Calais, Vermont Property Taxes
The median property tax rate in Calais, VT is 1.11%, significantly higher than the national median of 0.99%, yet lower than the Vermont state median of 2.11%. With a median home value of $209,900 in Calais, the typical annual property tax bill amounts to $3,314, surpassing the national median of $2,690. Property taxes in Calais are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Calais'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 Calais 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
Calais, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,330
Ownwell’s Calais Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Calais with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Calais 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 Calais, Vermont
Property taxes in Calais, Vermont, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Calais is 1.11%, higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within Calais set these rates annually, and they can vary significantly across different neighborhoods. Each year, Calais 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 Calais's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05648 zip code has the highest median property tax rate of 1.11%, while the 05648 zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Calais provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Calais Tax Rate
1.11%
Average Washington County Tax Rate
2.08%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Calais, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05648 | 0.22% | 0.54% | 1.11% | 1.72% | 2.32% |
Source: Ownwell
Property Tax Assessment Values Across Calais, Vermont
In Calais, 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 Washington 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 Calais, 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 Calais helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 05648, with a median tax bill of $3,314.00.
Average Calais Assessed Value
$209,900
Average Washington County Assessed Value
$205,330
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Calais, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05648 | $98,200 | $151,050 | $209,900 | $277,150 | $368,600 |
Source: Ownwell
Property Tax Bills Across Calais, Vermont
In Calais, Washington County, VT, property tax bills are determined by multiplying the assessed value of the home by the local property tax rate. The assessed value is typically a percentage of the market value, which is determined through periodic assessments by local authorities. Several factors influence the tax bill, including the home's location, size, and condition, as well as any applicable exemptions or deductions. Homeowners in Calais experience a range of property tax bills. For example, the 25th percentile tax bill is $1,315, while the 75th percentile reaches $4,051. At the 90th percentile, the tax bill can be as high as $4,454. The highest median tax bill in the area is $3,314, found in zip code 05648. These figures highlight the variability in property tax burdens, which can significantly impact household finances. Compared to the national median property tax rate of 0.99%, Calais homeowners may find their tax bills to be relatively high, reflecting the importance of accurate assessments and potential appeals.
Average Calais Tax Bill
$3,314
Average Washington County Tax Bill
$3,773
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Calais, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05648 | $340 | $1,315 | $3,314 | $4,051 | $4,454 |
Source: Ownwell