Winhall, Vermont Property Taxes
The median property tax rate in Winhall, VT is 2.11%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Winhall at $305,000, the typical annual property tax bill reaches $6,432, far exceeding the national median of $2,690. Property taxes in Winhall 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 Winhall'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 Winhall 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
Winhall, Vermont 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 Winhall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winhall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winhall 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Winhall, Vermont
Property taxes in Winhall, Vermont, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Winhall is 2.11%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within Winhall set these rates annually, and they can vary across different neighborhoods. Each year, Winhall 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 Winhall's effective property tax rate to other areas in Vermont and the national median. For comparison, the zip code 05340 in Winhall has the highest median property tax rate of 2.11%, while the same zip code also has the lowest median tax rate of 2.11%. Understanding how Winhall compares with other regions provides valuable insights into the varying tax landscape across Bennington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Winhall Tax Rate
2.11%
Average Bennington County Tax Rate
2.14%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winhall, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05340 | 2.11% | 2.11% | 2.11% | 2.11% | 2.11% |
Source: Ownwell
Property Tax Assessment Values Across Winhall, Vermont
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Winhall, Vermont. 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 local 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 Winhall, 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. 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 Winhall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Winhall, both at $6,432, are found in the 05340 zip code.
Average Winhall Assessed Value
$305,000
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 Winhall, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05340 | $180,000 | $270,950 | $305,000 | $361,200 | $596,995 |
Source: Ownwell
Property Tax Bills Across Winhall, Vermont
In Winhall, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the property's location, size, and condition can influence the assessed value. For homeowners in Winhall, the median home price is $305,000, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $5,731, while the 75th percentile tax bill reaches $7,618. At the higher end, the 90th percentile tax bill is $11,999. These figures highlight the financial impact property taxes can have on homeowners, especially when compared to the national median property tax rate of 0.99%. Understanding how these factors interplay helps homeowners anticipate their financial obligations and plan accordingly.
Average Winhall Tax Bill
$6,432
Average Bennington County Tax Bill
$4,152
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Winhall, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05340 | $3,796 | $5,731 | $6,432 | $7,618 | $11,999 |
Source: Ownwell