Johnson, Vermont Property Taxes
The median property tax rate in Johnson, VT is 2.37%, significantly higher than both the national median of 0.99% and Vermont's state median of 2.11%. With the median home value in Johnson at $154,300, the typical annual property tax bill reaches $3,640, exceeding the national median of $2,690. Property taxes in Johnson are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Johnson'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 Johnson 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
Johnson, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.37%
Estimate Property Tax Bill
$3,657
Ownwell’s Johnson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Johnson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnson 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 Johnson, Vermont
Property taxes in Johnson, Vermont, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnson is 2.37%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within Johnson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnson 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 Johnson's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05656 zip code has the highest median property tax rate of 2.37%, while the same zip code also has the lowest median tax rate of 2.37%. Understanding how these cities compare with Johnson provides valuable insights into the varying tax landscape across Lamoille County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Johnson Tax Rate
2.37%
Average Lamoille County Tax Rate
2.18%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Johnson, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05656 | 2.37% | 2.37% | 2.37% | 2.37% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Johnson, Vermont
In Johnson, 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 Lamoille 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 Johnson, 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 Johnson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 05656 has both the highest and lowest median tax bill, which is $3640.
Average Johnson Assessed Value
$154,300
Average Lamoille County Assessed Value
$219,600
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Johnson, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05656 | $18,440 | $82,500 | $154,300 | $218,750 | $292,400 |
Source: Ownwell
Property Tax Bills Across Johnson, Vermont
In Johnson, Vermont, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Johnson is $154,300, and the property tax rate in Vermont is notably higher than the national median of 0.99%. Homeowners in Johnson can expect tax bills that vary significantly depending on their property's assessed value. For instance, tax bills in the 25th percentile average around $1,954, while those in the 75th percentile can reach up to $5,160. At the 90th percentile, tax bills can soar to $6,944, reflecting the higher end of the property market. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions. Higher property values typically result in higher tax bills, impacting homeowners' annual financial planning. Understanding these factors is crucial for homeowners to anticipate their property tax obligations and manage their budgets effectively. In Johnson, the highest and lowest median tax bills are both recorded at $3,640, indicating a relatively consistent tax landscape within the area.
Average Johnson Tax Bill
$3,640
Average Lamoille County Tax Bill
$3,189
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Johnson, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05656 | $438 | $1,954 | $3,640 | $5,160 | $6,944 |
Source: Ownwell