Addison County Property Taxes
The median property tax rate in Addison is 2.21%, which is significantly higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Addison at $233,600, the typical annual property tax bill reaches $5,451, far exceeding the national median of $2,690. Property taxes in Addison are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Addison's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Addison or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Addison County 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 Addison Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Addison with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Addison to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a 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 Addison County, Vermont
Property taxes in Addison play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Addison is 2.21%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Addison set these rates annually, and they can vary significantly between different areas within the county. Each year, Addison estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Addison's effective property tax rate with other areas in the region and the national median. For comparison, the city of Bristol has one of the higher property tax rates in the region at 2.69%, while the city of Whiting boasts one of the lowest at 1.55%. Analyzing how Addison's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Addison County Tax Rate
2.21%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Addison County, Vermont
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Addison | 2.13% | 2.14% | 2.15% | 2.16% | 2.16% |
| Brandon | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% |
| Bridport | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% |
| Bristol | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% |
| Cornwall | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% |
| East Middlebury | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% |
| Ferrisburg | 1.88% | 1.88% | 1.88% | 1.88% | 1.88% |
| Ferrisburgh | 1.88% | 1.88% | 1.88% | 1.88% | 1.88% |
| Goshen | N/A | N/A | N/A | N/A | N/A |
| Granville | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% |
| Hancock | N/A | N/A | N/A | N/A | N/A |
| Hinesburg | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% |
| Huntington | N/A | N/A | N/A | N/A | N/A |
| Leicester | 1.90% | 1.90% | 1.90% | 1.90% | 1.90% |
| Lincoln | 2.24% | 2.24% | 2.24% | 2.24% | 2.24% |
| Middlebury | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% |
| New Haven | 2.06% | 2.06% | 2.07% | 2.07% | 2.07% |
| N Ferrisburgh | N/A | N/A | N/A | N/A | N/A |
| North Ferrisburgh | 1.88% | 1.88% | 1.88% | 1.88% | 1.88% |
| Orwell | 0.88% | 2.21% | 2.21% | 2.21% | 2.21% |
| Panton | 2.18% | 2.18% | 2.18% | 2.18% | 2.18% |
| Ripton | N/A | N/A | N/A | N/A | N/A |
| Rochester | N/A | N/A | N/A | N/A | N/A |
| Roxbury | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% |
| Salisbury | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% |
| Shoreham | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% |
| Starksboro | N/A | N/A | N/A | N/A | N/A |
| Vergennes | 1.88% | 1.88% | 2.13% | 2.13% | 2.18% |
| West Cornwall | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% |
| Weybridge | 2.04% | 2.04% | 2.04% | 2.29% | 2.39% |
| Whiting | 1.55% | 1.55% | 1.55% | 2.04% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across Addison County, Vermont
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Addison. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Addison Appraisal District. The assessed value, however, 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. Assessment notices in Addison are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, Panton has the highest median tax bill at $7,736, while Roxbury has the lowest at $1,078. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Addison will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Addison County Assessed Value
$233,600
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Addison County, Vermont
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Addison | $48,320 | $119,900 | $239,200 | $358,500 | $430,080 |
| Brandon | $67,340 | $193,100 | $271,350 | $433,200 | $530,560 |
| Bridport | $87,560 | $139,250 | $202,300 | $309,900 | $553,020 |
| Bristol | $89,120 | $161,300 | $223,800 | $279,000 | $347,660 |
