Williamsville, Vermont Property Taxes
The median property tax rate in Williamsville, VT is 2.26%, significantly higher than both the national median of 0.99% and Vermont's state median of 2.11%. With the median home value in Williamsville at $179,650, the typical annual property tax bill reaches $4,069, far exceeding the national median of $2,690. Property taxes in Williamsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Williamsville'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 Williamsville 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
Williamsville, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.26%
Estimate Property Tax Bill
$4,060
Ownwell’s Williamsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Williamsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Williamsville 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 Williamsville, Vermont
Property taxes in Williamsville, Vermont, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Williamsville is 2.26%, significantly higher than the U.S. national median of 0.99%. Local government entities within Williamsville set these rates annually, and they can vary across different neighborhoods. Each year, Williamsville 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 Williamsville's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05362 zip code has the highest median property tax rate of 2.26%, while the same zip code also has the lowest median tax rate of 2.26%. Understanding how these cities compare with Williamsville 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 Williamsville Tax Rate
2.26%
Average Windham County Tax Rate
2.04%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Williamsville, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05362 | 2.26% | 2.26% | 2.26% | 2.27% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across Williamsville, Vermont
In Williamsville, 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 Williamsville, 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 Williamsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $4,069 in the 05362 zip code, which also has the lowest median tax bill at the same value.
Average Williamsville Assessed Value
$179,650
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 Williamsville, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05362 | $84,800 | $119,525 | $179,650 | $234,500 | $340,240 |
Source: Ownwell
Property Tax Bills Across Williamsville, Vermont
In Williamsville, VT, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The tax rate, also known as the mill rate, is applied to this assessed value. For instance, if your home is assessed at the median home price of $179,650, the tax bill is influenced by this value and the local tax rate. Factors such as property improvements, neighborhood changes, and market conditions can affect the assessed value, and consequently, your tax bill. Homeowners in Williamsville can expect varying tax bills based on their property's assessed value. The 25th percentile tax bill is around $2,707, while the 75th percentile reaches $5,312. For those at the 90th percentile, tax bills can soar to $7,707. These figures are significant when compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly, ensuring they are prepared for their annual tax bills.
Average Williamsville Tax Bill
$4,069
Average Windham County Tax Bill
$3,712
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Williamsville, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05362 | $1,921 | $2,707 | $4,069 | $5,312 | $7,707 |
Source: Ownwell