Saxtons River, Vermont Property Taxes
The median property tax rate in Saxtons River, VT is 2.73%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Saxtons River, the typical annual property tax bill reaches $3,902, exceeding the national median of $2,690. Property taxes in Saxtons River 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 Saxtons River'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 Saxtons River or another part of Windham County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saxtons River, 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 Saxtons River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saxtons River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saxtons River 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 Saxtons River, Vermont
Property taxes in Saxtons River, Vermont, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Saxtons River is 1.86%, significantly higher than both the Vermont state median of 1.86% and the U.S. national median of 0.99%. Local government entities within Saxtons River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saxtons River estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all assessed 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 Saxtons River's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05154 zip code has the highest median property tax rate of 1.86%, while the same zip code also has the lowest median tax rate of 1.86%. Understanding how these cities compare with Saxtons River 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 Saxtons River Tax Rate
2.73%
Average Windham County Tax Rate
2.04%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saxtons River, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05154 | 2.73% | 2.73% | 2.73% | 2.73% | 2.93% |
Source: Ownwell
Property Tax Assessment Values Across Saxtons River, Vermont
In Saxtons River, 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 Saxtons River, 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 Saxtons River helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3902, found in the 05154 zip code.
Average Saxtons River Assessed Value
$138,450
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 Saxtons River, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05154 | $72,610 | $112,175 | $138,450 | $192,375 | $277,230 |
Source: Ownwell
Property Tax Bills Across Saxtons River, Vermont
Property tax bills in Saxtons River, located in Windham County, VT, are determined based on the assessed value of a property and the local tax rate. The assessed value is an estimate of the property's market value as determined by a local assessor. This value is then multiplied by the tax rate set by local government authorities to calculate the annual property tax bill. Several factors influence the assessed value, including the size, location, and condition of the property, as well as recent sales of similar properties in the area. For homeowners in Saxtons River, property tax bills can vary significantly. For instance, the 25th percentile tax bill is around $3,057, while the 75th percentile tax bill is approximately $5,404. At the higher end, the 90th percentile tax bill reaches up to $7,580. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure. Homeowners must budget accordingly to accommodate these annual expenses, which can significantly impact their overall cost of living.
Average Saxtons River Tax Bill
$3,902
Average Windham County Tax Bill
$3,712
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Saxtons River, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05154 | $1,859 | $3,057 | $3,902 | $5,404 | $7,580 |
Source: Ownwell