East Orange, Orange County, Vermont Property Taxes
The median property tax rate in East Orange, VT is 2.28%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in East Orange at $149,000, the typical annual property tax bill reaches $3,230, exceeding the national median of $2,690. Property taxes in East Orange 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 East Orange'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 Orange 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 Orange, Orange County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.28%
Estimate Property Tax Bill
$3,397
$3,153
Ownwell’s EAST ORANGE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAST ORANGE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAST ORANGE 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 Orange, Orange County, Vermont
Property taxes in East Orange, Vermont, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Orange is 2.28%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within East Orange set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Orange 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 Orange's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05086 zip code has the highest median property tax rate of 2.28%, while the 05086 zip code also has the lowest median tax rate of 2.28%. Understanding how these cities compare with East Orange 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 Orange Tax Rate
2.28%
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 Orange, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05086 | 2.25% | 2.26% | 2.28% | 2.31% | 2.32% |
Source: Ownwell
Property Tax Assessment Values Across East Orange, Orange County, Vermont
In East Orange, 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 Orange, 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. For example, the zip code 05086 has both the highest and lowest median tax bills at $3,230. Being aware of these valuation processes in East Orange helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across East Orange, Orange County, Vermont
Source: Ownwell
$135,700
$218,350
$301,000
Average East Orange Assessed Value
$149,000
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 Orange, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05086 | $68,820 | $111,700 | $149,000 | $172,450 | $206,300 |
Source: Ownwell
Property Tax Bills Across East Orange, Orange County, Vermont
In East Orange, Vermont, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in this region should expect their tax bill to be influenced by the median home price, which stands at $149,000. The tax rate is applied to this assessed value to determine the annual property tax bill. For instance, the 25th percentile tax bill is approximately $2,820, while the 75th percentile tax bill is around $3,640. At the 90th percentile, homeowners might see a tax bill of about $3,885. Comparatively, the national median property tax rate is 0.99%, making East Orange's property tax rates relatively higher or lower depending on the specific assessed value and the local rate applied. The highest and lowest median tax bills in East Orange are both $3,230, indicating a consistent tax rate across different areas within the city. These factors combined can significantly impact homeowners' annual expenses and should be considered when budgeting for property ownership in East Orange.
Average East Orange Tax Bill
$3,230
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 Orange, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05086 | $2,575 | $2,820 | $3,230 | $3,640 | $3,885 |
Source: Ownwell