Beebe Plain, Vermont Property Taxes
The median property tax rate in Beebe Plain, VT is 1.67%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Beebe Plain, the typical annual property tax bill reaches $1,485, which is below the national median of $2,690. Property taxes in Beebe Plain 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 Beebe Plain'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 Beebe Plain or another part of Orleans County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Beebe Plain, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$1,488
Ownwell’s Beebe Plain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beebe Plain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beebe Plain 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 Beebe Plain, Vermont
Property taxes in Beebe Plain, Vermont, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beebe Plain is 1.67%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within Beebe Plain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beebe Plain 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 Beebe Plain's effective property tax rate to other areas in Vermont and the national median. For comparison, the 05823 zip code has the highest median property tax rate of 1.67%, while the same zip code also has the lowest median tax rate of 1.67%. Understanding how these areas compare with Beebe Plain provides valuable insights into the varying tax landscape across Orleans County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beebe Plain Tax Rate
1.67%
Average Orleans County Tax Rate
2.04%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beebe Plain, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05823 | 1.67% | 1.67% | 1.67% | 1.67% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Beebe Plain, Vermont
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Beebe Plain, Vermont. The market value represents 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 Orleans 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 Beebe Plain, 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. For instance, the median home price is $89,100, with property tax bills ranging from $1,485 at the 25th percentile to $1,485 at the 90th percentile. The zip code 05823 has both the highest and lowest median tax bills at $1,485. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Beebe Plain Assessed Value
$89,100
Average Orleans County Assessed Value
$150,000
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beebe Plain, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05823 | $89,100 | $89,100 | $89,100 | $89,100 | $89,100 |
Source: Ownwell
Property Tax Bills Across Beebe Plain, Vermont
In Beebe Plain, located in Orleans County, VT, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Beebe Plain is $89,100. Property taxes are then calculated by applying the local tax rate to this assessed value. Homeowners in Beebe Plain experience a consistent tax bill across various percentiles, with the 25th, 75th, and 90th percentiles all having a tax bill of $1,485. This amount is notably higher than the national median property tax rate of 0.99%. Several factors contribute to the tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions or deductions. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and long-term financial planning. Understanding these factors can help homeowners better anticipate their tax obligations and manage their finances accordingly.
Average Beebe Plain Tax Bill
$1,485
Average Orleans County Tax Bill
$3,124
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Beebe Plain, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05823 | $1,485 | $1,485 | $1,485 | $1,485 | $1,485 |
Source: Ownwell