Londonderry, Vermont Property Taxes
The median property tax rate in Londonderry, VT is 2.19%, significantly higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Londonderry at $548,070, the typical annual property tax bill reaches $11,997, far exceeding the national median of $2,690. Property taxes in Londonderry 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 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 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
Londonderry, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.19%
Estimate Property Tax Bill
$12,003
Ownwell’s Londonderry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Londonderry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in 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 Londonderry, Vermont
Property taxes in 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 Londonderry is 1.86%, higher than both the Vermont state median of 1.86% and the U.S. national median of 0.99%. Local government entities within Londonderry set these rates annually, and they can vary significantly across different neighborhoods. Each year, 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 Londonderry's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05148 zip code has the highest median property tax rate of 2.19%, while the same 05148 zip code also has the lowest median tax rate of 2.19%. Understanding how these cities compare with Londonderry provides valuable insights into the varying tax landscape across Windsor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Londonderry Tax Rate
2.19%
Average Windsor County Tax Rate
2.21%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Londonderry, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05148 | 2.19% | 2.19% | 2.19% | 2.19% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Londonderry, Vermont
In 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 Windsor 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 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. Londonderry's median home price stands at $548,070, with the highest and lowest median tax bills being identical at $11,997 in the 05148 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 Londonderry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Londonderry Assessed Value
$548,070
Average Windsor County Assessed Value
$205,000
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Londonderry, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05148 | $548,070 | $548,070 | $548,070 | $548,070 | $548,070 |
Source: Ownwell
Property Tax Bills Across Londonderry, Vermont
In Londonderry, Windsor 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 property tax rate to calculate the annual tax bill. Factors such as changes in market conditions, property improvements, and neighborhood developments can influence the assessed value. For homeowners in Londonderry, the median home price stands at $548,070. Given the local property tax dynamics, the median tax bill is notably high at $11,997, which is significantly above the national median property tax rate of 0.99%. This high tax bill can impact homeowners by increasing their annual financial obligations, potentially affecting their budgeting and long-term financial planning. Understanding these factors is crucial for homeowners to anticipate and manage their property tax expenses effectively.
Average Londonderry Tax Bill
$11,997
Average Windsor County Tax Bill
$4,455
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Londonderry, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05148 | $11,997 | $11,997 | $11,997 | $11,997 | $11,997 |
Source: Ownwell