Glover, Vermont Property Taxes
The median property tax rate in Glover, VT is 1.91%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Glover, the typical annual property tax bill reaches $3,552, exceeding the national median of $2,690. Property taxes in Glover 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 Glover'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 Glover 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
Glover, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$3,606
Ownwell’s Glover Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glover 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 Glover, Vermont
Property taxes in Glover, Vermont, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glover is 1.91%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within Glover set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glover 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 Glover's effective property tax rate to other counties in Vermont and the national median. For comparison, the zip code 05839 has the highest median property tax rate of 1.91%, while the same zip code also shows the lowest median tax rate of 1.91%. Understanding how these cities compare with Glover provides valuable insights into the varying tax landscape across Orleans County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glover Tax Rate
1.91%
Average Orleans County Tax Rate
2.04%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glover, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05839 | 1.62% | 1.79% | 1.91% | 2.04% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Glover, Vermont
In Glover, 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. In Glover, 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 instance, the median home price in Glover is $188,800, with annual tax bills ranging from $2,266 at the 25th percentile to $6,700 at the 90th percentile. The zip code 05839 has the highest and lowest median tax bill at $3,552. Being aware of these valuation processes in Glover helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Glover Assessed Value
$188,800
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 Glover, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05839 | $80,920 | $120,600 | $188,800 | $252,800 | $354,360 |
Source: Ownwell
Property Tax Bills Across Glover, Vermont
In Glover, Orleans County, VT, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Glover can expect a median home price of $188,800, which serves as a baseline for these calculations. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, homes in the 25th percentile of tax bills pay around $2,266, while those in the 75th percentile pay approximately $4,969. At the higher end, the 90th percentile of homeowners face tax bills up to $6,700. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Glover's tax rates may seem higher, but they ensure the community benefits from well-maintained public services and amenities. This can impact homeowners by contributing to higher overall living costs but also enhancing property values and quality of life.
Average Glover Tax Bill
$3,552
Average Orleans County Tax Bill
$3,124
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Glover, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05839 | $1,460 | $2,266 | $3,552 | $4,969 | $6,700 |
Source: Ownwell