Shelton, Connecticut Property Taxes
The median property tax rate in Shelton, CT is 1.75%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Shelton at $266,070, the typical annual property tax bill reaches $4,648, exceeding the national median of $2,690. Property taxes in Shelton 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 Shelton'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 Shelton 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
Shelton, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$4,656
Ownwell’s Shelton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shelton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shelton 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 Shelton, Connecticut
Property taxes in Shelton, Connecticut, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shelton is 1.75%, significantly higher than both the Connecticut state median and the U.S. national median of 0.99%. Local government entities within Shelton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shelton 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 Shelton's effective property tax rate to other areas in Connecticut and the national median. For comparison, the 06484 zip code has the highest median property tax rate of 1.75%, while the same zip code also has the lowest median tax rate of 1.75%. Understanding how these areas compare with Shelton 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 Shelton Tax Rate
1.75%
Average Fairfield County Tax Rate
2.52%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shelton, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06484 | 1.75% | 1.75% | 1.75% | 1.75% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Shelton, Connecticut
In Shelton, 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 Shelton 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 Shelton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Shelton is $4,648 in zip code 06484, while the lowest is also $4,648 in the same zip code.
Average Shelton Assessed Value
$266,070
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 Shelton, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06484 | $161,091 | $212,590 | $266,070 | $325,482 | $403,690 |
Source: Ownwell
Property Tax Bills Across Shelton, Connecticut
In Shelton, located in Fairfield County, CT, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate, known as the mill rate, is then applied to this assessed value to determine the tax bill. Factors such as property location, size, and improvements can influence the assessed value, leading to variations in tax amounts. For instance, homeowners in Shelton can expect a tax bill ranging from $3,714 at the 25th percentile to $7,057 at the 90th percentile, with the median tax bill being $4,648. This is significantly higher than the national median property tax rate of 0.99%. High property taxes can impact homeowners by increasing the overall cost of owning a home, potentially affecting affordability and long-term financial planning. Understanding how these factors interplay is crucial for homeowners to manage their property expenses effectively.
Average Shelton Tax Bill
$4,648
Average Fairfield County Tax Bill
$8,346
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Shelton, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06484 | $2,815 | $3,714 | $4,648 | $5,686 | $7,057 |
Source: Ownwell