Richford, Orleans County, Vermont Property Taxes
Median Richford, VT effective property tax rate: 1.82%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%.
Median Richford, VT home value: $148,850
Median annual Richford, VT tax bill: $2,714, $314 higher than the national median property tax bill of $2,400.
How are property taxes in Orleans County calculated?
Property taxes in Richford, 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 Richford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Richford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Richford, Orleans County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.82%
Estimate Property Tax Bill
$2,709
$2,514
Property Tax Rates Across Richford, Orleans County, Vermont
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Annually, each county calculates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This results in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is the general yearly process.
In Richford, located in Orleans County, VT, the effective property tax rate is a topic of interest for property owners. Compared to other cities in Vermont, Richford's rate reflects the county's specific budgetary needs and property values. The median property tax rate for Vermont is 1.82%, which is notably higher than the national median of 1.02%. This difference highlights the variation in tax rates across the country. Understanding these rates can help property owners make informed decisions about their investments and financial planning.
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 Richford Tax Rate
1.82%
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 Orleans County Tax Rate
2.04%
Median Effective Vermont Tax Rate
2.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Richford, Orleans County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05476 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Richford, Orleans County, Vermont
When examining property taxes in Richford, Vermont, 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 Orleans 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 Orleans County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Richford. For example, the median home price in Richford is $148,850, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Richford, Orleans County, Vermont
Source: Ownwell
$29,350
$131,600
$233,850
Median Richford Market Value
$148,850
Median Orleans County Market Value
$150,000
Median Vermont Market Value
$199,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Richford, Orleans County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05476 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Richford, Orleans County, Vermont
In Richford, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the home's market value, influenced by factors such as location, size, and condition. For homeowners in Richford, the property tax bills range widely, with the 25th percentile at $1,293, significantly below the national median of $2,400. However, at the 75th percentile, bills soar to $4,266, and can reach up to $4,795 at the 90th percentile, reflecting a considerable financial burden for some homeowners.
Ownwell assists homeowners by providing expert property tax appeal services, aiming to reduce these hefty tax bills. By analyzing assessment discrepancies and leveraging local market insights, Ownwell identifies opportunities for savings. With a proven track record in property tax reduction, Ownwell can help homeowners in Richford ensure their property taxes are fair, potentially saving them thousands of dollars annually. This service not only alleviates financial strain but also enhances property value over time.
Median Richford Tax Bill
$2,714
Median Orleans County Tax Bill
$3,124
Median Vermont Tax Bill
$3,843
Median United States Tax Bill
$2,400
Property Tax Bills Across Richford, Orleans County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05476 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell