Whitingham, Vermont Property Taxes
The median property tax rate in Whitingham, VT is 2.09%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Whitingham, the typical annual property tax bill reaches $5,011, exceeding the national median of $2,690. Property taxes in Whitingham 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 Whitingham'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 Whitingham 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
Whitingham, 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 Whitingham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitingham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitingham 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 Whitingham, Vermont
Property taxes in Whitingham, Vermont, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whitingham is 2.09%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within Whitingham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitingham 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 Whitingham's effective property tax rate to other counties in Vermont and the national median. For comparison, the zip code 05361 has the highest median property tax rate of 2.09%, while the same zip code also has the lowest median tax rate of 2.09%. Understanding how these cities compare with Whitingham 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 Whitingham Tax Rate
2.09%
Average Windham County Tax Rate
2.04%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitingham, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05361 | 0.82% | 2.04% | 2.09% | 2.64% | 3.09% |
Source: Ownwell
Property Tax Assessment Values Across Whitingham, Vermont
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Whitingham, Vermont. 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 Whitingham, 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 Whitingham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Whitingham is $5,011, found in the 05361 zip code.
Average Whitingham Assessed Value
$185,900
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 Whitingham, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05361 | $67,360 | $122,600 | $185,900 | $259,900 | $360,060 |
Source: Ownwell
Property Tax Bills Across Whitingham, Vermont
Property tax bills in Whitingham, located in Windham County, VT, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the town's assessor, who evaluates the property's market value. For instance, the median home price in Whitingham is $185,900. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the property tax bill, including the property's location, size, and condition. Homeowners in Whitingham may see a significant range in their tax bills. For example, the 25th percentile tax bill is around $1,826, while the 75th percentile tax bill can reach up to $5,310, and the 90th percentile tax bill can be as high as $7,756. This variability can affect homeowners differently, depending on their property's assessed value and the local tax rate, which is relatively higher than the national median property tax rate of 0.99%.
Average Whitingham Tax Bill
$5,011
Average Windham County Tax Bill
$3,712
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitingham, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05361 | $730 | $1,826 | $5,011 | $5,310 | $7,756 |
Source: Ownwell