Weathersfield, Vermont Property Taxes
The median property tax rate in Weathersfield, VT is 0.60%, considerably lower than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Weathersfield at $150,600, the typical annual property tax bill reaches $972, well below the national median of $2,690. Property taxes in Weathersfield 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 Weathersfield'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 Weathersfield 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
Weathersfield, 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 Weathersfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weathersfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weathersfield 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 Weathersfield, Vermont
Property taxes in Weathersfield, Vermont, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weathersfield is 0.60%, lower than the U.S. national median of 0.99%. Local government entities within Weathersfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weathersfield 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 Weathersfield's effective property tax rate to other areas in Vermont and the national median. For comparison, the 05151 zip code has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these areas compare with Weathersfield 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 Weathersfield Tax Rate
0.60%
Average Windsor County Tax Rate
2.21%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weathersfield, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05151 | 0.18% | 0.29% | 0.60% | 2.68% | 2.68% |
Source: Ownwell
Property Tax Assessment Values Across Weathersfield, Vermont
In Weathersfield, 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 Weathersfield, 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 here is $150,600, with tax bills ranging from $496 at the 25th percentile to $3,754 at the 90th percentile. The highest and lowest median tax bills are both $972, found in the 05151 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 Weathersfield Assessed Value
$150,600
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 Weathersfield, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05151 | $55,300 | $89,800 | $150,600 | $181,200 | $238,600 |
Source: Ownwell
Property Tax Bills Across Weathersfield, Vermont
In Weathersfield, Windsor County, VT, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Weathersfield is $150,600. To determine the tax bill, the assessed value is multiplied by the local tax rate. Various factors, such as property size, location, and condition, influence the assessed value. Homeowners in Weathersfield experience a range of tax bills. For example, the tax bill at the 25th percentile is $496, while at the 75th percentile, it is $1,574. The 90th percentile tax bill can reach up to $3,754. The highest and lowest median tax bills in the area are both $972, indicating a consistent rate across the zip code 05151. These property taxes fund essential local services, including schools, road maintenance, and emergency services, directly impacting the community's quality of life. Homeowners should be aware of how their property's assessed value and the local tax rate contribute to their annual tax obligations.
Average Weathersfield Tax Bill
$972
Average Windsor County Tax Bill
$4,455
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Weathersfield, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05151 | $328 | $496 | $972 | $1,574 | $3,754 |
Source: Ownwell