East Barre, Orange County, Vermont Property Taxes
The median property tax rate in East Barre, VT is 2.32%, significantly higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in East Barre, the typical annual property tax bill reaches $7,216, far exceeding the national median of $2,690. Property taxes in East Barre are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding East Barre'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 East Barre 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
East Barre, Orange County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.32%
Estimate Property Tax Bill
$3,857
$3,579
Ownwell’s East Barre Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Barre with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Barre 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 East Barre, Orange County, Vermont
Property taxes in East Barre, Vermont, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Barre is 2.32%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within East Barre set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Barre 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 East Barre's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05649 zip code has the highest median property tax rate of 2.32%, while the same zip code also has the lowest median tax rate of 2.32%. Understanding how these cities compare with East Barre provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Barre Tax Rate
2.32%
Average Orange County Tax Rate
2.24%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Barre, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05649 | 2.32% | 2.32% | 2.32% | 2.32% | 2.32% |
Source: Ownwell
Property Tax Assessment Values Across East Barre, Orange County, Vermont
In East Barre, 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 Orange 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 East Barre, 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 East Barre helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In East Barre, the highest and lowest median tax bills are both $7,216, found in the 05649 zip code. This figure is significantly higher than the national median property tax rate of 0.99%, highlighting the importance of understanding and managing property tax obligations in this area.
Property Tax Assessment Values Across East Barre, Orange County, Vermont
Source: Ownwell
$135,700
$218,350
$301,000
Average East Barre Assessed Value
$166,250
Average Orange County Assessed Value
$178,000
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Barre, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05649 | $86,000 | $131,125 | $166,250 | $225,950 | $311,890 |
Source: Ownwell
Property Tax Bills Across East Barre, Orange County, Vermont
In East Barre, Orange County, VT, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value of the property. Homeowners in East Barre face a significant property tax burden, with the median tax bill standing at $7,216. This figure is considerably higher than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the property's location, size, and condition. Local government budgets and school funding needs also play a crucial role in determining tax rates. For homeowners, this high tax bill can impact financial planning and housing affordability. The tax burden in East Barre is uniform across different percentiles, indicating a consistent tax rate applied to properties regardless of their assessed value. Understanding these factors can help homeowners anticipate their tax obligations and better manage their finances.
Average East Barre Tax Bill
$7,216
Average Orange County Tax Bill
$3,722
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across East Barre, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05649 | $7,216 | $7,216 | $7,216 | $7,216 | $7,216 |
Source: Ownwell