Vergennes, Addison County, Vermont Property Taxes
- Median Vergennes, VT effective property tax rate: 2.13%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%.
- Median Vergennes, VT home value: $222,100
- Median annual Vergennes, VT tax bill: $5,280, $2,880 higher than the national median property tax bill of $2,400.
How are property taxes in Addison calculated?
Property taxes in Vergennes, VT are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Vergennes’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Vergennes, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Vergennes, Addison County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.13%
Estimate Property Tax Bill
$4,731
$4,390
Property Tax Rates Across Vergennes, Addison County, Vermont
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its 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, this is the annual process. Below, you can compare Vergennes’s effective property tax rate to other cities in Vermont and the median property tax rates in Vermont and the U.S.
Vergennes, located in Addison County, has a median property tax rate of 2.13%. This rate is significantly higher than the national median of 1.02%. In fact, Vergennes holds the highest median property tax rate in Vermont, with the same rate of 2.13% across the state. This contrasts sharply with the national median property tax bill of $2,400. Such a high rate in Vergennes reflects the local government's budgetary needs and the value of taxable properties. Homeowners in Vergennes should be aware of these rates, as they directly impact annual property tax bills.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Vergennes Tax Rate
2.13%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Addison County Tax Rate
2.21%
Median Effective Vermont Tax Rate
2.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Vergennes, Addison County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05491 | 1.88% | 1.88% | 2.13% | 2.13% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across Vergennes, Addison County, Vermont
When examining property taxes in Vergennes, VT, 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 location, property condition, and economic market trends. The Addison County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Addison County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle 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 and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Vergennes. For example, the median home price in Vergennes is $222,100, with tax bills ranging significantly across the county. 05491 has the highest median home price at $222,100.
Property Tax Assessment Values Across Vergennes, Addison County, Vermont
Source: Ownwell
$48,850
$211,200
$373,550
Median Vergennes Market Value
$222,100
Median Addison County Market Value
$233,600
Median Vermont Market Value
$199,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Vergennes, Addison County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05491 | $79,800 | $173,100 | $222,100 | $307,600 | $469,020 |
Source: Ownwell
Property Tax Bills Across Vergennes, Addison County, Vermont
In Vergennes, Addison County, VT, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The city's property tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as changes in property value, local budget requirements, and school funding needs can influence the tax rate. Homeowners in Vergennes face a median property tax bill of $5,280, significantly higher than the national median of $2,400. This can place a considerable financial burden on residents, especially when tax bills reach the 90th percentile at $12,030.
Ownwell assists homeowners by providing property tax appeal services, potentially lowering their assessed values and, consequently, their tax bills. By leveraging expertise in local tax regulations and market trends, Ownwell identifies opportunities for savings, ensuring homeowners pay only their fair share. This service can result in substantial savings, making homeownership more affordable in Vergennes.
Median Vergennes Tax Bill
$5,280
Median Addison County Tax Bill
$5,451
Median Vermont Tax Bill
$3,843
Median United States Tax Bill
$2,400
Property Tax Bills Across Vergennes, Addison County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05491 | $2,254 | $3,903 | $5,280 | $7,574 | $12,030 |
Source: Ownwell