West Haven, Vermont Property Taxes
The median property tax rate in West Haven, VT is 1.51%, 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 Haven, the typical annual property tax bill reaches $2,827, exceeding the national median of $2,690. Property taxes in West Haven 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 Haven'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 Haven 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
West Haven, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$2,825
Ownwell’s West Haven Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Haven with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Haven 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 Haven, Vermont
Property taxes in West Haven, VT, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Haven is 1.51%, significantly higher than the U.S. national median of 0.99%. Local government entities within West Haven set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Haven 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 Haven's effective property tax rate to other areas in Rutland County and the national median. For comparison, the zip code 05743 has the highest median property tax rate of 1.51%, while the lowest median tax rate in the same zip code is also 1.51%. Understanding how these areas compare with West Haven provides valuable insights into the varying tax landscape across Rutland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average West Haven Tax Rate
1.51%
Average Rutland County Tax Rate
1.74%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Haven, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05743 | 1.51% | 1.51% | 1.51% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across West Haven, Vermont
In West Haven, 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 West Haven, 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 Haven helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in West Haven is $2,827 in the 05743 zip code, while the lowest median tax bill is also $2,827 in the same zip code.
Average West Haven Assessed Value
$187,100
Average Rutland County Assessed Value
$162,600
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across West Haven, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05743 | $102,500 | $135,500 | $187,100 | $270,800 | $420,460 |
Source: Ownwell
Property Tax Bills Across West Haven, Vermont
In West Haven, located in Rutland County, VT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value determined by the town's assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in West Haven face varying tax bills, with the 25th percentile at $2,049 and the 75th percentile reaching $4,108. For those in the 90th percentile, the tax bill can be as high as $6,743. The median home price in West Haven stands at $187,100, making the property tax rate relatively high compared to the national median property tax rate of 0.99%. This can significantly impact homeowners, especially those with higher-valued properties, as they may face substantial annual tax obligations. Understanding these factors can help homeowners better anticipate and manage their property tax responsibilities.
Average West Haven Tax Bill
$2,827
Average Rutland County Tax Bill
$2,337
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across West Haven, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05743 | $1,611 | $2,049 | $2,827 | $4,108 | $6,743 |
Source: Ownwell