Brattleboro, Vermont Property Taxes
The median property tax rate in Brattleboro, VT is 0.74%, which is lower than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Brattleboro at $184,250, the typical annual property tax bill amounts to $1,451, significantly below the national median of $2,690. Property taxes in Brattleboro are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence exemption. Understanding Brattleboro's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Brattleboro 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
Brattleboro, Vermont Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.11%
Estimate Property Tax Bill
$4,220
Ownwell’s Brattleboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brattleboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brattleboro 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 Brattleboro, Vermont
Property taxes in Brattleboro, Vermont, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brattleboro is 0.74%, lower than the U.S. national median of 0.99%. Local government entities within Brattleboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brattleboro 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 Brattleboro's effective property tax rate to other regions and the national median. For comparison, the 05301 zip code has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Brattleboro provides valuable insights into the varying tax landscape across Windham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brattleboro Tax Rate
0.74%
Average Windham County Tax Rate
2.04%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brattleboro, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05301 | 0.29% | 0.62% | 0.74% | 2.04% | 2.91% |
Source: Ownwell
Property Tax Assessment Values Across Brattleboro, Vermont
In Brattleboro, 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 Windham 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 Brattleboro, 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 Brattleboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Brattleboro are both $1,451, found in zip code 05301.
Average Brattleboro Assessed Value
$184,250
Average Windham County Assessed Value
$195,000
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brattleboro, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05301 | $68,449 | $137,280 | $184,250 | $243,375 | $343,418 |
Source: Ownwell
Property Tax Bills Across Brattleboro, Vermont
In Brattleboro, property tax bills are calculated based on the assessed value of a home. The local tax assessor determines this value, which is then multiplied by the town's property tax rate to calculate the tax bill. Several factors influence the assessed value, including the home's size, age, location, and condition, as well as recent sales of comparable properties in the area. The median home price in Brattleboro stands at $184,250, and the property tax rate in Windham County is in line with the state average. Homeowners in Brattleboro can expect their tax bills to vary significantly, with the 25th percentile paying around $901 and the 75th percentile facing bills up to $3,286. At the 90th percentile, tax bills can reach as high as $5,985. The highest and lowest median tax bills in the area both stand at $1,451, highlighting some consistency in the median range. These tax bills have a direct impact on homeowners, influencing their overall cost of living and potentially affecting decisions related to buying, selling, or maintaining property.
Average Brattleboro Tax Bill
$1,451
Average Windham County Tax Bill
$3,712
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Brattleboro, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05301 | $275 | $901 | $1,451 | $3,286 | $5,985 |
Source: Ownwell