West Dover, Vermont Property Taxes
The median property tax rate in West Dover, VT is 1.95%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in West Dover, the typical annual property tax bill reaches $3,613, exceeding the national median of $2,690. Property taxes in West Dover 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 West Dover'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 West Dover 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
West Dover, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.95%
Estimate Property Tax Bill
$4,483
Ownwell’s West Dover Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Dover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Dover 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 West Dover, Vermont
Property taxes in West Dover, Vermont, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in West Dover stands at 1.95%, significantly higher than the U.S. national median of 0.99%. Local government entities within West Dover set these rates annually, and they can vary across different neighborhoods. Each year, West Dover 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 West Dover's effective property tax rate to other counties in Vermont and the national median. For comparison, the zip code 05356 has the highest median property tax rate of 1.95%, while the same zip code also has the lowest median tax rate of 1.95%. Understanding how these cities compare with West Dover 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 West Dover Tax Rate
1.95%
Average Windham County Tax Rate
2.04%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Dover, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05356 | 0.75% | 0.75% | 1.95% | 1.95% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across West Dover, Vermont
In West Dover, 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 West Dover, 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. The median home price in West Dover is $229,900, with tax bills ranging from $2,051 at the 25th percentile to $7,617 at the 90th percentile. Notably, the highest and lowest median tax bills are both $3,613 in the 05356 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average West Dover Assessed Value
$229,900
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 West Dover, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05356 | $136,518 | $185,000 | $229,900 | $349,185 | $500,000 |
Source: Ownwell
Property Tax Bills Across West Dover, Vermont
In West Dover, located in Windham County, VT, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. The assessed value is determined by the local assessor's office and reflects the estimated market value of the property. Homeowners in West Dover face varying tax bills, influenced by factors such as property size, location, and market conditions. The median home price in West Dover is $229,900. For homeowners, this translates to a range of tax bills. At the 25th percentile, tax bills are around $2,051, while at the 75th percentile, they can reach up to $5,608. Those in the 90th percentile may see tax bills as high as $7,617. The highest and lowest median tax bills in the area both stand at $3,613, indicating some consistency in tax assessments within the 05356 zip code. These property taxes significantly impact homeowners' annual expenses, making it crucial to understand the factors that influence their tax bills.
Average West Dover Tax Bill
$3,613
Average Windham County Tax Bill
$3,712
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across West Dover, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05356 | $1,262 | $2,051 | $3,613 | $5,608 | $7,617 |
Source: Ownwell