How much are property taxes in New London, CT?

Homeowners in New London, CT pay a median of $4,977 (±$291) a year in real estate taxes (2020–2024 American Community Survey, table B25103).

Homes with a mortgage pay a median of $4,870.

Homes without a mortgage pay a median of $5,257.

That is about 2.0% of the median home value of $253,300.

In New London, the median real estate tax went from $4,323 in 2015–2019 to $4,977 in 2020–2024 (+15.1%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

Median real estate taxes
$4,977 (±$291)
With a mortgage
$4,870
Without a mortgage
$5,257
Share of median value
2.0%

Real estate taxes in New London against Southeastern Connecticut Planning Region, its state and the nation

Median real estate taxes paid a year, estimate (90% margin of error)
New LondonSoutheastern Connecticut Planning RegionConnecticutUnited States
Median real estate taxes$4,977 (±$291)$5,228 (±$109)$6,643 (±$25)$3,119
Homes with a mortgage$4,870 (±$304)$5,223 (±$133)$6,749 (±$34)$3,489
Homes without a mortgage$5,257 (±$659)$5,235 (±$165)$6,445 (±$46)$2,576
Median home value$253,300 (±$22,757)$323,400 (±$5,559)$366,900 (±$1,621)$332,700

In New London, the median real estate tax is not measurably different from Southeastern Connecticut Planning Region ($5,228).

It is also lower than in Connecticut ($6,643).

It is higher than the national figure ($3,119).

In Southeastern Connecticut Planning Region, New London ranks 9 of 19 places with a published estimate, from highest to lowest median real estate taxes.

Statewide, it ranks 137 of 169.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Taxes as a share of home value in New London

The median tax ($4,977) is 2.0% of the median home value ($253,300).

Across Southeastern Connecticut Planning Region the same ratio is 1.6%.

Across Connecticut it is 1.8%.

This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.

Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.

How property taxes in New London have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median real estate taxes$4,323 (±$219)$4,977 (±$291)+15.1%No measurable change after inflation
Median home value$181,900 (±$9,672)$253,300 (±$22,757)+39.3%Up after inflation
Median owner cost with a mortgage$1,684 (±$90)$1,774 (±$93)+5.3%Down after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median real estate taxes in places near New London

Nearest places with a published estimate, compared with New London
PlaceDistanceMedian real estate taxesCompared with this place
New London—$4,977 (±$291)—
Waterford (community)2.0 mi$3,414 (±$239)Lower
Long Hill (Southeastern Connecticut Planning Region)2.6 mi$2,500 (±$953)Lower
Waterford2.9 mi$4,876 (±$236)Not measurably different
Groton3.5 mi$5,198 (±$368)Not measurably different
Conning Towers-Nautilus Park4.2 mi$4,683 (±$382)Not measurably different
Poquonock Bridge4.4 mi$4,102 (±$2,232)Not measurably different
Noank5.1 mi$7,323 (±$832)Higher
Niantic5.5 mi$6,311 (±$313)Higher

Nearby places with a measurably lower figure: Waterford (community), CT ($3,414), Long Hill (Southeastern Connecticut Planning Region), CT ($2,500).

Nearby places with a measurably higher figure: Noank, CT ($7,323), Niantic, CT ($6,311).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median real estate taxes across Southeastern Connecticut Planning Region, place by place

RankPlaceMedian real estate taxes
3North Stonington$6,224 (±$430)
4Colchester$6,212 (±$184)
5East Lyme$6,087 (±$248)
6Stonington$6,071 (±$320)
7Lebanon$5,646 (±$420)
8Groton$5,198 (±$368)
9New London$4,977 (±$291)
10Waterford$4,876 (±$236)
11Preston$4,749 (±$468)
12Norwich$4,703 (±$181)
13Sprague$4,668 (±$274)
14Windham$4,633 (±$231)
15Griswold$4,628 (±$324)

Showing 13 of 19 places in Southeastern Connecticut Planning Region, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about New London

How much are property taxes in New London?

The median real estate tax paid by homeowners in New London, CT is $4,977 (±$291) a year (2020–2024 American Community Survey).

What is the property tax rate in New London?

The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 2.0% of the median home value in New London, and the actual rate is set by the town, county and school district.

Have property taxes in New London gone up?

In New London, the median real estate tax went from $4,323 in 2015–2019 to $4,977 in 2020–2024 (+15.1%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Are property taxes in New London higher than in Southeastern Connecticut Planning Region?

In New London, the median real estate tax is not measurably different from Southeastern Connecticut Planning Region ($5,228).

It is also lower than in Connecticut ($6,643).

It is higher than the national figure ($3,119).

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for New London town, Southeastern Connecticut Planning Region, Connecticut (county subdivision:52350, in state:09 county:180).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.

The API needs a free key.

Request a Census API key.

B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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