Taxes in Waterbury, Connecticut
Complete tax guide for Waterbury, CT. State income tax up to 6.99%, 2.95% property tax, 6.35% sales tax. Calculate your total tax burden.
State Income Tax
6.99%
Connecticut
Property Tax
2.95%
Effective rate
Sales Tax
6.35%
Combined rate
Tax Burden
High
Waterbury, CT Tax Overview
Population
114,403
Median Income
$43,521
Cost of Living
95.8 (100 = avg)
State Income Tax
6.99%
Median Home Price
$165,000
Waterbury Tax Calculator
Pre-filled with Waterbury median: $43,521
Total Tax Burden in Waterbury
$9,555
Take-Home: $33,966 · Effective Rate: 21.96%
Federal Tax
$3,184
7.32% eff.
CT State
$3,042
6.99% eff.
FICA
$3,329
7.65% eff.
Take-Home
$33,966
78.04% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $43,521.00 | $3,626.75 |
| Federal Income Tax | -$3,184.02 | -$265.34 |
| Connecticut State Tax | -$3,042.12 | -$253.51 |
| Social Security (6.2%) | -$2,698.30 | -$224.86 |
| Medicare (1.45%) | -$631.05 | -$52.59 |
| Take-Home Pay | $33,965.51 | $2,830.46 |
Property Tax in Waterbury
Median Home
$165,000
Annual Tax
$4,868
Monthly Tax
$406
Effective Rate
2.95%
Sales Tax in Waterbury
Combined Rate
6.35%
State Portion
~3.8%
Local Portion
~2.5%
The combined sales tax rate in Waterbury is 6.35%, which is below the national average of 7.12%. On a $100 purchase, you would pay $6.35 in sales tax.
Tax Burden Comparison
| Tax Type | Waterbury | Connecticut Avg | National Avg |
|---|---|---|---|
| Income Tax | 6.99% | 6.99% | 4.6% |
| Property Tax | 2.95% | ~2.95% | 1.1% |
| Sales Tax | 6.35% | ~6.35% | 7.12% |
| Overall Burden | High | — | Moderate |
Tax Saving Tips for Waterbury Residents
- Connecticut's income tax rate of 6.99% is above average. Maximize pre-tax retirement contributions (401k up to $23,500, IRA up to $7,000) to reduce both federal and state taxable income.
- Property tax in Waterbury (2.95%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
Other Cities in Connecticut
Calculate Your Full Connecticut Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Waterbury, CT?
Waterbury, Connecticut has a state income tax rate up to 6.99%. The property tax rate is 2.95% and the combined sales tax rate is 6.35%.
How much is property tax in Waterbury?
The effective property tax rate in Waterbury is 2.95%. On the median home price of $165,000, this equals approximately $4,868 per year or $406 per month. This is above the national average of 1.1%.
What is the sales tax rate in Waterbury?
The combined sales tax rate in Waterbury is 6.35%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does Waterbury's tax burden compare to other cities?
Waterbury has a high overall tax burden. The effective total tax rate for a median-income household is approximately 32.8%. The combination of 6.99% state income tax, 2.95% property tax, and 6.35% sales tax determines the total burden. Cost of living index is 95.8 (100 = national average).
Are there any local taxes in Waterbury?
Waterbury does not impose a separate local or city income tax. Residents pay the state income tax of 6.99%, federal income tax, and FICA (Social Security and Medicare).