Connecticut Property Tax Calculator 2021

Want to calculate your Connecticut property taxes? Calculate your Connecticut property taxes using our Connecticut property tax calculator. Taxes are based on thousandth rates for fiscal year 2021. Below is our Connecticut property tax calculator using thousandth rates for fiscal year 2021.

Connecticut Property Taxes: Estimated Value and Rate Per Mile

In order to calculate your Connecticut property taxes. You will need your property’s assessed value and mileage rates.

What is the difference between Estimated Value and Estimated Value?

The estimated value of a property is 70% of the value assessed value. While the appraised value of the property is the price of the property set by the city. It is important to know the difference between the estimated value and the estimated value when calculating your Connecticut property taxes.

How is appraised value calculated in Connecticut?

The estimated value of the property is the price of the property set by the municipality. Usually, municipal appraisers will determine this by comparing the value of comparable properties and usually send an inspector to physically inspect the property. The appraised value is made up of a land value and a construction improvement value and the total will be your appraised value. The law obliges municipalities to reassess real estate at least once every 5 years (CGS 12-62b (1)). As part of the reassessment, municipal inspectors from the Office of Municipal Appraisers will conduct physical inspections of the properties by scanning the exterior of the property. If there are any variances in square footage or in improvements to new buildings, you will be reassessed.

True Story: Click here to find out how a Greenwich resident appealed her property taxes.

How to calculate the assessed value?

Once you know your Expertise Value, you just need to take 70% of the Expertise Value to determine your Expertise Value. By law, cities in Connecticut must appraise properties at 70% of estimated value or fair market value (CGS 12-62a (b))

What is the thousand rate?

Each city sets its own Mill rate, and the Mill rates are adjusted each year. Most cities publish their rates in miles in May. For example, the Greenwich Board of Estimate and Taxation sets the thousandth rate in May of each year.

A mill represents $ 1 for every $ 1,000 of assessed property value. For example, Greenwich has a per mile rate of 11,689 miles, which means that a house with an assessed value of $ 1,000,000 has a property tax of $ 11,689 per year.

Here are the rates per mile for fiscal year 2021 for cities in Fairfield County and cities in Lower New Haven County:

Connecticut Cities Rate per thousand for fiscal year 2021
Bethel 33.74
Bridgeport 53.99
Brookfield 29.65
Danbury 27.60
You’re welcome 16.33
Derby 43,869
Easton 31.00
Fairfield 26.79
Greenwich 11.59
Milford 27.68
Monroe 35.48
New Canaan 18,164
New Fairfield 30.58
New Havre 43.88
New city 34.76
Norwalk 23.956
Norwalk (Rowayton) 22,252
Orange 32.74
Redness 32.84
Ridgefield 12/28
Shelton 22.42
Sherman 19.11
Stamford * 26.35
Stratford 39.64
Trumbull 34.74
West Haven 37.48
Weston 32.37
Westport 16.71
Wilton 27.46

* Stamford has several mileage rates. Stamford’s 2020 fiscal year mileage rates range from 25.53 to 26.35.

Which city has the lowest mile rate in Fairfield County?

As you can see, Greenwich has the lowest rate in Fairfield County at 11.682 while Bridgeport has the highest rate in Fairfield County at 53.99.

How do you calculate property taxes in Connecticut?

Here’s how to calculate Connecticut property taxes. First, take the 100% assessed property value and multiply by 70% to get the assessed value. Then you multiply the assessed value of the property by the thousandth rate and divide by 1,000. For example, a property with a 100% appraised value of $ 2,000,000 in Greenwich will have a property tax of 15,916.60 $.

Take 70% of the appraised value: $ 2,000,000 x 0.70 = $ 1,400,000

Multiply the assessed value by the thousand rate: $ 1,400,000 x 11.682 = $ 16,354,800

Divide by 1000: $ 16,354,800 / 1000 = $ 16,354.80

As you can see, calculating Connecticut property taxes is fairly straightforward and certainly not as complicated as calculating Westchester property taxes.

Connecticut Property Tax Calculator

Connecticut Property Tax Calculator using Thousandth of Fiscal Year 2021 rates. Simply enter the 100% appraised value of the property and select your city. If you don’t have the exact city appraisal, I suggest using the property’s buying price or selling price. The Connecticut Property Tax Calculator below will calculate properties in Fairfield County and the cities of Lower New Haven.

* Stamford has several mileage rates. In the calculator, we have used 26.35 as the rate per mile for Stamford.

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