Just How High Is Connecticut's Property Tax Burden? New Report

CONNECTICUT — Just in case Connecticut residents needed further confirmation they were getting beat up on taxes, personal finance website WalletHub published a reminder this week.

The Nutmeg State is third from the cellar when it comes to property tax rankings, just above Illinois and New Jersey, and that ignominious showing is no improvement over last year's reckoning.

Oof.

The data used by WalletHub to create the rankings was collected as of Jan. 29, 2026, from the U.S. Census Bureau and each state’s Department of Motor Vehicles. $332,700 is the median home value in the U.S. as of 2024, the year of the most recent available data.

The U.S. housing market has 37 percent more sellers than buyers, which is more than double last year’s delta, according to Real Estate mega-brokerage Redfin. But the analysts at WalletHub were quick to point out that, even though 35 percent of households rent, "nearly everyone bears the cost of property taxes, as they influence rental prices and help fund state and local governments."

Now, some states do not collect vehicle property taxes — nearly half, in fact. But that's a bullet Connecticut residents did not dodge. The state's 2.07 percent tax rate is the 9th highest claimed by any state in the U.S.

*$29,100 is the value of a Toyota Camry LE four-door Sedan (as of January 2026), the highest-selling car of 2025.

How big a factor are Connecticut's perennially pernicious property taxes in the current unprecedented exodus of residents? Maybe not as big as you think:

"Property taxes are not a primary factor in moving decisions. People prioritize factors such as access to jobs, housing affordability, school ratings, and overall quality of life," according to Desen Lin, Assistant Professor of Finance at California State University, Fullerton.