Burlington, Chittenden County, Vermont Property Taxes

Name: Property Tax Bills Across Burlington, Chittenden County, Vermont
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Burlington, VT effective property tax rate: 2.11%, significantly higher than the national median of 1.02%, but lower than the VT state median of 2.11%.
Median Burlington, VT home value: $368,300
Median annual Burlington, VT tax bill: $7,768, $5,368 higher than the national median property tax bill of $2,400.

How are property taxes in Chittenden calculated?

Property taxes in Burlington, 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 Burlington’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Burlington, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Burlington, Chittenden County, Vermont Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.11%

Estimate Property Tax Bill

$7,771

$7,211

Ownwell’s Burlington Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Burlington with just two data points.

By entering your property's estimated assessed value, our calculator applies Burlington’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Chittenden County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Burlington, Chittenden County, Vermont

Local government entities determine property tax rates, which can greatly differ across a state. This variance arises because each county, like Chittenden, annually assesses its budgetary needs for public services and divides that by the total assessed value of all taxable properties. This calculation yields the property tax rate. While votes and legislation play roles in this process, this is the core method for determining rates each year. Burlington in Chittenden County stands out with an effective property tax rate of 2.11%, which is significantly higher than the national median property tax rate of 1.02%. This means property owners in Burlington are paying nearly double the national median rate, reflecting the higher property tax burden compared to many other regions. Such a rate can have substantial implications for homeowners and potential buyers, influencing decisions on property investments. Understanding these rates is crucial for financial planning and making informed real estate decisions.

Property Tax Rates Across Burlington, Chittenden County, Vermont

Source: Ownwell

0.51%

2.91%

5.31%

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 Burlington Tax Rate

2.11%

Median Effective Chittenden County Tax Rate

1.83%

Median Effective Vermont Tax Rate

2.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Burlington, Chittenden County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
05401	2.11%	2.11%	2.11%	2.11%	2.11%
05408	2.11%	2.11%	2.11%	2.11%	2.11%
05405	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Burlington, Chittenden County, Vermont

When examining property taxes in Burlington, 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 Chittenden County appraisal authority 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 Chittenden 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 Burlington. For example, the median home price in Burlington is $368,300, with tax bills ranging significantly across the county. Zip code 05401 has the highest median home price at $420,700.

Property Tax Assessment Values Across Burlington, Chittenden County, Vermont

Source: Ownwell

$183,250

$318,425

$453,600

Median Burlington Market Value

$368,300

Median Chittenden County Market Value

$281,900

Median Vermont Market Value

$199,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Burlington, Chittenden County, Vermont

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
05401	$205,300	$319,875	$420,700	$542,150	$691,620
05408	$219,000	$280,725	$321,100	$379,100	$491,450
05405	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Burlington, Chittenden County, Vermont

In Burlington, Chittenden County, Vermont, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as location, size, and condition of the property can influence the assessed value. Homeowners in Burlington face a median tax bill significantly higher than the national median of $2,400. In Burlington's 05401 zip code, the highest median tax bill reaches $8,881, reflecting the region's elevated property values.

These higher tax bills can strain homeowners' finances, making it crucial to ensure that assessments are accurate. Ownwell offers expertise in property tax appeals, helping homeowners potentially lower their tax bills by challenging over-assessments. By providing detailed market analysis and representation, Ownwell can assist in achieving fair property valuations, ultimately leading to potential savings on property tax bills for Burlington homeowners.

Property Tax Bills Across Burlington, Chittenden County, Vermont

Source: Ownwell

$4,441

$8,881

Median Burlington Tax Bill

$7,768

Median Chittenden County Tax Bill

$5,508

Median Vermont Tax Bill

$3,843

Median United States Tax Bill

$2,400

Property Tax Bills Across Burlington, Chittenden County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
05401	$4,285	$6,691	$8,881	$11,450	$14,614
05408	$4,628	$5,932	$6,785	$8,010	$10,385
05405	N/A	N/A	N/A	N/A	N/A

Source: Ownwell