Taxes in New London
New London's tax picture combines a meaningfully elevated property tax rate with the same statewide income and sales tax every Connecticut resident pays.
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Learn moreA meaningfully elevated, mill-rate-derived property tax rate
New London's real, cited mill rate of 37.33 computes to an effective property tax rate near 2.61% of market value -- above Connecticut's own high statewide average and meaningfully above neighboring Groton's ~1.74% rate.
A real, cited example tax bill
A median-valued New London home carried a real, cited annual property tax bill near $4,080 under this mill rate -- confirm the current mill rate directly, since Connecticut cities reset rates annually.
Connecticut's statewide income and sales tax apply uniformly
Connecticut's top marginal income tax rate runs a real, current 6.99% on income above $500,000 (single) / $1,000,000 (joint), and the state's flat 6.35% sales tax carries no local add-on in New London or anywhere else.
Key takeaways
- New London's ~2.61% effective property tax rate (mill rate 37.33) runs meaningfully higher than neighboring Groton's.
- A real, cited example annual tax bill on a median-valued New London home ran near $4,080.
- Connecticut's 6.99% top income tax and flat 6.35% sales tax apply statewide, including to New London.
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