Taftville, New London County, Connecticut Property Taxes

Name: Property Tax Bills Across Taftville, New London County, Connecticut
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Taftville, CT effective property tax rate: 4.18%, significantly higher than the national median of 1.02%, but lower than the Connecticut state median of 3.14%.
Median Taftville, CT home value: $86,800
Median annual Taftville, CT tax bill: $3,633, $1,233 higher than the national median property tax bill of $2,400.

How are property taxes in New London calculated?

Property taxes in Taftville, 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 Taftville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Taftville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Taftville, New London County, Connecticut Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.48%

Estimate Property Tax Bill

$5,145

$4,775

Ownwell’s Taftville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Taftville with just two data points. By entering your property's estimated assessed value, our calculator applies Taftville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in New London County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Taftville, New London County, Connecticut

Local government entities set tax rates, which can vary widely within a state. In Taftville, located in New London County, Connecticut, the effective property tax rate is notably higher than both the state and national averages. Each year, the county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This process, while subject to votes and laws, is the crux of how property taxes are determined annually. Taftville's effective property tax rate stands at 4.18%, which is significantly above the national median of 1.02%. This places Taftville among the areas with the highest property tax rates in Connecticut, as well as the United States. Despite the high rates, the revenue generated supports local infrastructure, education, and public services, contributing to the community's quality of life. By understanding these dynamics, property owners can better navigate their financial responsibilities and explore potential avenues for tax appeals or exemptions.

Property Tax Rates Across Taftville, New London County, Connecticut

Source: Ownwell

1.45%

2.62%

3.80%

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 Taftville Tax Rate

3.48%

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 Taftville, New London County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
06380	3.48%	3.48%	3.48%	3.48%	3.48%

Source: Ownwell

Property Tax Assessment Values Across Taftville, New London County, Connecticut

When examining property taxes in Taftville, 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 March. 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 Taftville. For example, the median home price in Taftville is $86,800, with tax bills ranging significantly across the county. 06380 has the highest median home price at $86,800.

Property Tax Assessment Values Across Taftville, New London County, Connecticut

Source: Ownwell

$128,800

$283,745

$438,690

Median Taftville Market Value

$147,850

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 Taftville, New London County, Connecticut

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
06380	$109,760	$133,525	$147,850	$165,125	$191,210

Source: Ownwell

Property Tax Bills Across Taftville, New London County, Connecticut

In Taftville, Connecticut, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, determined by the local assessor's office. Homeowners in Taftville face a median property tax bill of $3,633, notably higher than the national median of $2,400. Factors influencing the tax bill include property size, location, and improvements. With a median home price of $86,800, the tax rate in this region is significantly above the national median of 1.02%. This higher tax burden can strain homeowners financially.

Ownwell helps homeowners in Taftville by providing expert property tax appeal services. By analyzing property data and market trends, Ownwell identifies opportunities for tax reductions, potentially saving homeowners significant amounts on their annual bills. Their professional team navigates the complex appeal process, ensuring that homeowners are not overpaying. With Ownwell's assistance, homeowners can achieve fair property assessments and enjoy financial relief.

Property Tax Bills Across Taftville, New London County, Connecticut

Source: Ownwell

$2,693

$7,133

$11,573

Median Taftville Tax Bill

$5,146

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 Taftville, New London County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
06380	$3,821	$4,648	$5,146	$5,748	$6,656

Source: Ownwell