Coventry, Orleans County, Vermont Property Taxes
The median property tax rate in Coventry, VT is 1.21%, notably higher than the national median of 0.99% yet significantly lower than the Vermont state median of 2.11%. With a median home value in Coventry of $126,500, the typical annual property tax bill amounts to $1,569, which is below the national median of $2,690. Property taxes in Coventry are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Coventry's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Coventry or another part of Orleans County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coventry, Orleans County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$1,531
$1,420
Ownwell’s Coventry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coventry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coventry 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 Coventry, Orleans County, Vermont
Property taxes in Coventry, Vermont, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coventry is 1.21%, significantly higher than the U.S. national median of 0.99%. Local government entities within Coventry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coventry 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. Understanding how Coventry's effective property tax rate compares to other areas in Orleans County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coventry Tax Rate
1.21%
Average Orleans County Tax Rate
2.04%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coventry, Orleans County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05825 | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Coventry, Orleans County, Vermont
In Coventry, 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 Orleans 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. 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. Coventry's median home price is $126,500, with tax bills ranging widely. For example, the 25th percentile tax bill is $726, while the 75th percentile tax bill is $2,397. The highest median tax bill in the area is $1,569, found in zip code 05825. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Coventry, Orleans County, Vermont
Source: Ownwell
$29,350
$131,600
$233,850
Average Coventry Assessed Value
$126,500
Average Orleans County Assessed Value
$150,000
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coventry, Orleans County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05825 | $28,500 | $58,650 | $126,500 | $197,700 | $306,000 |
Source: Ownwell
Property Tax Bills Across Coventry, Orleans County, Vermont
In Coventry, VT, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Coventry is $126,500. Homeowners can expect a tax bill that varies significantly, with the 25th percentile at $726 and the 75th percentile reaching $2,397. For those in the 90th percentile, tax bills can be as high as $3,655. Factors influencing these bills include the assessed value of the property, local tax rates, and any applicable exemptions or deductions. For example, properties in the zip code 05825 have a median tax bill of $1,569, which is the highest in Orleans County. Compared to the national median property tax rate of 0.99%, Coventry's tax rates can seem relatively high or low depending on the specific assessed value and exemptions applied. This range in tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Coventry Tax Bill
$1,569
Average Orleans County Tax Bill
$3,124
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Coventry, Orleans County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05825 | $378 | $726 | $1,569 | $2,397 | $3,655 |
Source: Ownwell