South Duxbury, Vermont Property Taxes
The median property tax rate in South Duxbury, VT is 2.15%, significantly higher than both the national median of 0.99% and the Vermont state median of 2.11%. With a median home value of $238,200 in South Duxbury, the typical annual property tax bill reaches $5,124, far exceeding the national median of $2,690. Property taxes in South Duxbury are calculated based on the assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding South Duxbury'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 South Duxbury 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
South Duxbury, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.15%
Estimate Property Tax Bill
$5,121
Ownwell’s South Duxbury Property Tax Bill Calculator empowers homeowners, real estate investors, and prospective buyers to easily estimate their annual property taxes in South Duxbury using just two key pieces of information. By inputting your property's estimated assessed value, the calculator utilizes the median tax rate in South Duxbury to provide an accurate estimate of your property tax bill. This valuable tool helps you gain a clear understanding of your potential tax obligations. For those interested in more granular details, neighborhood-level trends are available further down the page. Your property’s assessed value, determined by the county, serves as the basis for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across South Duxbury, Vermont
Property taxes in South Duxbury, Vermont, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in South Duxbury is 1.86%, significantly higher than both the Vermont state median of 1.86% and the U.S. national median of 0.99%. Local government entities within South Duxbury set these rates annually, and they can vary considerably across different neighborhoods. Each year, South Duxbury 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 South Duxbury's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05660 zip code has the highest median property tax rate of 1.86%, while the 05660 zip code also has the lowest median tax rate of 1.86%. Understanding how these areas compare with South Duxbury provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South Duxbury Tax Rate
2.15%
Average Washington County Tax Rate
2.08%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Duxbury, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05660 | 2.15% | 2.15% | 2.15% | 2.15% | 2.15% |
Source: Ownwell
Property Tax Assessment Values Across South Duxbury, Vermont
In South Duxbury, 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 Washington 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. 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 South Duxbury 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 $5,124 in the 05660 zip code.
Average South Duxbury Assessed Value
$238,200
Average Washington County Assessed Value
$205,330
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across South Duxbury, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05660 | $142,020 | $187,875 | $238,200 | $314,000 | $365,260 |
Source: Ownwell
Property Tax Bills Across South Duxbury, Vermont
In South Duxbury, property tax bills are calculated based on the assessed value of a homeowner's property. The local tax assessor evaluates the property to determine its assessed value, which is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. For homeowners in South Duxbury, the median home price is $238,200. The property tax rates in this area result in a range of tax bills. For example, the 25th percentile tax bill is $4,042, while the 75th percentile tax bill reaches $6,754, and the 90th percentile tax bill is as high as $7,857. These figures illustrate how property taxes can vary significantly within the community. Compared to the national median property tax rate of 0.99%, South Duxbury's property taxes can substantially impact homeowners, influencing their financial planning and overall cost of homeownership.
Average South Duxbury Tax Bill
$5,124
Average Washington County Tax Bill
$3,773
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across South Duxbury, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05660 | $3,059 | $4,042 | $5,124 | $6,754 | $7,857 |
Source: Ownwell