Dummerston, Vermont Property Taxes
The median property tax rate in Dummerston, VT is 1.76%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Dummerston at $228,700, the typical annual property tax bill reaches $4,002, exceeding the national median of $2,690. Property taxes in Dummerston 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 Dummerston'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 Dummerston or another part of Windham County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dummerston, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.76%
Estimate Property Tax Bill
$4,025
Ownwell’s Dummerston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dummerston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dummerston 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 Dummerston, Vermont
Property taxes in Dummerston, Vermont, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Dummerston is 1.76%, significantly higher than the U.S. national median of 0.99%. Local government entities within Dummerston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dummerston 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 Dummerston's effective property tax rate to other areas in Windham County and the national median. For comparison, the zip code 05301 has the highest median property tax rate of 1.76%, while the same zip code also has the lowest median tax rate of 1.76%. Understanding how these areas compare with Dummerston 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 Dummerston Tax Rate
1.76%
Average Windham County Tax Rate
2.04%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dummerston, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05301 | 1.76% | 1.76% | 1.76% | 1.76% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Dummerston, Vermont
In Dummerston, 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 Dummerston, 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 Dummerston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Windham County are both $4002, found in zip code 05301.
Average Dummerston Assessed Value
$228,700
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 Dummerston, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05301 | $101,200 | $164,100 | $228,700 | $304,600 | $397,800 |
Source: Ownwell
Property Tax Bills Across Dummerston, Vermont
In Dummerston, Windham County, VT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the town's assessor and reflects the market value of the property. Homeowners in Dummerston face a median property tax bill that can vary significantly depending on their home's value. For instance, the 25th percentile tax bill is around $2,848, while the 75th percentile tax bill can reach up to $5,378. At the 90th percentile, homeowners might see tax bills as high as $7,053. The local tax rate plays a crucial role in determining the final tax bill, and it is applied to the assessed value of the property. This rate can fluctuate based on budgetary needs for public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, homeowners in Dummerston may experience higher property tax bills, particularly if their property's assessed value is above the median home price of $228,700. These factors combined can significantly impact the financial planning and budgeting of homeowners in the region.
Average Dummerston Tax Bill
$4,002
Average Windham County Tax Bill
$3,712
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Dummerston, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05301 | $1,734 | $2,848 | $4,002 | $5,378 | $7,053 |
Source: Ownwell