West Marlboro, Vermont Property Taxes
The median property tax rate in West Marlboro, VT is 2.04%, significantly higher than both the national median of 0.99% and the Vermont state median of 2.11%. With a median home value of $211,500 in West Marlboro, the typical annual property tax bill reaches $4,321, far exceeding the national median of $2,690. Property taxes in West Marlboro are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding West Marlboro'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 West Marlboro 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
West Marlboro, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.04%
Estimate Property Tax Bill
$4,315
Ownwell’s West Marlboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Marlboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Marlboro 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 West Marlboro, Vermont
Property taxes in West Marlboro, Vermont, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Marlboro is 1.86%, significantly higher than the U.S. national median of 0.99%. Local government entities within West Marlboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Marlboro 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 West Marlboro's effective property tax rate to other areas in Windham County and the national median. For comparison, the 05363 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 areas compare with West Marlboro 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 West Marlboro Tax Rate
2.04%
Average Windham County Tax Rate
2.04%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Marlboro, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05363 | 2.01% | 2.04% | 2.04% | 2.04% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across West Marlboro, Vermont
In West Marlboro, 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 West Marlboro, 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. For instance, the highest median tax bill in the area is $4,321 in the 05363 zip code, while the lowest median tax bill is also $4,321 in the same zip code. 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 West Marlboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average West Marlboro Assessed Value
$211,500
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 West Marlboro, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05363 | $86,800 | $139,150 | $211,500 | $297,100 | $348,500 |
Source: Ownwell
Property Tax Bills Across West Marlboro, Vermont
In West Marlboro, VT, property tax bills are determined by multiplying the assessed value of the home by the local tax rate. The assessed value is based on the market value of the property, which can fluctuate due to changes in the real estate market. For instance, with a median home price of $211,500, homeowners can expect varying tax bills. Factors such as property improvements, neighborhood developments, and overall market trends play a significant role in determining the assessed value. Consequently, the tax bill can range widely. For example, the 25th percentile tax bill is $2,842, while the 75th percentile tax bill is $6,070, and the 90th percentile reaches up to $6,990. Compared to the national median property tax rate of 0.99%, West Marlboro's tax rates can significantly impact homeowners, making it crucial for them to stay informed and possibly seek exemptions or appeals to manage their financial obligations effectively.
Average West Marlboro Tax Bill
$4,321
Average Windham County Tax Bill
$3,712
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across West Marlboro, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05363 | $1,774 | $2,842 | $4,321 | $6,070 | $6,990 |
Source: Ownwell