South Londonderry, Vermont Property Taxes
The median property tax rate in South 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 South Londonderry, the typical annual property tax bill reaches $5,653, exceeding the national median of $2,690. Property taxes in South 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 South 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 South 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
South Londonderry, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$5,807
Ownwell’s South Londonderry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Londonderry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South 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 South Londonderry, Vermont
Property taxes in South Londonderry, Vermont, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Londonderry is 1.86%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within South Londonderry set these rates annually, and they can vary significantly across different neighborhoods. Each year, South 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 South Londonderry's effective property tax rate to other counties in Vermont and the national median. For comparison, the ZIP code 05155 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 cities compare with South 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 South 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 South Londonderry, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05155 | 1.80% | 2.01% | 2.01% | 2.01% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across South Londonderry, Vermont
In SOUTH 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. Assessment notices in SOUTH LONDONDERRY 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 SOUTH LONDONDERRY helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 05155, with a median tax bill of $5,653.
Property Tax Assessment Values Across South Londonderry, Vermont
Source: Ownwell
$126,350
$222,725
$319,100
Average South Londonderry Assessed Value
$288,900
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 South Londonderry, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05155 | $120,780 | $172,700 | $288,900 | $432,200 | $617,840 |
Source: Ownwell
Property Tax Bills Across South Londonderry, Vermont
Property tax bills in South Londonderry, Windham County, Vermont, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor and reflects the market value of the property. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the final tax bill, including property location, size, and any applicable exemptions or deductions. Homeowners in South Londonderry experience a range of tax bills, with the 25th percentile paying around $3,476 annually, while those in the 75th percentile pay approximately $8,124. The 90th percentile sees tax bills as high as $11,578. Compared to the national median property tax rate of 0.99%, South Londonderry's tax rates can significantly impact homeowners, especially those with higher-valued properties. Understanding these factors helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average South Londonderry Tax Bill
$5,653
Average Windham County Tax Bill
$3,712
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across South Londonderry, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05155 | $2,514 | $3,476 | $5,653 | $8,124 | $11,578 |
Source: Ownwell