Wilder, Vermont Property Taxes
The median property tax rate in Wilder, VT is 2.76%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Wilder, the typical annual property tax bill reaches $4,862, exceeding the national median of $2,690. Property taxes in Wilder 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 Wilder'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 Wilder 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
Wilder, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.76%
Estimate Property Tax Bill
$5,153
Ownwell’s Wilder Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Wilder with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wilder 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 Windsor County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Wilder, Vermont
Property taxes in Wilder, Vermont, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wilder is 2.76%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within Wilder set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilder 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 Wilder's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05088 zip code has the highest median property tax rate of 2.76%, while the same zip code also has the lowest median tax rate of 2.76%. Understanding how these areas compare with Wilder 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 Wilder Tax Rate
2.76%
Average Windsor County Tax Rate
2.21%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wilder, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05088 | 2.47% | 2.76% | 2.76% | 2.76% | 2.76% |
Source: Ownwell
Property Tax Assessment Values Across Wilder, Vermont
In Wilder, 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 Wilder, 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. For instance, the median home price in Wilder is $186,700, with tax bills ranging from $3,955 at the 25th percentile to $6,220 at the 90th percentile. 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 Wilder helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wilder Assessed Value
$186,700
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 Wilder, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05088 | $98,180 | $161,700 | $186,700 | $215,450 | $231,740 |
Source: Ownwell
Property Tax Bills Across Wilder, Vermont
In Wilder, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Wilder is $186,700. Tax rates are applied to this assessed value to determine the annual tax bill. Various factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. For homeowners in Wilder, the property tax bill can vary significantly. At the 25th percentile, the tax bill is around $3,955, while at the 75th percentile, it rises to approximately $5,752. The highest tax bills, at the 90th percentile, can reach up to $6,220. These figures highlight the range of possible tax obligations for homeowners, depending on their property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, Wilder's property tax bills reflect the region's specific economic and property value conditions. Understanding these factors can help homeowners better anticipate their annual tax obligations and plan accordingly.
Average Wilder Tax Bill
$4,862
Average Windsor County Tax Bill
$4,455
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilder, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05088 | $2,376 | $3,955 | $4,862 | $5,752 | $6,220 |
Source: Ownwell