06418 Property Tax Rate

Property owners in ZIP code 06418 (Derby, Connecticut) pay a median of $5,508/year in property taxes on homes valued at $243,500. This translates to an effective tax rate of 2.26%, which is 27% above the Connecticut state average of 1.78%.

The monthly property tax burden for a median-valued home in 06418 is approximately $459, which factors into escrow payments on mortgages. This ZIP code is located within New Haven County. This is $935 less than the Connecticut average of $6,443/year.

Compared to similar ZIP codes in Connecticut, 06418 has higher property taxes. ZIP codes with similar effective rates include 06066 (2.26%) and 06787 (2.26%).

In Derby, property taxes represent approximately 7.3% of the median household income of $75,718, providing context for the relative tax burden on homeowners in this area.

Connecticut has no statewide property tax cap; New Haven County reassesses at market value during regular revaluation cycles (typically every 5 years) and at sale, so your tax bill will reflect your purchase price. File for the Homestead Exemption in your municipality within 30 days of closing; contact the New Haven County Assessor or your town assessor's office for the application. Request a Certificate of Assessment from the assessor to verify your home's assessed value and confirm the deadline for filing an appeal if you believe the assessment is incorrect.