Stratford, Connecticut Property Taxes
The median property tax rate in Stratford, CT is 4.02%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Stratford at $167,230, the typical annual property tax bill reaches $6,720, exceeding the national median of $2,690. Property taxes in Stratford 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 Stratford'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 Stratford 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
Stratford, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.02%
Estimate Property Tax Bill
$6,723
Ownwell’s Stratford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stratford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stratford 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 Stratford, Connecticut
Property taxes in Stratford, Connecticut, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Stratford is 4.02%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Stratford set these rates annually, and they can vary across different neighborhoods. Each year, Stratford 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 Stratford's effective property tax rate to other areas in Connecticut and the national median. For comparison, the zip code 06615 has the highest median property tax rate of 4.02%, while the zip code 06614 has the lowest median tax rate of 4.02%. Understanding how these areas compare with Stratford 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 Stratford Tax Rate
4.02%
Average Fairfield County Tax Rate
2.52%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stratford, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06614 | 4.02% | 4.02% | 4.02% | 4.02% | 4.02% |
| 06615 | 4.02% | 4.02% | 4.02% | 4.02% | 4.02% |
Source: Ownwell
Property Tax Assessment Values Across Stratford, Connecticut
In Stratford, 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. Being aware of these valuation processes in Stratford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Stratford is $6,937 in the 06614 zip code, while the lowest median tax bill is $5,935 in the 06615 zip code.
Property Tax Assessment Values Across Stratford, Connecticut
Source: Ownwell
$44,380
$583,940
$1,123,500
Average Stratford Assessed Value
$167,230
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 Stratford, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06614 | $126,490 | $147,070 | $172,550 | $201,250 | $242,356 |
| 06615 | $94,780 | $117,880 | $147,630 | $195,300 | $246,350 |
Source: Ownwell
Property Tax Bills Across Stratford, Connecticut
In Stratford, located in Fairfield County, CT, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Stratford is $167,230. Homeowners in this city can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $5,530, while at the 75th percentile, it rises to approximately $8,030. At the 90th percentile, it can reach up to $9,780. The highest median tax bill in Stratford is $6,937 in the 06614 zip code, whereas the lowest median tax bill is $5,935 in the 06615 zip code. Factors such as property location, home improvements, and changes in market conditions can influence the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Stratford may find their tax rates to be relatively high, impacting their overall financial planning and homeownership costs.
Average Stratford Tax Bill
$6,720
Average Fairfield County Tax Bill
$8,346
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Stratford, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06614 | $5,082 | $5,912 | $6,937 | $8,090 | $9,734 |
| 06615 | $3,810 | $4,739 | $5,935 | $7,851 | $9,903 |
Source: Ownwell