Ascutney, Vermont Property Taxes
The median property tax rate in Ascutney, VT is 0.22%, significantly lower than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Ascutney at $211,900, the typical annual property tax bill is $461, well below the national median of $2,690. Property taxes in Ascutney are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ascutney'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 Ascutney or another part of Windsor County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ascutney, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.22%
Estimate Property Tax Bill
$466
Ownwell’s Ascutney Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ascutney with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ascutney 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 Ascutney, Vermont
Property taxes in Ascutney, Vermont, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ascutney is 0.22%, significantly lower than both the Vermont state median of 1.86% and the U.S. national median of 0.99%. Local government entities within Ascutney set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ascutney 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 Ascutney's effective property tax rate to other counties in Vermont and the national median. For comparison, Windsor County has the highest median property tax rate of 1.86%, while the lowest median tax rate within Vermont is found in other counties. Understanding how these cities compare with Ascutney provides valuable insights into the varying tax landscape across Windsor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ascutney Tax Rate
0.22%
Average Windsor County Tax Rate
2.21%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ascutney, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05030 | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% |
Source: Ownwell
Property Tax Assessment Values Across Ascutney, Vermont
In Ascutney, 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 Windsor 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 Ascutney, 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 Ascutney helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $461, found in the 05030 zip code.
Average Ascutney Assessed Value
$211,900
Average Windsor County Assessed Value
$205,000
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ascutney, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05030 | $211,900 | $211,900 | $211,900 | $211,900 | $211,900 |
Source: Ownwell
Property Tax Bills Across Ascutney, Vermont
In Ascutney, Windsor County, VT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Ascutney is $211,900. To determine the tax bill, the assessed value of the property is multiplied by the local tax rate. For example, if the local tax rate is 0.99%, which is the national median, a home assessed at the median price would have an annual tax bill of approximately $2,097. However, in Ascutney, the median tax bill is notably lower at $461, reflecting a more favorable tax rate for homeowners in this area. Several factors influence property tax bills, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. Lower property tax bills can significantly benefit homeowners by reducing their annual expenses, making homeownership more affordable. In Ascutney, with a consistent median tax bill of $461 across various percentiles, homeowners can expect predictable and manageable property tax expenses.
Average Ascutney Tax Bill
$461
Average Windsor County Tax Bill
$4,455
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Ascutney, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05030 | $461 | $461 | $461 | $461 | $461 |
Source: Ownwell