Tax Burden in ZIP Code 06320
New London, CT — New London County
At the median income of $48,000, the estimated total tax burden in ZIP 06320 is $17,812 (37.1% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$6,720
FICA
$3,672
Property Tax
$7,420
Total Tax Burden
$17,812
37.1% effective
Tax Details for ZIP 06320
ZIP code 06320 is located in New London County, CT, within the Norwich MSA metropolitan area. The area has a cost of living index of 105 (100 = national average), close to the national average.
The effective property tax rate is 2.80%. On the median home price of $265,000, this equals $7,420 per year ($618/month).
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