Stonington, New London County, Connecticut Property Taxes

Name: Property Tax Bills Across Stonington, New London County, Connecticut
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Stonington, CT effective property tax rate: 1.92%, significantly higher than the national median of 1.02%, but lower than the Connecticut state median of 3.14%.
Median Stonington, CT home value: $391,300
Median annual Stonington, CT tax bill: $7,385, $4,985 higher than the national median property tax bill of $2,400.

How are property taxes in New London calculated?

Property taxes in Stonington, 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 Stonington’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Stonington, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Stonington, New London County, Connecticut Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.92%

Estimate Property Tax Bill

$7,513

$6,972

Ownwell’s Stonington Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stonington with just two data points. By entering your property's estimated assessed value, our calculator applies Stonington’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 New London County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Stonington, New London County, Connecticut

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Stonington in New London County, CT, exemplifies this variability. The effective property tax rate in Stonington is 1.92%, which is significantly higher than the national median property tax rate of 1.02%. This means that property owners in Stonington pay more in property taxes compared to the national average. The median property tax bill in Stonington also surpasses the national median bill of $2,400, reflecting the higher tax rate. Understanding these differences can help property owners in Stonington make informed decisions about property tax appeals and exemptions. By comparing Stonington's effective property tax rate to other cities in Connecticut and the U.S., residents can better understand their tax burden and explore potential savings.

Property Tax Rates Across Stonington, New London County, Connecticut

Source: Ownwell

1.91%

3.05%

4.19%

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 Stonington Tax Rate

1.92%

Median Effective New London County Tax Rate

2.72%

Median Effective Connecticut Tax Rate

3.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Stonington, New London County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
06378	1.79%	1.82%	1.92%	1.97%	1.99%

Source: Ownwell

Property Tax Assessment Values Across Stonington, New London County, Connecticut

When examining property taxes in Stonington, Connecticut, 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 New London 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. In New London County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Stonington. For example, the median home price in Stonington is $391,300, with tax bills ranging significantly across the county. Zip code 06378 has the highest median home price at $391,300.

Property Tax Assessment Values Across Stonington, New London County, Connecticut

Source: Ownwell

$86,800

$274,225

$461,650

Median Stonington Market Value

$391,300

Median New London County Market Value

$177,100

Median Connecticut Market Value

$189,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Stonington, New London County, Connecticut

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
06378	$191,090	$268,125	$391,300	$572,600	$911,650

Source: Ownwell

Property Tax Bills Across Stonington, New London County, Connecticut

In Stonington, CT, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is influenced by factors such as location, size, and property condition. Homeowners in Stonington face a median tax bill significantly higher than the national median of $2,400, with the town's median tax bill reaching $7,385. This can pose a financial burden, especially when compared to the national median property tax rate of 1.02%. High property taxes can affect homeowners by increasing their monthly expenses and impacting their ability to afford other necessities. Ownwell offers a solution by providing property tax appeal services, which can help homeowners reduce their tax bills. By analyzing the assessed value and identifying discrepancies, Ownwell can assist in filing appeals, potentially lowering the tax burden and offering significant savings. With expertise in navigating local tax laws, Ownwell ensures homeowners pay only what is fair.

Property Tax Bills Across Stonington, New London County, Connecticut

Source: Ownwell

$2,672

$6,786

$10,900

Median Stonington Tax Bill

$7,385

Median New London County Tax Bill

$4,738

Median Connecticut Tax Bill

$6,162

Median United States Tax Bill

$2,400

Property Tax Bills Across Stonington, New London County, Connecticut

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
06378	$3,566	$4,997	$7,385	$10,694	$17,276

Source: Ownwell