| Cornwall | $172,990 | $263,950 | $370,900 | $514,025 | $695,110 |
| East Middlebury | $122,800 | $169,625 | $205,350 | $246,475 | $335,100 |
| Ferrisburg | $129,340 | $202,400 | $308,100 | $545,400 | $929,700 |
| Ferrisburgh | $147,020 | $212,100 | $280,500 | $378,700 | $478,500 |
| Goshen | N/A | N/A | N/A | N/A | N/A |
| Granville | $37,750 | $66,300 | $134,650 | $204,725 | $317,600 |
| Hancock | N/A | N/A | N/A | N/A | N/A |
| Hinesburg | $140,380 | $193,450 | $260,000 | $349,350 | $465,520 |
| Huntington | N/A | N/A | N/A | N/A | N/A |
| Leicester | $76,080 | $121,400 | $197,000 | $310,750 | $441,260 |
| Lincoln | $125,250 | $174,050 | $243,450 | $321,400 | $432,900 |
| Middlebury | $158,540 | $210,150 | $267,650 | $345,925 | $433,910 |
| New Haven | $155,300 | $195,650 | $253,900 | $336,050 | $452,400 |
| N Ferrisburgh | N/A | N/A | N/A | N/A | N/A |
| North Ferrisburgh | $122,700 | $205,900 | $283,800 | $360,000 | $441,140 |
| Orwell | $102,060 | $148,500 | $195,200 | $263,000 | $382,400 |
| Panton | $99,260 | $168,700 | $355,500 | $937,300 | $1,311,280 |
| Ripton | N/A | N/A | N/A | N/A | N/A |
| Rochester | N/A | N/A | N/A | N/A | N/A |
| Roxbury | $28,470 | $38,775 | $48,850 | $128,125 | $169,240 |
| Salisbury | $12,100 | $136,300 | $210,700 | $303,025 | $419,520 |
| Shoreham | $103,760 | $152,000 | $209,900 | $291,625 | $439,490 |
| Starksboro | N/A | N/A | N/A | N/A | N/A |
| Vergennes | $79,800 | $173,100 | $222,100 | $307,600 | $469,020 |
| West Cornwall | $231,560 | $264,650 | $319,800 | $455,450 | $536,840 |
| Weybridge | $169,260 | $215,300 | $281,100 | $386,450 | $557,020 |
| Whiting | $83,730 | $137,550 | $197,050 | $281,975 | $415,460 |
Source: Ownwell
Property Tax Bills Across Addison County, Vermont
In Addison County, VT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the town's assessor and is intended to reflect the market value of the property. Local tax rates are then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and condition. For instance, homes in Panton have the highest median tax bill in the county at $7,736, while those in Roxbury see the lowest at $1,078. The median home price in Addison County is $233,600, with tax bills ranging from $3,840 at the 25th percentile to $9,940 at the 90th percentile. These property taxes significantly impact homeowners, as they represent a substantial annual expense. Compared to the national median property tax rate of 0.99%, Addison County's rates can be relatively higher, affecting household budgets and overall affordability.
Average Addison County Tax Bill
$5,451
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Addison County, Vermont
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Addison | $1,027 | $2,548 | $5,083 | $7,618 | $9,139 |
| Brandon | $2,368 | $4,123 | $6,029 | $8,680 | $10,792 |
| Bridport | $1,955 | $3,142 | $4,558 | $7,017 | $12,521 |
| Bristol | $2,034 | $4,152 | $5,637 | $7,180 | $8,876 |
| Cornwall | $3,531 | $5,387 | $7,570 | $10,491 | $14,187 |
| East Middlebury | $4,324 | $4,633 | $5,116 | $5,686 | $5,715 |
| Ferrisburg | $2,429 | $3,811 | $5,802 | $10,270 | $17,506 |
| Ferrisburgh | $2,765 | $3,992 | $5,288 | $7,132 | $8,972 |
| Goshen | N/A | N/A | N/A | N/A | N/A |
| Granville | $832 | $1,462 | $2,970 | $4,516 | $7,006 |
| Hancock | N/A | N/A | N/A | N/A | N/A |
| Hinesburg | $5,718 | $5,718 | $5,718 | $5,718 | $5,718 |
| Huntington | N/A | N/A | N/A | N/A | N/A |
| Leicester | $1,458 | $2,315 | $3,742 | $5,900 | $8,370 |
| Lincoln | $2,796 | $3,892 | $5,438 | $7,176 | $9,684 |
| Middlebury | $3,751 | $4,976 | $6,339 | $8,219 | $10,095 |
| New Haven | $3,199 | $4,037 | $5,214 | $6,804 | $9,252 |
| N Ferrisburgh | N/A | N/A | N/A | N/A | N/A |
| North Ferrisburgh | $3,302 | $4,435 | $5,830 | $7,246 | $8,542 |
| Orwell | $1,160 | $2,901 | $4,038 | $5,898 | $6,087 |
| Panton | $2,160 | $3,671 | $7,736 | $20,396 | $28,533 |
| Ripton | N/A | N/A | N/A | N/A | N/A |
| Rochester | N/A | N/A | N/A | N/A | N/A |
| Roxbury | $628 | $856 | $1,078 | $2,826 | $3,734 |
| Salisbury | $243 | $2,744 | $4,235 | $6,089 | $8,430 |
| Shoreham | $2,355 | $3,377 | $4,752 | $6,532 | $9,718 |
| Starksboro | N/A | N/A | N/A | N/A | N/A |
| Vergennes | $2,254 | $3,903 | $5,280 | $7,574 | $12,030 |
| West Cornwall | $4,726 | $5,402 | $6,527 | $9,296 | $10,957 |
| Weybridge | $3,370 | $4,400 | $5,090 | $10,172 | $17,873 |
| Whiting | $1,422 | $2,308 | $3,375 | $4,910 | $7,803 |
Source: Ownwell