Post Mills, Orange County, Vermont Property Taxes
The median property tax rate in Post Mills, VT is 2.56%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Post Mills at $203,280, the typical annual property tax bill reaches $4,694, exceeding the national median of $2,690. Property taxes in Post Mills 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 Post Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Post Mills 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
Post Mills, Orange County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.56%
Estimate Property Tax Bill
$5,204
$4,829
Ownwell’s Post Mills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Post Mills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Post Mills 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 Post Mills, Orange County, Vermont
Property taxes in Post Mills, Vermont, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Post Mills is 2.56%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within Post Mills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Post Mills 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 Post Mills' effective property tax rate to other counties in Vermont and the national median. For comparison, the 05058 zip code has the highest median property tax rate of 2.56%, while the same zip code also has the lowest median tax rate of 2.56%. Understanding how these cities compare with Post Mills 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 Post Mills Tax Rate
2.56%
Average Orange County Tax Rate
2.24%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Post Mills, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05058 | 0.67% | 1.64% | 2.56% | 2.57% | 2.63% |
Source: Ownwell
Property Tax Assessment Values Across Post Mills, Orange County, Vermont
In Post Mills, 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 Post Mills, 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 Post Mills 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 $4,694 in the 05058 zip code, which contrasts with the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Post Mills, Orange County, Vermont
Source: Ownwell
$135,700
$218,350
$301,000
Average Post Mills Assessed Value
$203,280
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 Post Mills, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05058 | $121,130 | $154,540 | $203,280 | $253,425 | $333,204 |
Source: Ownwell
Property Tax Bills Across Post Mills, Orange County, Vermont
In Post Mills, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the local assessor’s office and reflects the market value of the property. The tax rate is set by the county and local government, which in this case is Orange County. Factors such as local government budgets, school funding needs, and public services impact the tax rate. Homeowners in Post Mills experience property tax bills that can vary significantly. For instance, the 25th percentile tax bill stands at $2,964, while the 75th percentile tax bill reaches $6,432. At the high end, the 90th percentile tax bill can be as much as $8,315. The median home price in Post Mills is $203,280, which influences these tax amounts. Compared to the national median property tax rate of 0.99%, homeowners in Post Mills may find their tax rates higher or lower depending on individual property assessments and local fiscal requirements. This can significantly affect homeowners' annual expenses and financial planning.
Average Post Mills Tax Bill
$4,694
Average Orange County Tax Bill
$3,722
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Post Mills, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05058 | $1,207 | $2,964 | $4,694 | $6,432 | $8,315 |
Source: Ownwell