How to calculate property taxes in Connecticut
To estimate property taxes in Connecticut, multiply the home value by the local property tax rate. This page applies the state average effective rate of 1.79%, so a property valued at $500,000 would have an estimated annual property tax of $8,950.
Connecticut has some of the highest property taxes in the Northeast, set by town mill rates with no county-level tax.
Actual tax bills can include county, city, school district, exemption, and assessment rules, so investors should verify the final number with the local assessor before closing.
Comparing returns across markets? Use the cap rate calculator and cash-on-cash return calculator, which let you include property taxes as an operating expense.