Bethel, Vermont Property Taxes
The median property tax rate in Bethel, VT, is 2.62%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Bethel at $187,100, the typical annual property tax bill reaches $5,329, exceeding the national median of $2,690. Property taxes in Bethel 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 Bethel'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 Bethel 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
Bethel, 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 Bethel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bethel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bethel 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 Bethel, Vermont
Property taxes in Bethel, Vermont, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bethel is 1.84%, higher than both the Vermont state median of 1.86% and the U.S. national median of 0.99%. Local government entities within Bethel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bethel 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 Bethel's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05032 zip code has the highest median property tax rate of 1.84%, while the same zip code has the lowest median tax rate of 1.84%. Understanding how these cities compare with Bethel 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 Bethel Tax Rate
2.62%
Average Windsor County Tax Rate
2.21%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bethel, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05032 | 2.15% | 2.43% | 2.62% | 2.62% | 4.16% |
Source: Ownwell
Property Tax Assessment Values Across Bethel, Vermont
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bethel, 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 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 Bethel, 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 Bethel is $187,100, with tax bills ranging from $3,428 at the 25th percentile to $10,991 at the 90th percentile. The highest median tax bill of $5,329 is found in the 05032 zip code, which also has the lowest median tax bill at the same amount. 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 Bethel Assessed Value
$187,100
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 Bethel, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05032 | $70,810 | $122,525 | $187,100 | $264,375 | $358,630 |
Source: Ownwell
Property Tax Bills Across Bethel, Vermont
In Bethel, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. This process considers factors such as property size, location, and market conditions. For homeowners in Windsor County, where Bethel is located, the median home price stands at $187,100. Property tax bills in Bethel can vary significantly. Homeowners at the 25th percentile can expect to pay around $3,428 annually, while those at the 75th percentile may see bills as high as $7,566. At the 90th percentile, tax bills can reach up to $10,991. These figures highlight the range of property tax burdens that residents may face. Compared to the national median property tax rate of 0.99%, Bethel's property tax rates can result in higher annual costs for homeowners, particularly for those with homes assessed at higher values. This can significantly impact household budgets and the overall cost of homeownership in the area.
Average Bethel Tax Bill
$5,329
Average Windsor County Tax Bill
$4,455
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Bethel, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05032 | $2,018 | $3,428 | $5,329 | $7,566 | $10,991 |
Source: Ownwell