Eastford, Connecticut Property Taxes
The median property tax rate in Eastford, CT is 2.75%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Eastford, the typical annual property tax bill reaches $4,097, exceeding the national median of $2,690. Property taxes in Eastford 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 Eastford'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 Eastford or another part of Windham County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eastford, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.75%
Estimate Property Tax Bill
$4,097
$3,802
Ownwell’s Eastford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eastford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eastford 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 Eastford, Connecticut
Property taxes in Eastford, Connecticut, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eastford is 2.75%, significantly higher than both the Connecticut state median of 1.70% and the U.S. national median of 0.99%. Local government entities within Eastford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eastford 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 Eastford's effective property tax rate to other counties in Connecticut and the national median. For comparison, the 06242 zip code has the highest median property tax rate of 2.75%, while the 06242 zip code also has the lowest median tax rate of 2.75%. Understanding how these cities compare with Eastford provides valuable insights into the varying tax landscape across Windham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eastford Tax Rate
2.75%
Average Windham County Tax Rate
2.75%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eastford, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06242 | 2.75% | 2.75% | 2.75% | 2.75% | 2.75% |
Source: Ownwell
Property Tax Assessment Values Across Eastford, Connecticut
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Eastford, Connecticut. 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 Windham 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 Eastford, 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. For example, the median home price in Eastford is $148,970, with tax bills in the 25th percentile at $3,345 and in the 75th percentile at $5,361. 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 Eastford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eastford Assessed Value
$148,970
Average Windham County Assessed Value
$144,900
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eastford, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06242 | $92,736 | $121,630 | $148,970 | $194,930 | $249,180 |
Source: Ownwell
Property Tax Bills Across Eastford, Connecticut
In Eastford, 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 is then applied to this assessed value to determine the annual property tax bill. For example, the median home price in Eastford is $148,970. Homeowners in Eastford can expect their property tax bills to vary significantly. At the 25th percentile, the tax bill is around $3,345, while at the 75th percentile, it reaches approximately $5,361. For those in the 90th percentile, the tax bill can be as high as $6,853. These property tax bills can have a substantial impact on homeowners, influencing their overall cost of living and potentially affecting decisions related to homeownership. Compared to the national median property tax rate of 0.99%, Eastford’s property tax rates can be considered relatively high, underscoring the importance for homeowners to understand how their tax bills are calculated and what factors contribute to them.
Average Eastford Tax Bill
$4,097
Average Windham County Tax Bill
$4,074
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Eastford, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06242 | $2,550 | $3,345 | $4,097 | $5,361 | $6,853 |
Source: Ownwell