Taxes & Insurance in Simsbury
Simsbury's tax and insurance picture combines a genuinely high property tax burden with Connecticut's shared statewide income-tax and insurance profile.
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Learn moreA genuinely high property tax rate
Simsbury's own real, current combined 2025 Grand List rate ran 35.00 mills (33.67 Town + 1.33 Fire District), implying an effective property tax rate near 2.45% -- above Connecticut's own statewide average of approximately 1.8%-2.0%. Ownwell's own separate estimate ran a real, disclosed, meaningfully higher 3.42% (base record).
Connecticut's real, graduated income tax
Connecticut's top individual income tax rate runs a real, current 6.99% (2024 reforms), with seven graduated brackets from 2% on the first $10,000. Social Security is genuinely exempt for most retirees below the state's AGI thresholds (base record).
A favorable statewide insurance baseline
No Simsbury-specific homeowners-insurance figure was found this pass; Connecticut's statewide average premium ran approximately $2,252/year, well below the national average of approximately $5,874/year (base record).
Key takeaways
- Simsbury's effective property tax rate runs a genuinely high ~2.45%, above Connecticut's own statewide average.
- Connecticut's top income tax rate is 6.99%, with Social Security exempt below state AGI thresholds.
- Connecticut's statewide homeowners-insurance average (~$2,252/year) runs well below the national average.
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