Athens, Vermont Property Taxes
The median property tax rate in Athens, VT is 2.73%, significantly higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Athens, the typical annual property tax bill reaches $8,898, far exceeding the national median of $2,690. Property taxes in Athens 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 Athens'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 Athens 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
Athens, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.73%
Estimate Property Tax Bill
$4,038
Ownwell’s Athens Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Athens. Simply input your property's estimated assessed value, and the calculator will apply the median tax rate for Athens to give you an accurate estimate of your property tax bill. This tool provides a clear understanding of your potential tax liabilities, helping you make informed financial decisions. For those interested in more granular trends, additional localized information is available further down the page. Remember, your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring an accurate calculation for tax purposes.
Property Tax Rates Across Athens, Vermont
Property taxes in Athens, Vermont, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Athens is 2.73%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within Athens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Athens 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 Athens' effective property tax rate to other regions in Vermont and the national median. For comparison, the 05143 zip code has the highest median property tax rate of 2.73%, while the same zip code also has the lowest median tax rate of 2.73%. Understanding how these areas compare with Athens provides valuable insights into the varying tax landscape across Windham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Athens Tax Rate
2.73%
Average Windham County Tax Rate
2.04%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Athens, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05143 | 2.73% | 2.73% | 2.73% | 2.73% | 2.73% |
Source: Ownwell
Property Tax Assessment Values Across Athens, Vermont
In Athens, 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 Windham 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 Athens, 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 Athens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Athens both amount to $8,898, found in the 05143 zip code.
Average Athens Assessed Value
$147,900
Average Windham County Assessed Value
$195,000
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Athens, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05143 | $53,770 | $89,325 | $147,900 | $216,625 | $294,840 |
Source: Ownwell
Property Tax Bills Across Athens, Vermont
In Athens, VT, property tax bills are determined based on the assessed value of a homeowner's property. The assessed value is an estimate of the property's market value, which is then multiplied by the local tax rate to calculate the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Athens face a median property tax rate that is significantly higher than the national median of 0.99%. For instance, the median home price in Athens is $147,900, and the tax bill across various percentiles (25th, 75th, and 90th) is consistently reported at $8,898. This figure underscores the substantial tax burden on homeowners in the area. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and resale value. Understanding these factors is crucial for homeowners as they budget for their annual expenses and consider the long-term financial implications of their property investment.
Average Athens Tax Bill
$8,898
Average Windham County Tax Bill
$3,712
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Athens, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05143 | $8,898 | $8,898 | $8,898 | $8,898 | $8,898 |
Source: Ownwell