Cos Cob, Fairfield County, Connecticut Property Taxes

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

Median Cos Cob, 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 Cos Cob, CT home value: $705,460. Median annual Cos Cob, CT tax bill: $8,202, $5,802 higher than the national median property tax bill of $2,400. How are property taxes in Fairfield County calculated? Property taxes in Cos Cob, 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 Cos Cob’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cos Cob, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cos Cob, Fairfield County, Connecticut Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.24%

Estimate Property Tax Bill

$8,935

$8,291

Ownwell’s Cos Cob Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cos Cob with just two data points.

By entering your property's estimated assessed value, our calculator applies Cos Cob’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 Cos Cob, Fairfield County, Connecticut

Local government entities determine tax rates, leading to significant variations within a state. Annually, each county in Connecticut estimates its budgetary needs to provide essential services and divides this by the total assessed value of all taxable properties within its jurisdiction. This calculation determines the property tax rate. The process involves votes and legislation, but this is the essence of how it works each year.

In Cos Cob, located in Fairfield County, the effective property tax rate is 1.16%. This rate stands out compared to other cities in Connecticut and is notably higher than the national median property tax rate of 1.02%. The property tax bill in Cos Cob is likely to exceed the national median of $2,400, reflecting the area's higher property values and tax rate. Understanding these rates is crucial for homeowners seeking to manage their property tax liabilities effectively. By appealing property tax assessments, residents can potentially lower their tax bills, making it essential to stay informed and proactive in managing property taxes.

Property Tax Rates Across Cos Cob, Fairfield County, Connecticut

Source: Ownwell

1.24%

2.79%

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 Cos Cob Tax Rate

1.24%

Median Effective Fairfield County Tax Rate

2.50%

Median Effective Connecticut Tax Rate

3.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cos Cob, Fairfield County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
06807	1.20%	1.24%	1.24%	1.24%	1.24%

Source: Ownwell

Property Tax Assessment Values Across Cos Cob, Fairfield County, Connecticut

When examining property taxes in Cos Cob, 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. Assessment notices: Fairfield County assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Cos Cob. For example, the median home price in Cos Cob is $705,460, with tax bills ranging significantly across the county. Zip code 06807 has the highest median home price at $705,460.

Property Tax Assessment Values Across Cos Cob, Fairfield County, Connecticut

Source: Ownwell

$133,970

$642,613

$1,151,255

Median Cos Cob Market Value

$720,545

Median Fairfield County Market Value

$335,010

Median Connecticut Market Value

$209,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cos Cob, Fairfield County, Connecticut

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
06807	$468,447	$581,210	$720,545	$1,010,152	$1,390,053

Source: Ownwell

Property Tax Bills Across Cos Cob, Fairfield County, Connecticut

In Cos Cob, located in Fairfield County, CT, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Cos Cob face a median property tax bill of $8,202, significantly higher than the national median of $2,400. This high tax burden is influenced by the area's median home price of $705,460. Property tax bills can vary widely, with the 25th percentile at $6,708 and the 75th percentile reaching $11,382. For homeowners, this means that property taxes are a substantial financial consideration. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners reduce their tax burden and ensure they are not overpaying, potentially saving them thousands of dollars annually.

Property Tax Bills Across Cos Cob, Fairfield County, Connecticut

Source: Ownwell

$4,451

$14,828

$25,204

Median Cos Cob Tax Bill

$8,902

Median Fairfield County Tax Bill

$8,867

Median Connecticut Tax Bill

$6,666

Median United States Tax Bill

$2,400

Property Tax Bills Across Cos Cob, Fairfield County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
06807	$5,795	$7,183	$8,902	$12,348	$16,999

Source: Ownwell