Bethel, Connecticut Property Taxes
The median property tax rate in Bethel, CT is 2.84%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Bethel, the typical annual property tax bill reaches $7,978, exceeding the national median of $2,690. Property taxes in Bethel are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bethel's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bethel or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bethel, Connecticut Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
3.14%
Estimate Property Tax Bill
$6,280
Ownwell’s Bethel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bethel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bethel to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Bethel, Connecticut
Property taxes in Bethel, Connecticut, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bethel is 2.84%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Bethel set these rates annually, and they can vary across different neighborhoods. Each year, Bethel estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Bethel's effective property tax rate to other areas in Connecticut and the national median. For comparison, the highest median property tax rate in the region is also 2.84%, found in the zip code 06801, while the lowest median tax rate is the same at 2.84%, also in the zip code 06801. Understanding how these cities compare with Bethel provides valuable insights into the varying tax landscape across Fairfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bethel Tax Rate
2.84%
Average Fairfield County Tax Rate
2.52%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bethel, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06801 | 2.84% | 2.84% | 2.84% | 2.84% | 2.84% |
Source: Ownwell
Property Tax Assessment Values Across Bethel, Connecticut
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bethel, Connecticut. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Fairfield County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Bethel, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Bethel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Bethel, the median home price is $280,630, with the 25th percentile tax bill at $6,436 and the 75th percentile tax bill at $10,006. The highest and lowest median tax bills are both $7,978 in the 06801 zip code.
Average Bethel Assessed Value
$280,630
Average Fairfield County Assessed Value
$310,800
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bethel, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06801 | $177,107 | $226,380 | $280,630 | $351,978 | $427,896 |
Source: Ownwell
Property Tax Bills Across Bethel, Connecticut
In Bethel, Fairfield County, CT, property tax bills are calculated based on the assessed value of a home, which is typically 70% of its market value. For instance, with a median home price of $280,630, the assessed value would be approximately $196,441. The tax rate is then applied to this assessed value to determine the annual tax bill. Various factors influence the tax rate, including local government budgets, school funding, and public services. Homeowners in Bethel experience a range of property tax bills. The 25th percentile tax bill is around $6,436, while the 75th percentile reaches $10,006. For those in the 90th percentile, the tax bill can climb to $12,169. These figures highlight the variability in tax obligations based on property values and local budgetary needs. Compared to the national median property tax rate of 0.99%, Bethel's property taxes are relatively high, impacting homeowners significantly. High property taxes can affect affordability and the overall cost of living, making it essential for homeowners to understand how their tax bills are determined.
Average Bethel Tax Bill
$7,978
Average Fairfield County Tax Bill
$8,346
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Bethel, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06801 | $5,035 | $6,436 | $7,978 | $10,006 | $12,169 |
Source: Ownwell