East Charleston, Vermont Property Taxes
The median property tax rate in East Charleston, VT is 2.29%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in East Charleston at $122,500, the typical annual property tax bill reaches $3,496, exceeding the national median of $2,690. Property taxes in East Charleston 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 East Charleston'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 East Charleston 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
East Charleston, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.29%
Estimate Property Tax Bill
$2,805
Ownwell’s EAST CHARLESTON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAST CHARLESTON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAST CHARLESTON 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 East Charleston, Vermont
Property taxes in East Charleston, Vermont, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Charleston is 2.29%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within East Charleston set these rates annually, and they can vary across different neighborhoods. Each year, East Charleston 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 East Charleston's effective property tax rate to other areas in Vermont and the national median. For comparison, the 05833 zip code has the highest median property tax rate of 2.29%, while the same 05833 zip code also has the lowest median tax rate of 2.29%. Understanding how these cities compare with East Charleston provides valuable insights into the varying tax landscape across Orleans County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Charleston Tax Rate
2.29%
Average Orleans County Tax Rate
2.04%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Charleston, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05833 | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across East Charleston, Vermont
In East Charleston, 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 Orleans 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 East Charleston, 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 East Charleston is $122,500, with tax bills ranging from $2,165 at the 25th percentile to $6,328 at the 90th percentile. The zip code 05833 has the highest median tax bill at $3,496. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across East Charleston, Vermont
Source: Ownwell
$28,300
$131,075
$233,850
Average East Charleston Assessed Value
$122,500
Average Orleans County Assessed Value
$150,000
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Charleston, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05833 | $41,540 | $68,000 | $122,500 | $169,600 | $243,380 |
Source: Ownwell
Property Tax Bills Across East Charleston, Vermont
In East Charleston, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $122,500. The assessed value is determined by local tax assessors and can significantly impact the final tax bill. For homeowners, factors such as property size, location, and improvements made to the home are considered in the assessment process. Homeowners in East Charleston can expect their tax bills to vary widely. The 25th percentile tax bill is $2,165, while the 75th percentile tax bill reaches $3,916. For those in the 90th percentile, tax bills can be as high as $6,328. Compared to the national median property tax rate of 0.99%, homeowners in East Charleston may find their tax rates to be relatively high. This variation underscores the importance of understanding the local property tax system and how it affects overall homeownership costs in Orleans County.
Average East Charleston Tax Bill
$3,496
Average Orleans County Tax Bill
$3,124
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across East Charleston, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05833 | $1,286 | $2,165 | $3,496 | $3,916 | $6,328 |
Source: Ownwell