The short answer: Granby carries the Valley's lowest tax rate
At 25.12 mills, Granby's annual tax bill on a 500,000 dollar home runs approximately 8,792 dollars — roughly 2,569 dollars less than the equivalent Avon home and about 960 dollars less than Canton. Over ten years, the Granby tax advantage over Avon on a 500,000 dollar purchase amounts to approximately 25,690 dollars in cumulative savings. When combined with Granby's lower median price and the larger lots that come with it, the total financial picture is compelling for buyers who are willing to accept the lifestyle tradeoff Granby requires.
How Connecticut Property Taxes Work
Connecticut municipalities assess property at 70 percent of fair market value in Granby. The assessed value is multiplied by the mill rate and divided by 1,000. Formula: Sale Price × 0.70 = Assessed Value. Assessed Value × 25.12 ÷ 1,000 = Annual Tax. A 600,000 dollar Granby home has an assessed value of 420,000 dollars. At 25.12 mills the annual tax is approximately 10,550 dollars.
Estimated Annual Property Taxes in Granby
Valley-Wide Tax Comparison
Ten-Year Perspective
A Granby buyer on a 500,000 dollar home saves approximately 2,569 dollars annually versus the equivalent Avon purchase in property tax alone. Over ten years that compounds to 25,690 dollars — before accounting for Granby's lower median price and the larger lots that come with it. For buyers who are approaching the choice between Granby and a higher-priced Valley town as a purely financial decision, Granby's tax position strengthens the case further. For buyers who are making a lifestyle choice, the tax advantage is a meaningful bonus that does not drive the decision but reinforces it.