Stamford, Fairfield County, Connecticut Property Taxes
Median Stamford, CT effective property tax rate: 2.49%, significantly higher than the national median of 1.02%, but lower than the Connecticut state median of 3.14%. Median Stamford, CT home value: $401,960. Median annual Stamford, CT tax bill: $10,051, $7,651 higher than the national median property tax bill of $2,400.
How are property taxes in Fairfield County calculated?
Property taxes in Stamford, 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 Stamford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Stamford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Stamford, Fairfield County, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.49%
Estimate Property Tax Bill
$10,009
$9,288
Property Tax Rates Across Stamford, Fairfield County, Connecticut
Local government entities are responsible for setting property tax rates, and these can vary significantly within a state. This is because each county estimates its necessary budget for public services annually and divides this by the total value of all taxable property in its area, resulting in the property tax rate. While votes and laws play a role in determining these rates and budgets, this is essentially the annual process.
Stamford in Fairfield County, Connecticut, has an effective property tax rate of 2.49%, which is higher than the national median rate of 1.02%. Within Stamford, the highest median tax rate can be found in the 06901 zip code at 2.52%, while the lowest is in the 06903 zip code at 2.45%. Compared to other cities in Connecticut and the national average, Stamford's property tax rate is notably higher. This can have a significant impact on homeowners' annual tax bills, as the national median property tax bill is $2,400. Consequently, understanding these rates is crucial for property owners in Stamford and those considering purchasing property in the area.
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 Stamford Tax Rate
2.49%
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 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 Stamford, Fairfield County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06901 | 2.52% | 2.52% | 2.52% | 2.52% | 2.67% |
| 06902 | 2.49% | 2.52% | 2.52% | 2.52% | 2.52% |
| 06903 | 2.45% | 2.45% | 2.45% | 2.45% | 2.45% |
| 06904 | 2.45% | 2.45% | 2.49% | 2.52% | 2.52% |
| 06905 | 2.49% | 2.49% | 2.49% | 2.52% | 2.52% |
| 06906 | 2.49% | 2.49% | 2.49% | 2.52% | 2.52% |
| 06907 | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Stamford, Fairfield County, Connecticut
When examining property taxes in Stamford, 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 Assessor's Office 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 April. 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 Stamford. For example, the median home price in Stamford is $401,960, with tax bills ranging significantly across the county. Zip code 06903 has the highest median home price at $575,540.
Property Tax Assessment Values Across Stamford, Fairfield County, Connecticut
Source: Ownwell
$133,910
$628,705
$1,123,500
Median Stamford Market Value
$401,960
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 Stamford, Fairfield County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06901 | $115,960 | $124,730 | $180,240 | $279,710 | $419,590 |
| 06902 | $132,150 | $203,660 | $354,060 | $505,695 | $718,448 |
| 06903 | $444,292 | $506,260 | $575,540 | $686,190 | $911,016 |
| 06904 | $356,482 | $422,262 | $532,040 | $598,490 | $835,102 |
| 06905 | $252,756 | $351,668 | $413,455 | $490,952 | $602,585 |
| 06906 | $196,480 | $273,230 | $358,380 | $428,125 | $492,888 |
| 06907 | $179,900 | $258,345 | $375,750 | $441,320 | $525,800 |
Source: Ownwell
Property Tax Bills Across Stamford, Fairfield County, Connecticut
In Stamford, Fairfield County, CT, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value, impacting the overall tax bill. Stamford homeowners face a median property tax bill significantly higher than the national median of $2,400. For instance, in Stamford's 06903 zip code, the median tax bill reaches $14,078, while in the 06901 zip code, it is $4,549. Such high tax bills can put a strain on homeowners' finances.
Ownwell offers a solution by providing property tax appeal services, potentially lowering these burdensome bills. By analyzing property data and identifying discrepancies in assessments, Ownwell can help homeowners challenge and reduce their tax assessments, leading to substantial savings. This service is crucial for Stamford residents looking to manage their property tax expenses effectively.
Property Tax Bills Across Stamford, Fairfield County, Connecticut
Source: Ownwell
$4,549
$11,839
$19,128
Median Stamford Tax Bill
$10,051
Median Fairfield County Tax Bill
$8,346
Median Connecticut Tax Bill
$6,162
Median United States Tax Bill
$2,400
Property Tax Bills Across Stamford, Fairfield County, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06901 | $2,927 | $3,148 | $4,549 | $7,120 | $10,815 |
| 06902 | $3,335 | $5,140 | $8,924 | $12,694 | $17,946 |
| 06903 | $10,871 | $12,384 | $14,078 | $16,786 | $22,283 |
| 06904 | $8,876 | $10,558 | $13,122 | $14,724 | $20,427 |
| 06905 | $6,379 | $8,791 | $10,306 | $12,236 | $15,009 |
| 06906 | $4,898 | $6,826 | $8,954 | $10,682 | $12,371 |
| 06907 | $4,472 | $6,422 | $9,341 | $10,960 | $13,048 |
Source: Ownwell