East Dummerston, Vermont Property Taxes
The median property tax rate in East Dummerston, VT is 1.76%, 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 Dummerston, the typical annual property tax bill reaches $4,281, exceeding the national median of $2,690. Property taxes in East Dummerston 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 Dummerston'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 Dummerston 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 Dummerston, 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 East Dummerston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Dummerston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Dummerston 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 Dummerston, Vermont
Property taxes in East Dummerston, Vermont, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Dummerston is 1.76%, significantly higher than the U.S. national median of 0.99%. Local government entities within East Dummerston set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Dummerston 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 Dummerston's effective property tax rate to other areas in Windham County and the national median. For comparison, the zip code 05346 has the highest median property tax rate of 1.76%, while the same zip code also has the lowest median tax rate of 1.76%. Understanding how these areas compare with East Dummerston provides valuable insights into the varying tax landscape across Windham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Dummerston Tax Rate
1.76%
Average Windham County Tax Rate
2.04%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Dummerston, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05346 | 1.76% | 1.76% | 1.76% | 1.76% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across East Dummerston, Vermont
In East Dummerston, 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 Windham 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 Dummerston, 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 East Dummerston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in the area is $4,281, with the highest and lowest median tax bills both found in zip code 05346.
Property Tax Assessment Values Across East Dummerston, Vermont
Source: Ownwell
$126,350
$222,725
$319,100
Average East Dummerston Assessed Value
$244,500
Average Windham County Assessed Value
$195,000
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Dummerston, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05346 | $141,220 | $188,550 | $244,500 | $344,500 | $520,040 |
Source: Ownwell
Property Tax Bills Across East Dummerston, Vermont
Property tax bills in East Dummerston, located in Windham County, VT, are determined by multiplying the assessed value of a property by the local tax rate. The median home price in East Dummerston is $244,500. Homeowners here pay property taxes based on this assessed value, which may differ from the market value. The property tax rate in East Dummerston can lead to substantial tax bills, with the 25th percentile tax bill at $3,316 and the 75th percentile reaching $6,065. At the 90th percentile, homeowners might face a tax bill as high as $9,163. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, East Dummerston’s property tax bills can be relatively high. For homeowners, this means that understanding the assessed value of their property and how it’s calculated is crucial for managing their financial planning and ensuring they are not overpaying on their property taxes.
Average East Dummerston Tax Bill
$4,281
Average Windham County Tax Bill
$3,712
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across East Dummerston, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05346 | $2,469 | $3,316 | $4,281 | $6,065 | $9,163 |
Source: Ownwell