Bennington County, Vermont Property Taxes
The median property tax rate in Bennington is 2.14%, 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 Bennington at $189,500, the typical annual property tax bill reaches $4,152, exceeding the national median of $2,690. Property taxes in Bennington 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 Bennington's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Bennington 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
Bennington County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.14%
Estimate Property Tax Bill
$4,055
$3,763
Ownwell’s Bennington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Bennington with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Bennington 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 Bennington County, Vermont
Property taxes in Bennington play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Bennington is 2.14%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Bennington set these rates annually, and they can vary significantly between different areas within the county. Each year, Bennington 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 Bennington's effective property tax rate with other areas in Vermont and the national median. For comparison, the city of Wilmington has one of the higher property tax rates in Vermont at 10.23%, while the city of Shaftsbury boasts one of the lowest at 0.63%. Analyzing how Bennington's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Bennington County Tax Rate
2.14%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bennington County, Vermont
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | N/A | N/A | N/A | N/A | N/A |
| Bennington | 3.05% | 3.05% | 3.05% | 3.05% | 3.05% |
| Bondville | 2.11% | 2.11% | 2.11% | 2.11% | 2.11% |
| Cambridge | N/A | N/A | N/A | N/A | N/A |
| Dorset | 0.13% | 0.51% | 0.95% | 0.95% | 0.97% |
| East Arlington | N/A | N/A | N/A | N/A | N/A |
| East Dorset | N/A | N/A | N/A | N/A | N/A |
| Jamaica | N/A | N/A | N/A | N/A | N/A |
| Landgrove | N/A | N/A | N/A | N/A | N/A |
| Londonderry | N/A | N/A | N/A | N/A | N/A |
| Manchester | 1.82% | 1.82% | 1.82% | 1.82% | 1.82% |
| Manchester Center | 1.82% | 1.82% | 1.82% | 1.82% | 1.82% |
| N Bennington | N/A | N/A | N/A | N/A | N/A |
| North Bennington | N/A | N/A | N/A | N/A | N/A |
| North Pownal | 2.14% | 2.14% | 2.14% | 2.14% | 2.14% |
| Pawlet | N/A | N/A | N/A | N/A | N/A |
| Peru | 0.91% | 2.11% | 2.11% | 2.11% | 7.06% |
| Pownal | 2.14% | 2.14% | 2.14% | 2.14% | 2.14% |
| Readsboro | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% |
| Rupert | N/A | N/A | N/A | N/A | N/A |
| Sandgate | N/A | N/A | N/A | N/A | N/A |
| Searsburg | N/A | N/A | N/A | N/A | N/A |
| Shaftsbury | 0.12% | 0.34% | 0.63% | 1.30% | 3.05% |
| South Londonderry | N/A | N/A | N/A | N/A | N/A |
| Stamford | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% |
| Sunderland | 0.49% | 0.84% | 1.42% | 1.46% | 1.48% |
| West Pawlet | N/A | N/A | N/A | N/A | N/A |
| West Rupert | 1.96% | 1.96% | 1.96% | 1.96% | 1.96% |
| Wilmington | 6.06% | 8.35% | 10.23% | 11.18% | 11.79% |
| Winhall | 2.11% | 2.11% | 2.11% | 2.11% | 2.11% |
| Woodford | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Bennington County, Vermont
In Bennington County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Bennington 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 Bennington County 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. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Bondville has the highest median tax bill at $6,818, while Shaftsbury has the lowest at $2,091. Being aware of these valuation processes in Bennington County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Bennington County, Vermont
Source: Ownwell
$117,100
$265,583
$414,065
Average Bennington County Assessed Value
$189,500
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bennington County, Vermont
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | N/A | N/A | N/A | N/A | N/A |
| Bennington | $49,770 | $101,575 | $133,500 | $172,125 | $243,660 |
| Bondville | $171,400 | $233,800 | $323,100 | $481,300 | $708,320 |
| Cambridge | N/A | N/A | N/A | N/A | N/A |
