Brownington, Vermont Property Taxes
The median property tax rate in Brownington, VT is 2.22%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Brownington, the typical annual property tax bill reaches $504, which is below the national median of $2,690. Property taxes in Brownington 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 Brownington'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 Brownington 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
Brownington, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.22%
Estimate Property Tax Bill
$652
Ownwell’s Brownington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brownington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brownington 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 Brownington, Vermont
Property taxes in Brownington, Vermont, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brownington is 2.22%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within Brownington set these rates annually, and they can vary across different neighborhoods. Each year, Brownington 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 Brownington's effective property tax rate to other areas in Vermont and the national median. For comparison, the 05860 zip code has the highest median property tax rate of 2.22%, while the same zip code also has the lowest median tax rate of 2.22%. Understanding how these areas compare with Brownington 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 Brownington Tax Rate
2.22%
Average Orleans County Tax Rate
2.04%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brownington, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05860 | 0.85% | 2.01% | 2.22% | 2.29% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Brownington, Vermont
In Brownington, 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 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 Brownington, 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. For instance, the highest median tax bill in Brownington is $504.00 in the 05860 zip code, while the lowest median tax bill is also $504.00 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brownington Assessed Value
$29,350
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 Brownington, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05860 | $4,980 | $9,625 | $29,350 | $127,350 | $209,560 |
Source: Ownwell
Property Tax Bills Across Brownington, Vermont
In Brownington, located in Orleans County, VT, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors who evaluate the property’s market value. This assessed value is then multiplied by the local property tax rate to calculate the tax bill. Homeowners in Brownington experience varying tax bills depending on their property’s value. For example, the 25th percentile tax bill is $127, while the 75th percentile tax bill is $2,855, and the 90th percentile tax bill reaches up to $3,933. These figures show a significant range, indicating a diverse property value landscape within the city. Compared to the national median property tax rate of 0.99%, Brownington’s tax rates can impact homeowners differently based on their property’s assessed value. This system ensures that property taxes are proportionate to the value of the home, affecting homeowners' financial planning and budgeting.
Average Brownington Tax Bill
$504
Average Orleans County Tax Bill
$3,124
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Brownington, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05860 | $88 | $127 | $504 | $2,855 | $3,933 |
Source: Ownwell