West Townshend, Vermont Property Taxes
The median property tax rate in West Townshend, VT is 2.08%, 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 Townshend, the typical annual property tax bill reaches $3,637, exceeding the national median of $2,690. Property taxes in West Townshend 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 Townshend'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 Townshend 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 Townshend, 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 West Townshend Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Townshend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Townshend 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 Townshend, Vermont
Property taxes in West Townshend, Vermont, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in West Townshend is 2.08%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within West Townshend set these rates annually, and they can vary across different neighborhoods. Each year, West Townshend 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 Townshend's effective property tax rate to other areas in Vermont and the national median. For comparison, the 05359 ZIP code has the highest median property tax rate of 2.08%, while the same ZIP code also has the lowest median tax rate of 2.08%. Understanding how these areas compare with West Townshend 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 Townshend Tax Rate
2.08%
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 Townshend, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05359 | 2.08% | 2.08% | 2.08% | 2.08% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across West Townshend, Vermont
In West Townshend, 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 Townshend, 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 West Townshend helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Windham County, the median home price is $180,000. The highest and lowest median tax bills in West Townshend are both $3,637, found in zip code 05359. The 25th percentile tax bill is $2,700, the 75th percentile is $4,796, and the 90th percentile is $6,186.
Property Tax Assessment Values Across West Townshend, Vermont
Source: Ownwell
$126,350
$222,725
$319,100
Average West Townshend Assessed Value
$180,000
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 West Townshend, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05359 | $75,000 | $127,800 | $180,000 | $260,000 | $355,000 |
Source: Ownwell
Property Tax Bills Across West Townshend, Vermont
In West Townshend, Windham County, VT, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the town's assessor, who evaluates the property based on factors such as size, location, and market conditions. This value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in West Townshend typically see a range of tax bills. For instance, the 25th percentile tax bill is around $2,700, while the 75th percentile tax bill reaches approximately $4,796. At the higher end, the 90th percentile tax bill can be as much as $6,186. The median home price in the area is $180,000, which helps contextualize these tax figures. Compared to the national median property tax rate of 0.99%, West Townshend's tax rate can significantly impact homeowners, making it crucial for residents to understand how their property taxes are calculated and what factors influence their tax bills.
Average West Townshend Tax Bill
$3,637
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 Townshend, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05359 | $1,699 | $2,700 | $3,637 | $4,796 | $6,186 |
Source: Ownwell