Easton, Connecticut Property Taxes
The median property tax rate in Easton, CT is 2.90%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Easton, the typical annual property tax bill reaches $12,852, exceeding the national median of $2,690. Property taxes in Easton 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 Easton’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 Easton 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
Easton, 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 Easton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Easton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Easton 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 Easton, Connecticut
Property taxes in Easton, Connecticut, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Easton is 2.90%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Easton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Easton 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 Easton's effective property tax rate to other areas in Connecticut and the national median. For comparison, the zip code 06612 has the highest median property tax rate of 2.90%, while the same zip code also has the lowest median tax rate of 2.90%. Understanding how these areas compare with Easton 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 Easton Tax Rate
2.90%
Average Fairfield County Tax Rate
2.52%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Easton, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06612 | 2.90% | 2.90% | 2.90% | 2.90% | 2.90% |
Source: Ownwell
Property Tax Assessment Values Across Easton, Connecticut
In Easton, 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 in Easton 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 Easton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Easton is $443,975, with the 25th percentile tax bill at $10,690 and the 75th percentile at $16,344. The highest and lowest median tax bills are both $12,852, in zip code 06612.
Average Easton Assessed Value
$443,975
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 Easton, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06612 | $323,050 | $368,900 | $443,975 | $564,375 | $705,425 |
Source: Ownwell
Property Tax Bills Across Easton, Connecticut
In Easton, 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 Easton is $443,975. Homeowners in this region can expect property tax bills to vary significantly; for instance, the tax bill at the 25th percentile is around $10,690, while it climbs to $16,344 at the 75th percentile and reaches $20,429 at the 90th percentile. The highest median tax bill in the area is $12,852, which is notably higher than the national median property tax rate of 0.99%. Factors influencing these tax bills include the local tax rate and the assessed value of the property. Higher property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and long-term financial planning. Understanding these dynamics is crucial for homeowners looking to manage their expenses effectively.
Average Easton Tax Bill
$12,852
Average Fairfield County Tax Bill
$8,346
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Easton, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06612 | $9,357 | $10,690 | $12,852 | $16,344 | $20,429 |
Source: Ownwell