Beecher Falls, Vermont Property Taxes
The median property tax rate in Beecher Falls, VT is 1.88%, considerably higher than the national median of 0.99% but lower than the Vermont state median of 2.11%. With the median home value in Beecher Falls at $105,950, the typical annual property tax bill reaches $1,995, which is below the national median of $2,690. Property taxes in Beecher Falls 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 Beecher Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Beecher Falls or another part of Essex County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Beecher Falls, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.88%
Estimate Property Tax Bill
$1,992
Ownwell’s Beecher Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beecher Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beecher Falls 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 Beecher Falls, Vermont
Property taxes in Beecher Falls, Vermont, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beecher Falls is 1.88%, significantly higher than the U.S. national median of 0.99%. Local government entities within Beecher Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beecher Falls 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 Beecher Falls' effective property tax rate to other areas in Essex County and the national median. For comparison, the zip code 05902 has both the highest and lowest median property tax rate of 1.88%. Understanding how these areas compare with Beecher Falls provides valuable insights into the varying tax landscape across Essex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beecher Falls Tax Rate
1.88%
Average Essex County Tax Rate
2.23%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beecher Falls, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05902 | 1.88% | 1.88% | 1.88% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Beecher Falls, Vermont
In Beecher Falls, 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 Essex 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 Beecher Falls, 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. The median home price in Beecher Falls is $105,950, with tax bills ranging from $1,620 at the 25th percentile to $3,180 at the 90th percentile. The zip code 05902 has the highest and lowest median tax bill of $1,995. Being aware of these valuation processes in Beecher Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Beecher Falls Assessed Value
$105,950
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 Beecher Falls, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05902 | $59,800 | $86,000 | $105,950 | $134,000 | $168,900 |
Source: Ownwell
Property Tax Bills Across Beecher Falls, Vermont
In Beecher Falls, Essex County, VT, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the town’s assessor and reflects the property's market value. Homeowners in Beecher Falls experience property tax bills that can vary significantly. For example, the tax bill at the 25th percentile is $1,620, while at the 75th percentile, it reaches $2,523. The highest median tax bill in the area is $1,995. Several factors influence the property tax bill, including the property's location, size, and condition. These factors are essential as they impact the assessed value, which is then multiplied by the local tax rate to determine the final tax bill. This system ensures that property taxes are proportionate to the value of the property, affecting homeowners by correlating their tax responsibilities with their property’s value. Compared to the national median property tax rate of 0.99%, the property tax rate in Beecher Falls is notably higher, reflecting the local economic and real estate conditions.
Average Beecher Falls Tax Bill
$1,995
Average Essex County Tax Bill
$2,384
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Beecher Falls, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05902 | $1,126 | $1,620 | $1,995 | $2,523 | $3,180 |
Source: Ownwell