Stafford, Connecticut Property Taxes
The median property tax rate in Stafford, CT is 3.68%, considerably higher than both the national median of 0.99% and Connecticut's state median of 3.14%. With the median home value in Stafford, the typical annual property tax bill reaches $1,905, which is below the national median of $2,690. Property taxes in Stafford 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 Stafford'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 Stafford 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
Stafford, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.68%
Estimate Property Tax Bill
$1,907
Ownwell’s Stafford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stafford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stafford 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 Stafford, Connecticut
Property taxes in Stafford, Connecticut, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Stafford is 3.68%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Stafford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stafford 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 Stafford's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06075 zip code has the highest median property tax rate of 3.68%, while the same zip code also represents the lowest median tax rate of 3.68%. Understanding how these cities compare with Stafford provides valuable insights into the varying tax landscape across Tolland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stafford Tax Rate
3.68%
Average Tolland County Tax Rate
3.34%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stafford, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06075 | 3.68% | 3.68% | 3.68% | 3.68% | 3.68% |
Source: Ownwell
Property Tax Assessment Values Across Stafford, Connecticut
In Stafford, 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 Tolland 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 in Stafford 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 Stafford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 06075 has the highest and lowest median tax bill at $1,905.
Average Stafford Assessed Value
$51,810
Average Tolland County Assessed Value
$164,900
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stafford, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06075 | $17,094 | $39,325 | $51,810 | $126,020 | $157,598 |
Source: Ownwell
Property Tax Bills Across Stafford, Connecticut
In Stafford, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate, known as the mill rate, is then applied to this assessed value to determine the tax bill. For example, homeowners in Stafford's 06075 zip code face a median tax bill of $1,905. Factors such as the property's location within Tolland County, its size, and any applicable exemptions or deductions also play a role in the final tax amount. The median home price in Stafford is $51,810, which helps contextualize the tax bills. A tax bill in the 25th percentile is around $1,446, while those in the 75th and 90th percentiles are $4,632 and $5,794, respectively. These figures highlight the variability in tax burdens, which can significantly impact homeowners' finances. Compared to the national median property tax rate of 0.99%, Stafford's property taxes can be seen as relatively moderate, but they still represent a notable expense for residents.
Average Stafford Tax Bill
$1,905
Average Tolland County Tax Bill
$5,464
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Stafford, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06075 | $628 | $1,446 | $1,905 | $4,632 | $5,794 |
Source: Ownwell