West Charleston, Orleans County, Vermont Property Taxes
The median property tax rate in West Charleston, VT is 2.29%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in West Charleston at $154,050, the typical annual property tax bill reaches $3,268, exceeding the national median of $2,690. Property taxes in West Charleston 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 West Charleston'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 West Charleston or another part of Orleans County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
West Charleston, Orleans County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.29%
Estimate Property Tax Bill
$3,528
$3,274
Ownwell’s WEST CHARLESTON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST CHARLESTON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST CHARLESTON 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 West Charleston, Orleans County, Vermont
Property taxes in West Charleston, Vermont, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Charleston is 2.29%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within West Charleston set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Charleston 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 West Charleston's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05872 zip code has both the highest and lowest median property tax rate of 2.29%. Understanding how these cities compare with West Charleston 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 West Charleston Tax Rate
2.29%
Average Orleans County Tax Rate
2.04%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Charleston, Orleans County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05872 | 1.89% | 2.29% | 2.29% | 2.29% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across West Charleston, Orleans County, Vermont
In West Charleston, 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 West Charleston, 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 West Charleston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,268 in zip code 05872, while the lowest is also $3,268 in the same zip code.
Property Tax Assessment Values Across West Charleston, Orleans County, Vermont
Source: Ownwell
$29,350
$131,600
$233,850
Average West Charleston Assessed Value
$154,050
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 West Charleston, Orleans County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05872 | $52,270 | $96,800 | $154,050 | $247,650 | $362,650 |
Source: Ownwell
Property Tax Bills Across West Charleston, Orleans County, Vermont
Property tax bills in West Charleston, Orleans County, VT are calculated based on the assessed value of a property and the local tax rate. The median home price in this area is $154,050. To determine a homeowner's tax bill, the assessed value of the property is multiplied by the local tax rate. Factors such as property improvements, market conditions, and neighborhood characteristics can influence the assessed value. Homeowners in West Charleston experience varying tax bills depending on their property values. For instance, the 25th percentile tax bill is $1,938, while the 75th percentile reaches $5,269, and the 90th percentile hits $8,083. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. These tax bills significantly impact homeowners by influencing their overall housing costs. Higher property taxes can affect affordability and the long-term financial planning of residents. Understanding these factors is crucial for homeowners to anticipate and manage their annual property tax obligations effectively.
Average West Charleston Tax Bill
$3,268
Average Orleans County Tax Bill
$3,124
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across West Charleston, Orleans County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05872 | $1,170 | $1,938 | $3,268 | $5,269 | $8,083 |
Source: Ownwell