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How much will you pay in property tax? Southern Litchfield County CT Tax Info

One of the first questions we are asked as real estate agents who sell homes in Southern Litchfield County is... how much are the real estate taxes?

Litchfield County Property TaxesEach town is different. The more town services there are, typically you will see a higher mill rate, or tax rate. More roads equals more town maintenance. More town maintenance equals more money. More schools mean more money. Police departments, larger town halls, all these cost money and can increase the mill rates which are set by the towns depending on their budget needs. You get the idea.

(Remember, the mil rate might be low, low, low, but certain towns assess property higher than others!)

What is a mill rate anyway? According to the State of Connecticut the definition for mill rate is as follow:

"A mill is equal to $1.00 of tax for each $1,000 of assessment. To calculate the property tax, multiply the assessment of the property by the mill rate and divide by 1,000. For example, a property with a assessed value of $50,000 located in a municipality with a mill rate of 20 mills would have a property tax bill of $1,000 per year."

Mill Rates for 2011-2012 tax year in Southern Litchfield County including are as follows:

property tax litchfield countyAs you can see, Washington has the lowest mill rate at 11.5. This can make a home in Washington, CT seem very, very attractive for a buyer. Roxbury, Kent, Goshen and Warren are also lower than many others around.

Search homes for sale in Washington, CT.

Search homes for sale in Roxbury, CT.

Search homes for sale in Kent, CT (including South Kent).

Search homes for sale in Warren, CT.

Search homes for sale in Goshen, CT.

Here is a home for sale in Warren, CT, currently listed at $425,000. This beautiful custom 4 bedroom colonial is set on 4.88 acres, offers privacy and sophistication, has an open floor plan and is complete with everything you would expect in a home today. And the taxes for 6 Countryside Lane in Warren, CT? Currently the yearly property taxes are $5,020.


If you would like more information on any home listed, please call us at 860.946.0686. We would be happy to answer your real estate questions!




Andrea Swiedler, Realtor, Southern Litchfield County Real Estate

2017 President, Greater New Milford Board of Realtors

2017 Connecticut Magazine 5 Star Realtor

 

 Search homes for sale in Litchfield County, CT.

 

Coldwell Banker Residential Brokerage

Litchfield County Regional Office,375 Danbury Rd, New Milford, CT 06776

 

© Andrea Swiedler 2009 - 2017

 Always do right. This will gratify some people and astonish the rest. - Mark Twain

Comment balloon 7 commentsAndrea Swiedler • October 15 2012 03:40PM

Comments

Andrea:  This information should be a great help for folks who don't understand how property taxes work.  Now... all they need to do is be able to follow directions... LOL.  And, as you know... sometimes that is not an easy task.

Great post!  "Suggested"

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) about 6 years ago

Karen Anne, I prefer to check on the MLS to see what the taxes are, it is much easier. We are connected to some powerful programs that are smarter than I am. And thank you!

Posted by Andrea Swiedler, Realtor, Southern Litchfield County CT (Berkshire Hathaway HomeServices New England Properties) about 6 years ago

Andrea...

Here our rates are higher, but we are only taxed on 40% of the fair market value. It all works out the same, and the budget is spread out over the tax base depending on value.

Posted by Richard Weisser, Richard Weisser Retired Real Estate Professional (Richard Weisser Realty) about 6 years ago

Richard, the assessed value is 70% of fair market value. It can be very confusing when people get new property assessments. They have a hard time understanding. But it is a question that we are asked, over and over again.

Posted by Andrea Swiedler, Realtor, Southern Litchfield County CT (Berkshire Hathaway HomeServices New England Properties) about 6 years ago

In the Fort Worth market, just about everything is anywhere from 28 to 32 mills.  Yes, the millage is higher, but the great equalizer is that the price of the $425,000 home in your post would be around $250,000 or so.  And, there is not state income tax in Texas.  So, everyone has to pay taxes... it's just the manner in which they are collected.

Also... your post is great because it allows someone to estimate the taxes when they are purchasing a new home... where the taxes may not be "in the records" yet.

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) about 6 years ago

Andrea, the size of the services is always a precursor to the tax rate, but taxes should never be the deciding factor in buying a home

Posted by Ed Silva, Central CT Real Estate Broker Serving all equally (RE/MAX Professionals, CT 203-206-0754 ) about 6 years ago

Andrea - excellent explanation. Our millage rate (that's how they call it in Florida) in our area is higher. Usually in incorporated areas it is higher than in county. In municipalities comprising greater Daytona you would be looking for higher than 25 Mill

Posted by Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices (Daytona Condo Realty, 386-405-4408) about 6 years ago

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