Warren, Vermont Property Taxes
The median property tax rate in Warren, VT is 1.72%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Warren, the typical annual property tax bill reaches $4,023, exceeding the national median of $2,690. Property taxes in Warren 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 Warren'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 Warren 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
Warren, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$4,437
Ownwell’s Warren Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Warren with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warren to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and make informed decisions. 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 Warren, Vermont
Property taxes in Warren, Vermont, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Warren is 1.72%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within Warren set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warren 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 Warren's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05674 zip code has both the highest and lowest median property tax rate of 1.72%. Understanding how these cities compare with Warren provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Warren Tax Rate
1.72%
Average Washington County Tax Rate
2.08%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warren, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05674 | 1.40% | 1.63% | 1.72% | 1.72% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Warren, Vermont
In Warren, 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 Washington 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 Warren, 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 Warren helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $4,023 in zip code 05674, which is also the lowest median tax bill.
Average Warren Assessed Value
$257,950
Average Washington County Assessed Value
$205,330
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Warren, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05674 | $75,690 | $124,000 | $257,950 | $356,600 | $561,780 |
Source: Ownwell
Property Tax Bills Across Warren, Vermont
In Warren, VT, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local property tax rate to determine the tax bill. The median home price in Warren is $257,950, and the median property tax rate in Washington County is relatively high compared to the national median of 0.99%. For homeowners in Warren, this means a significant annual property tax bill. Factors such as location, property size, and market conditions influence the assessed value. Homeowners in Warren can expect property tax bills to vary widely, with the 25th percentile at $2,297 and the 75th percentile at $5,987. For those at the 90th percentile, tax bills can reach as high as $9,668. The consistency in median tax bills across different zip codes, such as 05674, highlights the uniformity in tax assessments within the area. This substantial tax burden can impact homeowners' financial planning and housing affordability.
Average Warren Tax Bill
$4,023
Average Washington County Tax Bill
$3,773
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Warren, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05674 | $1,018 | $2,297 | $4,023 | $5,987 | $9,668 |
Source: Ownwell