Brunswick, Vermont Property Taxes
The median property tax rate in Brunswick, VT is 1.73%, 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 Brunswick at $53,400, the typical annual property tax bill reaches $889, which is significantly below the national median of $2,690. Property taxes in Brunswick 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 Brunswick'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 Brunswick or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brunswick, Vermont Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.11%
Estimate Property Tax Bill
$4,220
Ownwell’s Brunswick Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Brunswick with just two key data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brunswick to provide an accurate estimate of your property tax bill. This valuable tool offers a clear picture of your potential tax liabilities, helping you plan your finances more effectively. For those interested in more detailed insights, you can explore neighborhood-level trends by scrolling down. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Brunswick, Vermont
Property taxes in Brunswick, Vermont, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brunswick is 1.73%, significantly higher than the U.S. national median of 0.99%. Local government entities within Brunswick set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brunswick 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 Brunswick's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05905 zip code has the highest median property tax rate of 1.73%, while the same zip code also has the lowest median tax rate of 1.73%. Understanding how these cities compare with Brunswick 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 Brunswick Tax Rate
1.73%
Average Essex County Tax Rate
2.23%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brunswick, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05905 | 1.73% | 1.73% | 1.73% | 1.73% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Brunswick, Vermont
In Brunswick, 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 Brunswick, 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. The median home price in Brunswick is $53,400, with tax bills ranging from $269 at the 25th percentile to $3,743 at the 90th percentile. The highest and lowest median tax bills are both $889, found in the 05905 zip code. 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 Brunswick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brunswick Assessed Value
$53,400
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 Brunswick, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05905 | $9,820 | $15,425 | $53,400 | $154,950 | $205,860 |
Source: Ownwell
Property Tax Bills Across Brunswick, Vermont
In Brunswick, Essex County, VT, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is based on the market value of the home, which in Brunswick has a median home price of $53,400. The local tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or abatements. For example, the tax bill for the 25th percentile is $269, while for the 75th percentile, it rises to $2,679. At the 90th percentile, homeowners can expect to pay around $3,743 annually. Comparatively, the national median property tax rate stands at 0.99%, highlighting the variability in tax burdens across different regions. Brunswick's property tax system ensures that homeowners contribute to local services and infrastructure, but the impact on individual finances can vary significantly based on property value and specific local factors.
Average Brunswick Tax Bill
$889
Average Essex County Tax Bill
$2,384
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Brunswick, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05905 | $175 | $269 | $889 | $2,679 | $3,743 |
Source: Ownwell