Staffordville, Connecticut Property Taxes
The median property tax rate in Staffordville, CT is 3.68%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Staffordville, the typical annual property tax bill reaches $3,778, exceeding the national median of $2,690. Property taxes in Staffordville 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 Staffordville'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 Staffordville 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
Staffordville, 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 Staffordville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Staffordville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Staffordville 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 Staffordville, Connecticut
Property taxes in Staffordville, Connecticut, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Staffordville is 3.68%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Staffordville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Staffordville 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 Staffordville's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06077 zip code has the highest median property tax rate of 3.68%, while the same 06077 zip code also has the lowest median tax rate of 3.68%. Understanding how these cities compare with Staffordville 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 Staffordville 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 Staffordville, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06077 | 3.68% | 3.68% | 3.68% | 3.68% | 3.68% |
Source: Ownwell
Property Tax Assessment Values Across Staffordville, Connecticut
In Staffordville, 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. In Staffordville, 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 Staffordville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 06077, with a median tax bill of $3,778.
Property Tax Assessment Values Across Staffordville, Connecticut
Source: Ownwell
$20,800
$274,665
$528,530
Average Staffordville Assessed Value
$102,760
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 Staffordville, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06077 | $87,640 | $93,310 | $102,760 | $112,210 | $117,880 |
Source: Ownwell
Property Tax Bills Across Staffordville, Connecticut
In Staffordville, Tolland 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 local tax rate, known as the mill rate, is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $102,760, homeowners in Staffordville can expect varying tax bills depending on their home's value and specific assessments. Factors influencing the tax bill include the property's location, size, and any improvements made. Homeowners might see tax bills ranging from $3,430 at the 25th percentile to $4,333 at the 90th percentile. Comparatively, the national median property tax rate stands at 0.99%, making Staffordville's tax rates relatively high. This higher tax burden can impact homeowners by increasing the overall cost of owning property, potentially affecting decisions related to buying or selling homes in the area.
Average Staffordville Tax Bill
$3,778
Average Tolland County Tax Bill
$5,464
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Staffordville, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06077 | $3,222 | $3,430 | $3,778 | $4,125 | $4,333 |
Source: Ownwell