| Dorset | $182,734 | $278,022 | $414,065 | $647,522 | $979,565 |
| East Arlington | N/A | N/A | N/A | N/A | N/A |
| East Dorset | N/A | N/A | N/A | N/A | N/A |
| Jamaica | N/A | N/A | N/A | N/A | N/A |
| Landgrove | N/A | N/A | N/A | N/A | N/A |
| Londonderry | N/A | N/A | N/A | N/A | N/A |
| Manchester | $169,200 | $232,000 | $343,900 | $525,350 | $774,050 |
| Manchester Center | $125,560 | $199,550 | $276,500 | $427,850 | $638,660 |
| N Bennington | N/A | N/A | N/A | N/A | N/A |
| North Bennington | N/A | N/A | N/A | N/A | N/A |
| North Pownal | $104,000 | $136,550 | $193,200 | $276,050 | $434,400 |
| Pawlet | N/A | N/A | N/A | N/A | N/A |
| Peru | $141,370 | $181,300 | $231,350 | $360,600 | $545,440 |
| Pownal | $11,300 | $67,200 | $144,600 | $194,400 | $263,700 |
| Readsboro | $66,580 | $107,600 | $145,400 | $200,900 | $287,060 |
| Rupert | N/A | N/A | N/A | N/A | N/A |
| Sandgate | N/A | N/A | N/A | N/A | N/A |
| Searsburg | N/A | N/A | N/A | N/A | N/A |
| Shaftsbury | $112,300 | $152,600 | $218,500 | $301,500 | $389,400 |
| South Londonderry | N/A | N/A | N/A | N/A | N/A |
| Stamford | $93,440 | $131,400 | $176,100 | $243,600 | $313,400 |
| Sunderland | $198,010 | $270,250 | $299,900 | $311,775 | $367,890 |
| West Pawlet | N/A | N/A | N/A | N/A | N/A |
| West Rupert | $86,350 | $131,875 | $177,700 | $277,675 | $469,100 |
| Wilmington | $39,060 | $66,800 | $117,100 | $182,500 | $255,060 |
| Winhall | $180,000 | $270,950 | $305,000 | $361,200 | $596,995 |
| Woodford | $36,850 | $92,650 | $147,350 | $198,250 | $271,070 |
Source: Ownwell
Property Tax Bills Across Bennington County, Vermont
In Bennington County, VT, 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 who evaluate the property's market value. For homeowners in Bennington County, the median home price is $189,500. The tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including the property's location and any applicable exemptions. For instance, properties in Bondville have the highest median tax bill at $6,818, while those in Shaftsbury have the lowest at $2,091. The tax bill can vary significantly, with the 25th percentile at $2,776 and the 75th percentile at $6,255. At the 90th percentile, homeowners may see tax bills as high as $9,458. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Bennington County's tax rates can have a substantial impact on homeowners' annual expenses.
Average Bennington County Tax Bill
$4,152
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Bennington County, Vermont
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | N/A | N/A | N/A | N/A | N/A |
| Bennington | $1,387 | $3,008 | $3,963 | $5,080 | $7,025 |
| Bondville | $3,628 | $4,934 | $6,818 | $10,154 | $14,939 |
| Cambridge | N/A | N/A | N/A | N/A | N/A |
| Dorset | $180 | $1,513 | $3,250 | $5,475 | $8,795 |
| East Arlington | N/A | N/A | N/A | N/A | N/A |
| East Dorset | N/A | N/A | N/A | N/A | N/A |
| Jamaica | N/A | N/A | N/A | N/A | N/A |
| Landgrove | N/A | N/A | N/A | N/A | N/A |
| Londonderry | N/A | N/A | N/A | N/A | N/A |
| Manchester | $3,085 | $4,229 | $6,270 | $9,577 | $14,111 |
| Manchester Center | $2,290 | $3,639 | $5,046 | $7,753 | $11,646 |
| N Bennington | N/A | N/A | N/A | N/A | N/A |
| North Bennington | N/A | N/A | N/A | N/A | N/A |
| North Pownal | $2,229 | $2,926 | $4,224 | $6,856 | $10,106 |
| Pawlet | N/A | N/A | N/A | N/A | N/A |
| Peru | $1,063 | $2,803 | $3,534 | $4,909 | $6,840 |
| Pownal | $245 | $1,440 | $3,100 | $4,169 | $5,651 |
| Readsboro | $1,592 | $2,596 | $3,508 | $4,926 | $6,919 |
| Rupert | N/A | N/A | N/A | N/A | N/A |
| Sandgate | N/A | N/A | N/A | N/A | N/A |
| Searsburg | N/A | N/A | N/A | N/A | N/A |
| Shaftsbury | $180 | $800 | $2,091 | $3,454 | $4,889 |
| South Londonderry | N/A | N/A | N/A | N/A | N/A |
| Stamford | $3,618 | $3,618 | $3,618 | $3,618 | $3,618 |
| Sunderland | $1,448 | $1,917 | $2,700 | $3,638 | $4,202 |
| West Pawlet | N/A | N/A | N/A | N/A | N/A |
| West Rupert | $4,860 | $4,860 | $4,860 | $4,860 | $4,860 |
| Wilmington | $3,457 | $3,987 | $4,286 | $4,526 | $4,950 |
| Winhall | $3,796 | $5,731 | $6,432 | $7,618 | $11,999 |
| Woodford | $623 | $1,577 | $2,500 | $3,382 | $4,635 |
Source: Ownwell