Ludlow, Vermont Property Taxes
The median property tax rate in Ludlow, VT is 1.87%, significantly higher than the national median of 0.99% but lower than the Vermont state median of 2.11%. With a median home value of $329,550 in Ludlow, the typical annual property tax bill reaches $6,182, far exceeding the national median of $2,690. Property taxes in Ludlow are calculated based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Understanding Ludlow'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 Ludlow or another part of Windsor County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ludlow, 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 Ludlow Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ludlow with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ludlow 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 Ludlow, Vermont
Property taxes in Ludlow, Vermont, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ludlow is 1.87%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within Ludlow set these rates annually, and they can vary across different neighborhoods. Each year, Ludlow 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 Ludlow's effective property tax rate to other areas in Windsor County and the national median. For comparison, the highest median property tax rate in Windsor County is also 1.87%, found in the 05149 zip code, while the lowest median tax rate is likewise 1.87% in the same zip code. Understanding how these figures compare with Ludlow 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 Ludlow Tax Rate
1.87%
Average Windsor County Tax Rate
2.21%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ludlow, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05149 | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Ludlow, Vermont
In Ludlow, 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 Ludlow, 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 Ludlow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Ludlow is $6,182, and the lowest median tax bill is also $6,182, both in the 05149 zip code.
Average Ludlow Assessed Value
$329,550
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 Ludlow, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05149 | $131,460 | $204,000 | $329,550 | $488,425 | $703,220 |
Source: Ownwell
Property Tax Bills Across Ludlow, Vermont
Property tax bills in Ludlow, located in Windsor County, VT, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the town's assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Ludlow, the median home price is $329,550, which provides a reference point for understanding typical tax bills in the area. Several factors influence the tax bill, including property size, location, and any improvements or renovations made. For homeowners, this means that changes to their property's value can directly impact their annual tax obligations. The 25th percentile of tax bills in Ludlow is $3,861, while the 75th percentile reaches $9,150, and the 90th percentile is as high as $13,139. Compared to the national median property tax rate of 0.99%, Ludlow's tax bills reflect the local economic and property market conditions, significantly affecting homeowners' financial planning and budgeting.
Average Ludlow Tax Bill
$6,182
Average Windsor County Tax Bill
$4,455
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Ludlow, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05149 | $2,465 | $3,861 | $6,182 | $9,150 | $13,139 |
Source: Ownwell