Thetford, Orange County, Vermont Property Taxes

Name: Property Tax Bills Across Thetford, Orange County, Vermont
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Thetford, VT effective property tax rate: 2.56%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%.
Median Thetford, VT home value: $243,010
Median annual Thetford, VT tax bill: $5,648, $3,248 higher than the national median property tax bill of $2,400.

How are property taxes in Orange County calculated?

Property taxes in Thetford, VT are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Thetford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Thetford, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Thetford, Orange County, Vermont Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.56%

Estimate Property Tax Bill

$6,221

$5,773

Ownwell’s Thetford Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Thetford with just two data points. By entering your property's estimated assessed value, our calculator applies Thetford’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value—determined by your county—reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Orange County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Thetford, Orange County, Vermont

Local government entities determine tax rates, which can differ significantly within a state. This is because each county calculates its necessary budget for services and divides that by the total value of all taxable property within its area. This calculation determines the property tax rate. Though voting and legislation play roles in setting these rates and budgets, this is the basic annual procedure.

Thetford in Orange County, Vermont, presents an interesting case when comparing property tax rates. With an effective property tax rate of 2.56%, Thetford stands out not only in Vermont but also nationally. The national median property tax rate is 1.02%, making Thetford's rate considerably higher. Additionally, the median property tax bill nationwide is $2,400, highlighting the financial impact of Thetford's higher rate on homeowners.

Understanding these differences helps residents and potential homeowners in Thetford make informed decisions about property ownership and tax liabilities. Comparing Thetford’s tax rate to other cities in Vermont and across the U.S. provides valuable insight into regional tax burdens.

Property Tax Rates Across Thetford, Orange County, Vermont

Source: Ownwell

1.70%

2.13%

2.56%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Thetford Tax Rate

2.56%

Median Effective Orange County Tax Rate

2.24%

Median Effective Vermont Tax Rate

2.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Thetford, Orange County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
05074	1.14%	1.77%	2.56%	2.57%	2.63%
05054	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Thetford, Orange County, Vermont

When examining property taxes in Thetford, VT, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Orange County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Orange County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Thetford. For example, the median home price in Thetford is $243,010, with tax bills ranging significantly across the county. Zip code 05074 has the highest median home price at $242,065.

Property Tax Assessment Values Across Thetford, Orange County, Vermont

Source: Ownwell

$135,700

$218,350

$301,000

Median Thetford Market Value

$243,010

Median Orange County Market Value

$178,000

Median Vermont Market Value

$199,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Thetford, Orange County, Vermont

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
05074	$120,681	$179,008	$242,065	$316,362	$441,327
05054	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Thetford, Orange County, Vermont

In Thetford, located in Orange County, VT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The local government assesses the property's value, and this assessed value is then multiplied by the tax rate to determine the annual tax bill. Factors such as changes in the local tax rate and fluctuations in the housing market can influence the assessed value, impacting the tax bill. For instance, the median home price in Thetford is $243,010, with property tax bills ranging significantly. The 25th percentile tax bill is $3,348, while it rises sharply to $10,220 at the 90th percentile, reflecting the variability in property assessments and tax rates. These taxes can be burdensome for homeowners, particularly when the median tax bill in Thetford is more than double the national median of $2,400. Ownwell can assist homeowners by reviewing their property assessments, identifying potential overvaluations, and filing appeals on their behalf, potentially leading to significant savings on their property tax bills.

Property Tax Bills Across Thetford, Orange County, Vermont

Source: Ownwell

$1,836

$4,526

$7,216

Median Thetford Tax Bill

$5,648

Median Orange County Tax Bill

$3,722

Median Vermont Tax Bill

$3,843

Median United States Tax Bill

$2,400

Property Tax Bills Across Thetford, Orange County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
05074	$1,750	$3,343	$5,560	$7,305	$10,233
05054	N/A	N/A	N/A	N/A	N/A

Source: Ownwell