Lyndon, Vermont Property Taxes
The median property tax rate in Lyndon, VT is 0.68%, considerably lower than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Lyndon, the typical annual property tax bill reaches $1,512, significantly below the national median of $2,690. Property taxes in Lyndon 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 Lyndon'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 Lyndon 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
Lyndon, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$991
Ownwell’s Lyndon Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lyndon with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Lyndon to provide an accurate property tax bill estimate. This valuable tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, assigned by the county for tax calculations, takes into account any applicable exemptions, ensuring a comprehensive estimate.
Property Tax Rates Across Lyndon, Vermont
Property taxes in Lyndon, Vermont, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lyndon is 0.68%, lower than the U.S. national median of 0.99%. Local government entities within Lyndon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lyndon 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 Lyndon's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05849 zip code has both the highest and lowest median property tax rate of 0.68%. Understanding how these cities compare with Lyndon provides valuable insights into the varying tax landscape across Caledonia, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lyndon Tax Rate
0.68%
Average Caledonia County Tax Rate
2.48%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lyndon, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05849 | 0.16% | 0.40% | 0.68% | 0.84% | 0.84% |
| 05851 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Lyndon, Vermont
In Lyndon, Vermont, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Caledonia County 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 Lyndon, 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 Lyndon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Lyndon's ZIP code 05849 is $1,512, while the lowest is also $1,512, reflecting consistent property tax assessments across the area.
Average Lyndon Assessed Value
$145,800
Average Caledonia County Assessed Value
$151,500
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lyndon, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05849 | $55,260 | $111,225 | $146,450 | $236,675 | $359,830 |
| 05851 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Lyndon, Vermont
In Lyndon, VT, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Lyndon can expect their property tax bills to vary significantly depending on their property's assessed value. For instance, the median home price in Lyndon is $145,800, which serves as a baseline for calculating tax obligations. Tax bills in Lyndon range widely, with the 25th percentile at $710 and the 75th percentile reaching up to $2,314. For those in the 90th percentile, tax bills can be as high as $2,740. These figures illustrate the variability in property tax burdens, influenced by factors such as property size, location, and improvements made to the home. Compared to the national median property tax rate of 0.99%, Lyndon homeowners face a unique set of challenges and opportunities. Understanding how these factors impact their tax bills can help homeowners plan and manage their finances more effectively.
Average Lyndon Tax Bill
$1,512
Average Caledonia County Tax Bill
$3,630
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Lyndon, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05849 | $284 | $710 | $1,512 | $2,314 | $2,740 |
| 05851 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell