E Dummerston, Vermont Property Taxes
The median property tax rate in E Dummerston, VT is 1.76%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in E Dummerston at $189,000, the typical annual property tax bill reaches $3,330, exceeding the national median of $2,690. Property taxes in E Dummerston 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 E Dummerston'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 E Dummerston 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
E Dummerston, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.76%
Estimate Property Tax Bill
$3,326
Ownwell’s E Dummerston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in E Dummerston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in E Dummerston 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 E Dummerston, Vermont
Property taxes in E Dummerston, Vermont, are essential for funding critical local services including public schools, road maintenance, and emergency services. The median tax rate in E Dummerston is 1.76%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within E Dummerston set these rates annually, and they can vary significantly across different neighborhoods. Each year, E Dummerston 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 E Dummerston's effective property tax rate to other areas in Vermont and the national median. For comparison, the 05346 zip code has the highest median property tax rate of 1.76%, while the same zip code also has the lowest median tax rate of 1.76%. Understanding how these areas compare with E Dummerston 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 E Dummerston Tax Rate
1.76%
Average Windham County Tax Rate
2.04%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across E Dummerston, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05346 | 1.76% | 1.76% | 1.76% | 1.76% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across E Dummerston, Vermont
In E Dummerston, 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 E Dummerston, 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 E Dummerston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 05346 has both the highest and lowest median tax bill at $3,330, illustrating the uniformity in tax assessments within this region.
Average E Dummerston Assessed Value
$189,000
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 E Dummerston, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05346 | $157,250 | $172,325 | $189,000 | $206,900 | $224,180 |
Source: Ownwell
Property Tax Bills Across E Dummerston, Vermont
In E Dummerston, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Windham County. The assessed value is determined by local assessors who evaluate the property's market value, taking into account factors such as location, size, and condition. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. For example, with a median home price of $189,000 in E Dummerston, homeowners can expect varying tax bills depending on their property's specific assessment. The 25th percentile tax bill stands at $3,036, while the 75th percentile reaches $3,645, and the 90th percentile hits $3,950. These figures indicate that property taxes in E Dummerston can significantly impact homeowners' finances, especially when compared to the national median property tax rate of 0.99%. Understanding how these factors contribute to the overall tax bill can help homeowners better plan and budget for their annual expenses.
Average E Dummerston Tax Bill
$3,330
Average Windham County Tax Bill
$3,712
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across E Dummerston, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05346 | $2,771 | $3,036 | $3,330 | $3,645 | $3,950 |
Source: Ownwell