What is the property tax rate in Connecticut?

The property tax rate in Connecticut does not have a single uniform rate, as it is determined at the local level by individual municipalities. Each town and city establishes its own property tax rate based on local budgetary needs, and this can lead to significant variations across the state. Property taxes in Connecticut are typically calculated as a percentage of the assessed value of the property, with the assessment being based on 70 percent of its market value. As of the most recent assessments, property tax rates in various municipalities can range from approximately 4 to 50 mills, with the average rate generally falling around 30 mills. It is important to check with the specific municipality to obtain the current property tax rate applicable to a particular location. For more detailed information, one might consider visiting the Connecticut Department of Revenue Services website.