Essex County Property Taxes
The median property tax rate in Essex County is 2.23%, which is significantly higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Essex County at $115,000, the typical annual property tax bill amounts to $2,384, nearly matching the national median of $2,690. Property taxes in Essex County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Essex County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in a city or another part of Essex County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Essex County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.23%
Estimate Property Tax Bill
$2,565
Ownwell’s Essex County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Essex County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Essex County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Essex County, Vermont
Property taxes in Essex County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Essex County is 2.23%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Essex County set these rates annually, and they can vary significantly between different areas within the county. Each year, Essex County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Essex County's effective property tax rate with other regions in Vermont and the national median. For comparison, the city of Saint Johnsbury has one of the higher property tax rates in Vermont at 2.36%, while the city of Norton boasts one of the lowest at 1.62%. Analyzing how Essex County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Essex County Tax Rate
2.23%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Essex County, Vermont
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Averill | N/A | N/A | N/A | N/A | N/A |
| Beecher Falls | 1.88% | 1.88% | 1.88% | 1.88% | 1.88% |
| Bloomfield | 1.96% | 1.96% | 1.96% | 1.96% | 1.96% |
| Brighton | 2.23% | 2.23% | 2.23% | 2.23% | 2.23% |
| Brunswick | 1.73% | 1.73% | 1.73% | 1.73% | 1.74% |
| Canaan | 1.88% | 1.88% | 1.88% | 1.88% | 1.88% |
| Concord | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% |
| Derby | 1.73% | 1.73% | 1.73% | 1.73% | 1.73% |
| East Haven | N/A | N/A | N/A | N/A | N/A |
| Ferdinand | N/A | N/A | N/A | N/A | N/A |
| Gilman | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% |
| Granby | 2.08% | 2.08% | 2.08% | 2.08% | 2.08% |
| Guildhall | 1.73% | 1.96% | 1.96% | 1.96% | 1.96% |
| Island Pond | 2.23% | 2.23% | 2.23% | 2.23% | 2.23% |
| Lemington | 1.88% | 1.88% | 1.88% | 1.88% | 1.88% |
| Lunenburg | 2.28% | 2.28% | 2.28% | 2.28% | 2.36% |
| Maidstone | 1.76% | 1.79% | 1.85% | 1.90% | 1.94% |
| North Concord | 2.35% | 2.36% | 2.36% | 2.36% | 2.36% |
| Norton | 1.27% | 1.46% | 1.62% | 1.91% | 2.12% |
| Saint Johnsbury | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% |
| Victory | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Essex County, Vermont
In Essex, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Essex Appraisal District. The assessed value, however, 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. Assessment notices in Essex are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Saint Johnsbury has the highest median tax bill at $4,265, while Derby has the lowest at $464. Being aware of these valuation processes in Essex will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Essex County Assessed Value
$115,000
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Essex County, Vermont
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Averill | N/A | N/A | N/A | N/A | N/A |
| Beecher Falls | $59,800 | $86,000 | $105,950 | $134,000 | $168,900 |
| Bloomfield | $17,050 | $48,625 | $104,100 | $151,825 | $232,620 |
| Brighton | $14,100 | $19,250 | $39,000 | $143,100 | $221,940 |
| Brunswick | $9,820 | $15,425 | $53,400 | $154,950 | $205,860 |
| Canaan | $57,600 | $99,600 | $135,900 | $198,800 | $284,600 |
| Concord | $31,640 | $65,600 | $114,600 | $159,100 | $210,600 |
| Derby | $26,800 | $26,800 | $26,800 | $26,800 | $26,800 |
| East Haven | N/A | N/A | N/A | N/A | N/A |
| Ferdinand | N/A | N/A | N/A | N/A | N/A |
| Gilman | $37,960 | $48,350 | $78,400 | $92,650 | $124,280 |
| Granby | $14,800 | $41,450 | $76,500 | $115,450 | $169,900 |
| Guildhall | $19,350 | $70,700 | $154,000 | $219,175 | $300,150 |
| Island Pond | $26,740 | $63,100 | $112,800 | $171,400 | $250,000 |
| Lemington | $70,580 | $86,400 | $111,100 | $168,600 | $276,720 |
| Lunenburg | $37,100 | $66,500 | $99,700 | $157,400 | $211,680 |
| Maidstone | $105,100 | $173,850 | $234,200 | $299,800 | $372,700 |
| North Concord | $35,780 | $70,200 | $124,200 | $161,950 | $228,180 |
| Norton | $32,990 | $71,200 | $119,650 | $180,125 | $250,610 |
| Saint Johnsbury | $165,070 | $171,025 | $180,950 | $190,875 | $196,830 |
| Victory | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Essex County, Vermont
In Essex County, VT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local assessors and reflects the market value of the property. Homeowners in Essex County face a range of property tax bills, with the 25th percentile at $1,478, the 75th percentile at $3,582, and the 90th percentile reaching up to $5,027. These figures highlight the variability in tax burdens depending on property values and specific local tax rates. For comparison, the national median property tax rate is 0.99%, which can help put Essex County's figures into perspective. For instance, in Saint Johnsbury, the highest median tax bill is $4,265, while Derby has the lowest at $464. Understanding these factors is crucial for homeowners as property taxes significantly impact annual housing costs and overall affordability. By knowing how their tax bill is determined, homeowners can better plan and budget for these expenses.
Average Essex County Tax Bill
$2,384
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Essex County, Vermont
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Averill | N/A | N/A | N/A | N/A | N/A |
| Beecher Falls | $1,126 | $1,620 | $1,995 | $2,523 | $3,180 |
| Bloomfield | $331 | $953 | $1,953 | $2,944 | $4,539 |
| Brighton | $332 | $468 | $840 | $2,932 | $4,985 |
| Brunswick | $175 | $269 | $889 | $2,679 | $3,743 |
| Canaan | $1,107 | $1,899 | $2,580 | $3,758 | $5,404 |
| Concord | $743 | $1,546 | $2,676 | $3,736 | $4,966 |
| Derby | $464 | $464 | $464 | $464 | $464 |
| East Haven | N/A | N/A | N/A | N/A | N/A |
| Ferdinand | N/A | N/A | N/A | N/A | N/A |
| Gilman | $906 | $1,194 | $1,788 | $2,045 | $2,583 |
| Granby | $307 | $976 | $1,561 | $2,410 | $3,545 |
| Guildhall | $267 | $454 | $1,535 | $2,548 | $4,007 |
| Island Pond | $1,046 | $1,648 | $2,698 | $3,956 | $5,657 |
| Lemington | $1,444 | $1,817 | $2,529 | $3,094 | $3,911 |
| Lunenburg | $852 | $1,512 | $2,275 | $3,589 | $4,818 |
| Maidstone | $1,198 | $1,361 | $1,633 | $1,905 | $2,068 |
| North Concord | $948 | $2,204 | $3,071 | $3,612 | $4,886 |
| Norton | $661 | $1,285 | $2,039 | $2,840 | $3,842 |
| Saint Johnsbury | $3,891 | $4,031 | $4,265 | $4,499 | $4,639 |
| Victory | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell