Property Taxes in Vermont
The median Vermont property tax rate is 2.11%, significantly higher than the national median of 0.99%. The median Vermont home value is $199,900, resulting in a median annual property tax bill of $3,843. Compared to the national median annual property tax bill, this is substantially higher. Property taxes in Vermont are calculated based on the tax assessed value, which typically falls below the actual market value due to property tax exemptions, such as the primary residence or agriculture exemption. Understanding your county's specific property tax system, exploring property tax exemptions, and recognizing opportunities for property tax reductions can lead to significant annual tax savings. Whether you're in Burlington, Montpelier, Rutland, or any other Vermont locale, familiarizing yourself with the property taxes in your location can benefit homeowners and investors alike.
Last Updated June 14, 2024
Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.11%
Estimate Property Tax Bill
$4,218
Ownwell’s Vermont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Vermont with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Vermont to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a county or city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Vermont
Property taxes in Vermont fund essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vermont is 2.11% compared to the national median property tax rate of 0.99%. The tax rate is set by local government entities, and it can vary widely between different areas within the state. Each county estimates its required budget to provide services for the upcoming year and then divides that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, that is the process followed each year. Compare a Vermont county’s effective property tax rate to other counties in the state or the US median property tax rate below. Caledonia County has the highest property tax rate in Vermont at 2.48%. Rutland County has the lowest property tax rate in Vermont at 1.74%.
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vermont
| County | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Addison | 1.88% | 2.01% | 2.21% | 2.39% | 2.69% |
| Bennington | 1.70% | 1.82% | 2.14% | 3.05% | 3.05% |
| Caledonia | 1.90% | 2.10% | 2.48% | 3.18% | 3.18% |
| Chittenden | N/A | N/A | N/A | N/A | N/A |
| Essex | 1.88% | 1.96% | 2.23% | 2.28% | 2.36% |
| Franklin | 0.28% | 0.51% | 2.01% | 2.03% | 2.26% |
| Grand Isle | 1.92% | 1.98% | 1.98% | 2.04% | 2.11% |
| Lamoille | 0.44% | 0.58% | 2.18% | 2.31% | 2.37% |
| Orange | 0.60% | 2.03% | 2.24% | 2.41% | 2.57% |
| Orleans | 1.36% | 1.89% | 2.04% | 2.83% | 2.98% |
| Rutland | 0.32% | 0.78% | 1.74% | 2.27% | 2.43% |
| Washington | 0.66% | 0.96% | 2.08% | 2.18% | 2.84% |
| Windham | 0.73% | 1.65% | 2.04% | 2.26% | 2.73% |
| Windsor | 0.78% | 1.87% | 2.21% | 2.60% | 2.76% |
Source: Ownwell
Property Tax Assessment Values Across Vermont
When examining property taxes in Vermont, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by factors such as location, property condition, and economic market trends. Market value is estimated by each Vermont county assessor for tax purposes. The assessed value is then the market value minus any applicable exemptions or limits determined by local laws and offerings. The assessed value is the figure used to calculate your property taxes, or the amount multiplied by your tax rate to get your tax bill. Assessment notices in Vermont are sent in the spring each year. They should reach your mailbox typically by the end of April. Each property owner receives an assessment notice that contains both the market value and assessed value along with an estimate of your property tax bill. By providing insights into how assessed values and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Vermont. Addison County has the highest median tax bill at $5,451, while Rutland County has the lowest median tax bill at $2,337. This range highlights the variability in property tax burdens across the state.
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vermont
| County | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Addison | $90,400 | $165,575 | $233,600 | $317,900 | $437,820 |
| Bennington | $75,800 | $126,300 | $189,500 | $305,000 | $488,200 |
| Caledonia | $58,300 | $99,000 | $151,500 | $225,200 | $319,210 |
| Chittenden | N/A | N/A | N/A | N/A | N/A |
| Essex | $28,900 | $64,900 | $115,000 | $175,300 | $252,460 |
| Franklin | $92,410 | $144,300 | $195,300 | $271,215 | $357,993 |
| Grand Isle | $15,350 | $113,600 | $222,800 | $347,525 | $542,750 |
| Lamoille | $88,310 | $148,900 | $219,600 | $342,900 | $558,100 |
| Orange | $70,400 | $121,000 | $178,000 | $255,900 | $365,680 |
| Orleans | $57,400 | $95,800 | $150,000 | $226,425 | $335,000 |
| Rutland | $79,000 | $117,600 | $162,600 | $238,610 | $350,000 |
| Washington | $93,400 | $142,640 | $205,330 | $293,500 | $406,000 |
| Windham | $84,906 | $139,045 | $195,000 | $280,945 | $417,160 |
| Windsor | $82,700 | $135,500 | $205,000 | $320,100 | $500,900 |
Source: Ownwell
Property Tax Bills Across Vermont
In Vermont, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by local assessors and reflects the market value of the property. Vermont’s property tax rate varies by municipality, but the state’s median property tax rate is notably higher than the national median of 0.99%. Homeowners in Vermont can expect to pay a significant amount in property taxes. For example, the median home price is $199,900, and tax bills can range widely. At the 25th percentile, homeowners pay around $1,875, while those at the 75th percentile see bills as high as $6,120. The top 10% of taxpayers face even steeper bills, with amounts reaching up to $8,980. Counties also show considerable variation; Addison County has the highest median tax bill at $5,451, while Rutland County has the lowest at $2,337. These variations highlight how local factors and assessed values significantly impact property tax bills for Vermont homeowners.
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Vermont
| County | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Addison | $2,252 | $3,840 | $5,451 | $7,370 | $9,940 |
| Bennington | $1,067 | $2,776 | $4,152 | $6,255 | $9,458 |
| Caledonia | $1,232 | $2,350 | $3,630 | $5,210 | $7,463 |
| Chittenden | N/A | N/A | N/A | N/A | N/A |
| Essex | $716 | $1,478 | $2,384 | $3,582 | $5,027 |
| Franklin | $434 | $1,005 | $2,567 | $4,251 | $5,903 |
| Grand Isle | $538 | $2,386 | $4,237 | $6,296 | $9,597 |
| Lamoille | $598 | $1,538 | $3,189 | $5,158 | $7,981 |
| Orange | $588 | $1,965 | $3,722 | $5,532 | $7,893 |
| Orleans | $1,111 | $1,982 | $3,124 | $4,594 | $6,577 |
| Rutland | $342 | $972 | $2,337 | $4,102 | $6,274 |
| Washington | $773 | $1,568 | $3,773 | $5,699 | $8,028 |
| Windham | $929 | $1,953 | $3,712 | $5,596 | $8,326 |
| Windsor | $828 | $2,221 | $4,455 | $7,258 | $11,339 |
Source: Ownwell
Find your County
A
B
C
E
F
G
L
O
R
W