Enosburg Falls, Vermont Property Taxes
The median property tax rate in Enosburg Falls, VT is 2.04%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Enosburg Falls, the typical annual property tax bill reaches $4,199, exceeding the national median of $2,690. Property taxes in Enosburg Falls 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 Enosburg Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Enosburg Falls or another part of Franklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Enosburg Falls, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.04%
Estimate Property Tax Bill
$3,460
Ownwell’s Enosburg Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Enosburg Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Enosburg Falls 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 Enosburg Falls, Vermont
Property taxes in Enosburg Falls, Vermont, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Enosburg Falls is 2.04%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within Enosburg Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Enosburg Falls 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 Enosburg Falls's effective property tax rate to other areas in Franklin County and the national median. For comparison, the 05450 zip code has the highest median property tax rate of 2.04%, while the same 05450 zip code also has the lowest median tax rate of 2.04%. Understanding how these figures compare with Enosburg Falls provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Enosburg Falls Tax Rate
2.04%
Average Franklin County Tax Rate
2.01%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Enosburg Falls, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05450 | 2.03% | 2.04% | 2.04% | 2.26% | 2.26% |
Source: Ownwell
Property Tax Assessment Values Across Enosburg Falls, Vermont
In Enosburg Falls, 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 Franklin 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. 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 Enosburg Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Enosburg Falls is 05450, with a median tax bill of $4,199.
Property Tax Assessment Values Across Enosburg Falls, Vermont
Source: Ownwell
$130,000
$260,850
$391,700
Average Enosburg Falls Assessed Value
$169,600
Average Franklin County Assessed Value
$195,300
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Enosburg Falls, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05450 | $78,030 | $125,600 | $169,600 | $233,400 | $314,335 |
Source: Ownwell
Property Tax Bills Across Enosburg Falls, Vermont
In Enosburg Falls, located in Franklin 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 the town's assessor and reflects the market value of the property. For example, with a median home price of $169,600, the property tax rate is applied to this assessed value to determine the annual tax bill. Various factors influence the tax bill, including property characteristics, market trends, and local budget requirements. Homeowners in Enosburg Falls can expect tax bills to vary significantly. The 25th percentile tax bill is around $2,992, while the 75th percentile tax bill reaches about $5,530. For those in the 90th percentile, tax bills can be as high as $7,554. These figures indicate that property taxes in this area can be relatively high compared to the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners, as property taxes represent a significant expense that impacts overall homeownership costs.
Average Enosburg Falls Tax Bill
$4,199
Average Franklin County Tax Bill
$2,567
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Enosburg Falls, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05450 | $2,037 | $2,992 | $4,199 | $5,530 | $7,554 |
Source: Ownwell