Mill rate
22.36
$1 per $1,000 assessed
Calculator · Towns · Waterford
New London County · 7 of 21 in the county
Waterford property tax
FY2026 mill rate 22.36. Real property is assessed at 70% of fair market value. Statewide rank: 38 of 169 (lowest mill rate is 1).
Effective rate
1.57%
Tax ÷ market value
Tax on $1.6M
$25,043.20
$2,086.93 / month
MV mill rate
22.36
Secondary; cap 32.46
Buying in Waterford? A lender PITI estimate should include about $2,086.93/mo of property tax.
Example taxes in Waterford
| Market value | Assessed (70%) | Annual tax | Monthly |
|---|---|---|---|
| $500,000.00 | $350,000.00 | $7,826.00 | $652.17 |
| $1,000,000.00 | $700,000.00 | $15,652.00 | $1,304.33 |
| $1,600,000.00 | $1,120,000.00 | $25,043.20 | $2,086.93 |
| $2,500,000.00 | $1,750,000.00 | $39,130.00 | $3,260.83 |
Compared with nearby towns
Same $1,600,000 house in Waterford, New London and East Lyme. Open the live calculator to change the price.
| On $1.6M | Waterford | New London | East Lyme |
|---|---|---|---|
| Mill rate | 22.36 | 27.2 | 28.01 |
| Annual tax | $25,043.20 | $30,464.00 | $31,371.20 |
| Monthly | $2,086.93 | $2,538.67 | $2,614.27 |
| Vs. lowest | Lowest | +$5,420.80 / yr | +$6,328.00 / yr |
Formula
annual tax = (fair market value × 0.70 × 22.36) ÷ 1,000
For a $1,000,000 home in Waterford that is $15,652.00 per year before exemptions and special districts.
Confirm with the Waterford assessor.
Fire districts and other special taxing districts can add mills on top of this municipal rate. Exemptions are not applied here. Think the assessment is too high? See how to appeal a CT property assessment.