Greenwich, Fairfield County, Connecticut Property Taxes

Name: Property Tax Bills Across Greenwich, Fairfield County, Connecticut
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Greenwich, CT effective property tax rate: 1.16%, significantly higher than the national median of 1.02%, but lower than the Connecticut state median of 3.14%.
Median Greenwich, CT home value: $948,360
Median annual Greenwich, CT tax bill: $11,060, $8,660 higher than the national median property tax bill of $2,400.

How are property taxes in Fairfield calculated?

Property taxes in Greenwich, CT are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Greenwich’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Greenwich, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Greenwich, Fairfield County, Connecticut Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.16%

Estimate Property Tax Bill

$11,001

$10,209

Ownwell’s Greenwich Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Greenwich with just two data points. By entering your property's estimated assessed value, our calculator applies Greenwich’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Fairfield County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Greenwich, Fairfield County, Connecticut

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Greenwich’s effective property tax rate to other cities in Connecticut and the median property tax rates in Connecticut and the U.S.

Greenwich, located in Fairfield County, has a median property tax rate of 1.16%, which is higher than the national median of 1.02%. This means that homeowners in Greenwich might pay more in property taxes compared to the national average. However, this rate is consistent within the city, as both the highest and lowest median tax rates recorded in different zip codes are the same, at 1.16%. Comparing this to the U.S. median property tax bill of $2400, homeowners in Greenwich may find their tax bills to be relatively higher, reflecting the local government's budgetary needs and property values in the area.

Property Tax Rates Across Greenwich, Fairfield County, Connecticut

Source: Ownwell

1.16%

2.75%

4.35%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Greenwich Tax Rate

1.16%

Median Effective Fairfield County Tax Rate

2.52%

Median Effective Connecticut Tax Rate

3.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Greenwich, Fairfield County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
06830	1.14%	1.14%	1.16%	1.16%	1.16%
06831	1.14%	1.14%	1.16%	1.16%	1.16%

Source: Ownwell

Property Tax Assessment Values Across Greenwich, Fairfield County, Connecticut

When examining property taxes in Greenwich, CT, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Fairfield County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Fairfield County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Greenwich. For example, the median home price in Greenwich is $948,360, with tax bills ranging significantly across the county. Zip code 06830 has the highest median home price at $1,032,570.

Property Tax Assessment Values Across Greenwich, Fairfield County, Connecticut

Source: Ownwell

$133,910

$628,705

$1,123,500

Median Greenwich Market Value

$948,360

Median Fairfield County Market Value

$310,800

Median Connecticut Market Value

$189,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Greenwich, Fairfield County, Connecticut

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
06830	$404,474	$525,490	$1,032,570	$1,948,940	$3,367,462
06831	$445,319	$537,758	$842,765	$1,881,652	$3,375,582

Source: Ownwell

Property Tax Bills Across Greenwich, Fairfield County, Connecticut

In the city of Greenwich, located in Fairfield County, CT, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the market value of the property, and local authorities set the tax rate annually. Factors such as property location, size, and improvements can influence the assessed value, which in turn affects the tax bill. In Greenwich, the median property tax bill is significantly higher than the national median of $2,400, with amounts ranging from $6,190 at the 25th percentile to $38,792 at the 90th percentile. The highest median tax bill within the city is $11,954 in the 06830 zip code, while the lowest is $9,904 in the 06831 zip code. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions, ensuring that they are not overpaying. With expert guidance, homeowners can effectively reduce their property tax burden, making homeownership more affordable.

Property Tax Bills Across Greenwich, Fairfield County, Connecticut

Source: Ownwell

$4,549

$11,839

$19,128

Median Greenwich Tax Bill

$11,060

Median Fairfield County Tax Bill

$8,346

Median Connecticut Tax Bill

$6,162

Median United States Tax Bill

$2,400

Property Tax Bills Across Greenwich, Fairfield County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
06830	$4,706	$6,109	$11,954	$22,429	$38,737
06831	$5,177	$6,258	$9,904	$21,825	$38,867

Source: Ownwell