Saint Johnsbury, Vermont Property Taxes
The median property tax rate in Saint Johnsbury, VT is 3.18%, significantly higher than both the national median of 0.99% and Vermont's state median of 2.11%. With a median home value of $132,800 in Saint Johnsbury, the typical annual property tax bill reaches $3,852, well above the national median of $2,690. Property taxes in Saint Johnsbury are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Johnsbury'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 Saint Johnsbury 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
Saint Johnsbury, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.18%
Estimate Property Tax Bill
$4,223
Ownwell’s Saint Johnsbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Johnsbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Johnsbury 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 Saint Johnsbury, Vermont
Property taxes in Saint Johnsbury, Vermont, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Johnsbury is 3.18%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within Saint Johnsbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Johnsbury 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 Saint Johnsbury's effective property tax rate to other areas in Vermont and the national median. For comparison, the zip code 05819 has both the highest and lowest median property tax rate of 3.18%. Understanding how these areas compare with Saint Johnsbury provides valuable insights into the varying tax landscape across Caledonia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Johnsbury Tax Rate
3.18%
Average Caledonia County Tax Rate
2.48%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Johnsbury, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05819 | 2.13% | 3.18% | 3.18% | 3.18% | 3.18% |
Source: Ownwell
Property Tax Assessment Values Across Saint Johnsbury, Vermont
In Saint Johnsbury, 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 Caledonia 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 Saint Johnsbury, 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 Saint Johnsbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Saint Johnsbury is $132,800, with the 25th percentile tax bill at $2,710 and the 75th percentile tax bill at $5,152. The highest median tax bill in the area is $3,852, found in zip code 05819, which is also where the lowest median tax bill is recorded.
Property Tax Assessment Values Across Saint Johnsbury, Vermont
Source: Ownwell
$63,600
$165,900
$268,200
Average Saint Johnsbury Assessed Value
$132,800
Average Caledonia County Assessed Value
$151,500
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Johnsbury, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05819 | $60,600 | $94,400 | $132,800 | $186,500 | $264,300 |
Source: Ownwell
Property Tax Bills Across Saint Johnsbury, Vermont
In Saint Johnsbury, located in Caledonia County, VT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the town's assessor and reflects the market value of the property. The local tax rate is applied to this assessed value to compute the annual tax bill. For instance, with a median home price of $132,800, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Several factors influence the tax bill, including property characteristics, market conditions, and any applicable exemptions or deductions. Homeowners in Saint Johnsbury face tax bills that range significantly. For example, the 25th percentile tax bill is around $2,710, while the 75th percentile reaches $5,152, and the 90th percentile can be as high as $7,346. These figures illustrate the potential variability in tax obligations, impacting household budgets and financial planning. Compared to the national median property tax rate of 0.99%, Saint Johnsbury's rates can lead to higher annual expenses for homeowners.
Average Saint Johnsbury Tax Bill
$3,852
Average Caledonia County Tax Bill
$3,630
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Johnsbury, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05819 | $1,474 | $2,710 | $3,852 | $5,152 | $7,346 |
Source: Ownwell