Danbury, Connecticut Property Taxes
The median property tax rate in Danbury, CT is 2.33%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Danbury, the typical annual property tax bill reaches $5,856, exceeding the national median of $2,690. Property taxes in Danbury 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 Danbury'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 Danbury 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
Danbury, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.33%
Estimate Property Tax Bill
$5,849
Ownwell’s Danbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Danbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Danbury 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 Danbury, Connecticut
Property taxes in Danbury, Connecticut, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Danbury is 2.33%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Danbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Danbury 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 Danbury's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06810 zip code has the highest median property tax rate of 2.33%, while the 06811 zip code also has a median tax rate of 2.33%. Understanding how these areas compare with Danbury 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 Danbury Tax Rate
2.33%
Average Fairfield County Tax Rate
2.52%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Danbury, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06810 | 2.33% | 2.33% | 2.33% | 2.33% | 2.33% |
| 06811 | 2.33% | 2.33% | 2.33% | 2.33% | 2.33% |
Source: Ownwell
Property Tax Assessment Values Across Danbury, Connecticut
In Danbury, Connecticut, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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. 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. In Danbury, the highest median tax bill is $6,114 in zip code 06811, while the lowest median tax bill is $5,584 in zip code 06810. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Danbury Assessed Value
$251,020
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 Danbury, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06810 | $115,850 | $179,130 | $239,330 | $300,685 | $379,008 |
| 06811 | $129,339 | $206,080 | $262,045 | $320,495 | $421,057 |
Source: Ownwell
Property Tax Bills Across Danbury, Connecticut
In Danbury, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. This assessed value is then multiplied by the mill rate, which is set annually by the city. Homeowners in Danbury face a median property tax bill of $5,584 in the 06810 zip code and $6,114 in the 06811 zip code, reflecting the variations in property values and mill rates within the city. Factors such as property size, location, and improvements can affect the assessed value, thereby influencing the tax bill. Homeowners in the 25th percentile pay around $4,419, while those in the 75th and 90th percentiles pay approximately $7,223 and $9,304, respectively. This range illustrates the impact of property characteristics and market conditions on tax obligations. Compared to the national median property tax rate of 0.99%, Danbury's property tax rates can be significantly higher, affecting homeowners' annual financial planning and overall cost of living.
Average Danbury Tax Bill
$5,856
Average Fairfield County Tax Bill
$8,346
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Danbury, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06810 | $2,703 | $4,182 | $5,584 | $7,016 | $8,845 |
| 06811 | $3,018 | $4,808 | $6,114 | $7,478 | $9,825 |
Source: Ownwell