Connecticut Property Taxes Among Highest in U.S.—Here’s What Homeowners Need to Know
- Neil Caron
- Apr 22
- 2 min read
Property taxes are on the rise nationwide, but in Connecticut, homeowners are shouldering some of the heaviest burdens in the country. According to ATTOM’s latest 2024 property tax report, the average single-family property tax bill in Connecticut hit $8,402, placing it second-highest in the nation—right behind New Jersey.
At ReadySetLoan, we’re breaking down what this means for Connecticut homeowners, potential buyers, and anyone trying to make sense of this taxing trend.
🐷 RSL Piggy Points: What the Data Shows
Connecticut ranks 3rd in the U.S. for highest effective property tax rates at 1.48%.
Average tax bill for a single-family home in CT: $8,402—nearly double the national average of $4,172.
Hartford ranks among the top large U.S. metro areas for tax rates at 1.71%, outpacing even major metros like Pittsburgh and Columbus.
Property tax bills in many metro areas, including parts of Connecticut, rose faster than the national average of 3%.
Why Are CT Property Taxes So High?
As housing values climbed in 2024—up 4.8% nationwide—Connecticut’s already high home prices only added fuel to the tax bill fire. And while effective tax rates (taxes as a percentage of home value) actually dipped slightly nationwide, Connecticut's rates remain stubbornly high, reflecting a combination of local government costs, school funding, and limited property tax reform.
“When property values rise, tax bills often follow—but in Connecticut, homeowners are paying a premium not just on home prices, but on the cost of living and governance,” explains Neil Caron, Area Manager at CMG Mortgage. “Understanding your local tax rate is crucial when budgeting for a new home.”
RSL Perspective: Knowledge Is Your Tax-Saving Power
At ReadySetLoan, we believe Connecticut homebuyers and homeowners need more than just a mortgage—they need an advocate. Navigating local tax rates can make or break your monthly budget, especially in high-cost areas like Fairfield, Hartford, and New Haven counties.
If you're thinking of buying—or just want to reassess your current home's financials—consider property taxes alongside mortgage payments and insurance. Many buyers are surprised to learn that tax bills can equal or exceed a monthly loan payment.
What You Can Do
🐷 RSL Piggy Tips:
Compare towns: Neighboring communities can have dramatically different rates.
Appeal your assessment: If your home value seems inflated, challenge it with your local assessor.
Explore exemptions: Veterans, seniors, and some low-income homeowners may qualify for relief.
Thinking About Buying in Connecticut?
Let ReadySetLoan be your resource and guide. We’re here to help you understand every cost that comes with homeownership—from rates to real estate taxes—and ensure you make empowered, informed decisions.
Visit ReadySetLoan.com to explore tools, tips, and personalized guidance. 🐷
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