Saint Johnsbury, Vermont Property Taxes
The median property tax rate in Saint Johnsbury, VT is 2.36%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Saint Johnsbury, the typical annual property tax bill reaches $4,265, exceeding the national median of $2,690. Property taxes in Saint Johnsbury 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 Saint Johnsbury'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 Saint Johnsbury 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
Saint Johnsbury, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.36%
Estimate Property Tax Bill
$4,270
Ownwell’s Saint Johnsbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Johnsbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Johnsbury 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 Saint Johnsbury, Vermont
Property taxes in Saint Johnsbury, Vermont, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Johnsbury is 2.36%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within Saint Johnsbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Johnsbury 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 Saint Johnsbury's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05819 zip code has the highest median property tax rate of 2.36%, while the same zip code also records the lowest median tax rate of 2.36%. Understanding how these cities compare with Saint Johnsbury provides valuable insights into the varying tax landscape across Essex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Johnsbury Tax Rate
2.36%
Average Essex County Tax Rate
2.23%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Johnsbury, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05819 | 2.36% | 2.36% | 2.36% | 2.36% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Saint Johnsbury, Vermont
In Saint Johnsbury, 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 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 Saint Johnsbury, 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 Saint Johnsbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $4,265, found in the zip code 05819.
Property Tax Assessment Values Across Saint Johnsbury, Vermont
Source: Ownwell
$26,800
$130,500
$234,200
Average Saint Johnsbury Assessed Value
$180,950
Average Essex County Assessed Value
$115,000
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Johnsbury, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05819 | $165,070 | $171,025 | $180,950 | $190,875 | $196,830 |
Source: Ownwell
Property Tax Bills Across Saint Johnsbury, Vermont
In Saint Johnsbury, Essex County, VT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the town's assessor's office, which evaluates the property's market value and applies a percentage to establish its taxable value. Homeowners in Saint Johnsbury face property tax bills that vary significantly. For instance, the tax bill at the 25th percentile is $4,031, while at the 75th percentile, it reaches $4,499, and at the 90th percentile, it climbs to $4,639. These taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Saint Johnsbury's rate is considerably higher, reflecting the local government's reliance on property taxes for revenue. This higher tax rate can significantly impact homeowners, potentially making homeownership more costly but also contributing to well-funded community services.
Average Saint Johnsbury Tax Bill
$4,265
Average Essex County Tax Bill
$2,384
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Johnsbury, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05819 | $3,891 | $4,031 | $4,265 | $4,499 | $4,639 |
Source: Ownwell