West Glover, Orleans County, Vermont Property Taxes
The median property tax rate in West Glover, VT is 2.00%, 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 Glover, the typical annual property tax bill reaches $4,124, exceeding the national median of $2,690. Property taxes in West 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 West 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 West Glover 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 Glover, Orleans County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2%
Estimate Property Tax Bill
$3,966
$3,680
Ownwell’s WEST GLOVER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST GLOVER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST 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 West Glover, Orleans County, Vermont
Property taxes in West 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 West Glover is 2.00%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within West Glover set these rates annually, and they can vary significantly across different neighborhoods. Each year, West 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 West Glover's effective property tax rate to other areas in Vermont and the national median. For comparison, the ZIP code 05875 has the highest median property tax rate of 2.00%, while the same ZIP code also has the lowest median tax rate of 2.00%. Understanding how these rates compare with West 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 West Glover Tax Rate
2.00%
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 Glover, Orleans County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05875 | 1.73% | 1.83% | 2.00% | 2.03% | 2.85% |
Source: Ownwell
Property Tax Assessment Values Across West Glover, Orleans County, Vermont
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in West Glover, Vermont. 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. In West Glover, the median home price stands at $198,300. The tax bill for the 25th percentile is $2,977, while the 75th percentile tax bill is $5,609. The 90th percentile tax bill reaches $7,962. The zip code with the highest and lowest median tax bill is 05875, both standing at $4,124. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Property Tax Assessment Values Across West Glover, Orleans County, Vermont
Source: Ownwell
$29,350
$131,600
$233,850
Average West Glover Assessed Value
$198,300
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 West Glover, Orleans County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05875 | $98,300 | $149,100 | $198,300 | $285,500 | $412,100 |
Source: Ownwell
Property Tax Bills Across West Glover, Orleans County, Vermont
In West Glover, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate set by Orleans County to determine the annual tax bill. For example, a home with a median market price of $198,300 can expect a tax bill that varies significantly depending on the assessed value and applicable exemptions. Factors such as property size, location, and improvements play a crucial role in determining the assessed value. Homeowners in West Glover experience a wide range of tax bills, with the 25th percentile paying around $2,977 and the 75th percentile paying up to $5,609. The highest tax bills, reaching the 90th percentile, can be as much as $7,962. Compared to the national median property tax rate of 0.99%, West Glover's property taxes can be relatively high. This impacts homeowners by influencing their overall housing costs and potentially affecting their long-term financial planning and homeownership affordability.
Average West Glover Tax Bill
$4,124
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 Glover, Orleans County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05875 | $1,921 | $2,977 | $4,124 | $5,609 | $7,962 |
Source: Ownwell