S Londonderry, Vermont Property Taxes
The median property tax rate in S Londonderry, VT is 2.01%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in S Londonderry at $300,800, the typical annual property tax bill reaches $6,046, exceeding the national median of $2,690. Property taxes in S Londonderry 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 S Londonderry'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 S Londonderry 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
S Londonderry, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$6,046
Ownwell’s S Londonderry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in S Londonderry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in S Londonderry 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 S Londonderry, Vermont
Property taxes in S Londonderry, Vermont, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in S Londonderry is 2.01%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within S Londonderry set these rates annually, and they can vary significantly across different neighborhoods. Each year, S Londonderry 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 S Londonderry's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05155 zip code has the highest median property tax rate of 2.01%, while the same zip code also has the lowest median tax rate of 2.01%. Understanding how these figures compare with S Londonderry 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 S Londonderry Tax Rate
2.01%
Average Windham County Tax Rate
2.04%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across S Londonderry, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05155 | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across S Londonderry, Vermont
In S Londonderry, 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 S Londonderry, 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 S Londonderry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $300,800, with tax bills ranging significantly; for example, the highest median tax bill is $6,046 in zip code 05155.
Average S Londonderry Assessed Value
$300,800
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 S Londonderry, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05155 | $215,120 | $247,250 | $300,800 | $354,350 | $386,480 |
Source: Ownwell
Property Tax Bills Across S Londonderry, Vermont
In S Londonderry, Windham County, VT, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in S Londonderry, the median home price is $300,800. This, combined with the local tax rate, results in property tax bills that vary significantly. For instance, homeowners at the 25th percentile pay around $4,970 annually, while those at the 75th percentile see bills closer to $7,122. At the 90th percentile, tax bills can reach up to $7,768. These figures highlight the range of property tax burdens within the city, influenced by factors such as home value and local tax rates. Comparatively, the national median property tax rate stands at 0.99%, underscoring the relative tax burden faced by homeowners in S Londonderry. Understanding these factors helps residents anticipate their tax obligations and plan their finances accordingly.
Average S Londonderry Tax Bill
$6,046
Average Windham County Tax Bill
$3,712
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across S Londonderry, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05155 | $4,324 | $4,970 | $6,046 | $7,122 | $7,768 |
Source: Ownwell