Orleans, Vermont Property Taxes
The median property tax rate in Orleans, VT is 2.04%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Orleans at $130,300, the typical annual property tax bill reaches $2,933, exceeding the national median of $2,690. Property taxes in Orleans 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 Orleans'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 Orleans 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
Orleans, Vermont Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.11%
Estimate Property Tax Bill
$4,220
Ownwell’s Orleans Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a quick way to estimate their annual property taxes in Orleans, VT with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Orleans to estimate your property tax bill. This valuable tool helps you anticipate potential tax liabilities. For those looking to delve deeper into neighborhood-specific trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Orleans, Vermont
Property taxes in Orleans, Vermont, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orleans is 2.04%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within Orleans set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orleans 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 Orleans' effective property tax rate to other counties in Vermont and the national median. For comparison, the 05860 zip code has the highest median property tax rate of 2.04%, while the same zip code also has the lowest median tax rate of 2.04%. Understanding how these cities compare with Orleans 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 Orleans Tax Rate
2.04%
Average Orleans County Tax Rate
2.04%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orleans, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05860 | 1.60% | 2.01% | 2.04% | 2.29% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Orleans, Vermont
In Orleans, 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 local 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 Orleans, 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 Orleans helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Orleans is 05860, with a median tax bill of $2,933.
Average Orleans Assessed Value
$130,300
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 Orleans, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05860 | $54,340 | $83,800 | $130,300 | $198,500 | $298,780 |
Source: Ownwell
Property Tax Bills Across Orleans, Vermont
In Orleans, 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. For instance, with a median home price of $130,300, homeowners in Orleans can expect varying tax bills depending on their property's specific assessed value and applicable exemptions. Several factors influence the final tax bill, including the property's location within Orleans County, any applicable exemptions, and the specific tax rate set by local authorities. The tax bill can significantly impact homeowners, with the 25th percentile tax bill at $1,837 and the 75th percentile at $4,078, reflecting a wide range of potential costs. At the higher end, the 90th percentile tax bill reaches $5,846. This variability underscores the importance of understanding local property tax assessments and rates, as they can substantially affect the financial obligations of homeowners in Orleans.
Average Orleans Tax Bill
$2,933
Average Orleans County Tax Bill
$3,124
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Orleans, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05860 | $1,141 | $1,837 | $2,933 | $4,078 | $5,846 |
Source: Ownwell