Thetford Center, Orange County, Vermont Property Taxes
Median Thetford Center, 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 Center, VT home value: $235,010
Median annual Thetford Center, VT tax bill: $5,204, $2,804 higher than the national median property tax bill of $2,400.
How are property taxes in Orange County calculated?
Property taxes in Thetford Center, 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 Center’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Thetford Center, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Thetford Center, Orange County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.56%
Estimate Property Tax Bill
$6,016
$5,583
Property Tax Rates Across Thetford Center, Orange County, Vermont
Local government entities determine property tax rates, which can vary significantly within a state. Each county estimates its necessary budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This process results in the property tax rate. While votes and laws influence the setting of tax rates and budgets, this is essentially the annual procedure.
In Thetford Center, located in Orange County, the effective property tax rate is 2.56%. This rate is notably higher than the national median property tax rate of 1.02%. Thetford Center’s rate reflects the county’s budgetary needs and the value of taxable properties. When comparing Thetford Center's rate to other cities in Vermont, it stands out as the highest in the state, matching the state’s highest median tax rate. This indicates a significant financial commitment to maintaining services and infrastructure.
With the national median property tax bill at $2,400, residents in Thetford Center can expect higher property tax bills due to the elevated rate. Understanding these rates is crucial for property owners when planning their finances and considering property investments in Vermont.
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 Center Tax Rate
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 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 Center, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05075 | 1.10% | 2.00% | 2.56% | 2.57% | 2.63% |
Source: Ownwell
Property Tax Assessment Values Across Thetford Center, Orange County, Vermont
When examining property taxes in Thetford Center, 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.
Assessment notices: 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 Center. For example, the median home price in Thetford Center is $235,010, with tax bills ranging significantly across the county. 05075 has the highest median home price at $235,010.
Property Tax Assessment Values Across Thetford Center, Orange County, Vermont
Source: Ownwell
$135,700
$218,350
$301,000
Median Thetford Center Market Value
$235,010
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 Center, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05075 | $135,696 | $176,925 | $235,010 | $325,365 | $444,444 |
Source: Ownwell
Property Tax Bills Across Thetford Center, Orange County, Vermont
Median Thetford Center Tax Bill
$5,204
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 Center, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05075 | $1,810 | $3,515 | $5,204 | $7,505 | $9,809 |
Source: Ownwell