St Johnsbury, Vermont Property Taxes
The median property tax rate in St. Johnsbury, VT is 3.18%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in St. Johnsbury at $114,150, the typical annual property tax bill reaches $3,631, exceeding the national median of $2,690. Property taxes in St. Johnsbury are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding St. 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 St. 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
St Johnsbury, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.18%
Estimate Property Tax Bill
$3,630
Ownwell’s ST JOHNSBURY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ST JOHNSBURY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ST 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 St Johnsbury, Vermont
Property taxes in ST JOHNSBURY, Vermont, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ST 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 ST JOHNSBURY set these rates annually, and they can vary significantly across different neighborhoods. Each year, ST 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 ST JOHNSBURY's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05819 zip code has the highest median property tax rate of 3.18%, while the same zip code also has the lowest median tax rate of 3.18%. Understanding how these cities compare with ST 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 St 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 St Johnsbury, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05819 | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% |
Source: Ownwell
Property Tax Assessment Values Across St Johnsbury, Vermont
In St 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 local 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 St 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. Notably, the median home price in St Johnsbury is $114,150. For those in the 25th percentile, the annual tax bill is around $2,063, while those in the 75th percentile can expect to pay approximately $5,928. The highest and lowest median tax bills are both $3,631, found in zip code 05819. By understanding these valuation processes, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average St Johnsbury Assessed Value
$114,150
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 St Johnsbury, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05819 | $39,600 | $64,850 | $114,150 | $186,350 | $239,950 |
Source: Ownwell
Property Tax Bills Across St Johnsbury, Vermont
In St. Johnsbury, 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, who evaluates the property's market value. This value is then multiplied by the local tax rate to calculate the annual tax bill. Several factors influence the assessed value, such as the property's location, size, and condition. Homeowners in St. Johnsbury face a range of property tax bills, with the 25th percentile at $2,063 and the 75th percentile at $5,928. The median home price in the area is $114,150, which helps determine the tax obligations. The property tax rate in St. Johnsbury can significantly impact homeowners, with some paying as much as $7,632 at the 90th percentile. Compared to the national median property tax rate of 0.99%, St. Johnsbury's rates can be higher, affecting the overall affordability and financial planning for residents.
Average St Johnsbury Tax Bill
$3,631
Average Caledonia County Tax Bill
$3,630
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across St Johnsbury, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05819 | $1,260 | $2,063 | $3,631 | $5,928 | $7,632 |
Source: Ownwell