06/15/2026
Are your property taxes too high?
I've been digging through how property taxes work, and here's something I don't think a lot of people realize.
Your property tax isn't based on what your home is worth. It's based on a separate "taxable value" that can only rise a little each year. It follows inflation, and never by more than 5%. So the longer you own your home, the further that taxable value falls behind what the home is actually worth. But the moment a home sells, the cap resets, and the new owner starts being taxed on the full, current value.
Here's a real Stratford example, the same house, worth about $500,000 today:
• Owned since 2016 → pays about $3,700/year
• Bought in 2026 → pays about $5,700/year
Same house. The only difference is how long each owner has held it. So if you've owned your home in Stratford for more than 5 years, you're very likely paying significantly less property tax than a newer owner would, even for an identical home.
I just think it's worth understanding how the system actually works.
Do you think this is fair?