West Danville, Vermont Property Taxes
The median property tax rate in West Danville, VT is 2.15%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in West Danville at $222,400, the typical annual property tax bill reaches $5,190, exceeding the national median of $2,690. Property taxes in West Danville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding West Danville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of West Danville or another part of Caledonia County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
West Danville, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.15%
Estimate Property Tax Bill
$4,782
Ownwell’s West Danville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Danville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Danville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across West Danville, Vermont
Property taxes in West Danville, Vermont, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Danville is 2.15%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within West Danville set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Danville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares West Danville's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05873 zip code has the highest median property tax rate of 2.15%, while the same zip code also has the lowest median tax rate of 2.15%. Understanding how these figures compare with West Danville provides valuable insights into the varying tax landscape across Caledonia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average West Danville Tax Rate
2.15%
Average Caledonia County Tax Rate
2.48%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Danville, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05873 | 2.15% | 2.15% | 2.15% | 2.15% | 2.15% |
Source: Ownwell
Property Tax Assessment Values Across West Danville, Vermont
In West Danville, Vermont, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Caledonia County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In West Danville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in West Danville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $5,190, with the zip code 05873.
Average West Danville Assessed Value
$222,400
Average Caledonia County Assessed Value
$151,500
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across West Danville, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05873 | $99,960 | $154,600 | $222,400 | $308,150 | $406,660 |
Source: Ownwell
Property Tax Bills Across West Danville, Vermont
In West Danville, located in Caledonia County, VT, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This value is then multiplied by the local tax rate to calculate the annual tax bill. Several factors influence the assessed value, including the property's market value, size, location, and any improvements made to it. For homeowners in West Danville, the property tax bill can vary significantly. For instance, the 25th percentile of tax bills is around $3,665, while those in the 75th percentile can see bills as high as $7,634. At the 90th percentile, tax bills can reach approximately $9,475. The median home price in the area is $222,400, which provides a basis for these calculations. Compared to the national median property tax rate of 0.99%, West Danville's tax rates reflect the local economic conditions and government funding needs, impacting homeowners' financial planning and budgeting.
Average West Danville Tax Bill
$5,190
Average Caledonia County Tax Bill
$3,630
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across West Danville, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05873 | $2,252 | $3,665 | $5,190 | $7,634 | $9,475 |
Source: Ownwell