
About New London Property Taxes
About Property Taxes in New London, New London, Connecticut
New London’s median effective property tax rate of 2.72% is lower than the Connecticut state median of 3.05% and higher than the national median of 1.02%. This rate reflects the New London County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across New London. Homeowners in the 06320 ZIP code carry a median effective rate of 2.72%, while those in the same ZIP also pay 2.72%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across New London County. Understanding which part of New London you live in can make a meaningful difference to your annual tax bill.
New London homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the February 20, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across New London, New London County, Connecticut
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget 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.
Below, you can compare New London's effective property tax rate to other cities in Connecticut and the median property tax rates in Connecticut and the U.S.
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 Tax Rate
2.72%
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 New London, New London County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06320 | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% |
Source: Ownwell
Property Tax Assessment Values Across New London, New London County, Connecticut
When examining property taxes in New London, 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.
Assessment notices:
In New London County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 New London.
For example, the median home price in New London is $170,900, with tax bills ranging significantly across the county. 06320 has the highest median home price at $170,900.
Property Tax Assessment Values Across New London, New London County, Connecticut
Source: Ownwell
$128,800
$283,745
$438,690
Median New London Market Value
$170,900
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 New London, New London County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06320 | $111,800 | $140,400 | $170,900 | $210,600 | $267,180 |
Source: Ownwell
Property Tax Bills Across New London, New London County, Connecticut
Property tax bills in New London are based on the assessed value of a home, which is then multiplied by the local tax rate set by the city and county. For homeowners, this means the bill is not determined by market value alone, but by the assessment used for taxation. Factors such as the home’s location, size, condition, and any changes in the local tax rate can all affect the final amount.
With a median home price of $170,900, property tax bills in New London can still be substantial. The 25th percentile tax bill is $3,822, while the 75th percentile reaches $5,739 and the 90th percentile climbs to $7,273. The median tax bill in ZIP code 06320 is $4,654, which is well above the national median property tax bill of $2,400. For many homeowners, that higher bill can have a meaningful impact on monthly housing costs and long-term affordability.
Property Tax Bills Across New London, New London County, Connecticut
Source: Ownwell
$2,693
$7,133
$11,573
Median New London Tax Bill
$4,654
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 New London, New London County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06320 | $3,042 | $3,822 | $4,654 | $5,739 | $7,273 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
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| Appeal Deadline | February 20 |
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