Marlboro, Vermont Property Taxes
The median property tax rate in Marlboro, VT is 2.04%, significantly higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Marlboro at $235,700, the typical annual property tax bill reaches $4,809, far exceeding the national median of $2,690. Property taxes in Marlboro are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Marlboro'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 Marlboro 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
Marlboro, Vermont Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.11%
Estimate Property Tax Bill
$4,220
Ownwell’s Marlboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marlboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marlboro 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 Marlboro, Vermont
Property taxes in Marlboro, Vermont, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marlboro is 2.04%, significantly higher than the U.S. national median of 0.99%. Local government entities within Marlboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marlboro 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. For comparison, the ZIP code 05344 has the highest median property tax rate of 2.04%, while the same ZIP code also has the lowest median tax rate of 2.04%. Understanding how these figures compare with Marlboro 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 Marlboro Tax Rate
2.04%
Average Windham County Tax Rate
2.04%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marlboro, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05344 | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Marlboro, Vermont
In Marlboro, 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 Marlboro, 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 Marlboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Marlboro is $235,700, with the highest median tax bill at $4,809 in the 05344 zip code.
Average Marlboro Assessed Value
$235,700
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 Marlboro, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05344 | $82,040 | $155,900 | $235,700 | $330,050 | $437,860 |
Source: Ownwell
Property Tax Bills Across Marlboro, Vermont
In Marlboro, located in Windham County, VT, property tax bills are determined based on the assessed value of a property and the local tax rate. The assessed value is an estimate of a property's market value as determined by the town's assessor. This value is then multiplied by the local property tax rate to calculate the annual tax bill. For instance, with a median home price of $235,700, homeowners can expect a significant range in their tax bills. At the 25th percentile, tax bills are around $3,103, while at the 75th percentile, they rise to approximately $6,734. For those at the 90th percentile, tax bills can reach up to $8,931. These figures highlight the variability in tax bills based on property values and assessment accuracy. Compared to the national median property tax rate of 0.99%, Marlboro's property tax rates can significantly impact homeowners, influencing their financial planning and overall cost of living. The highest and lowest median tax bills in the area are both recorded at $4,809 in the zip code 05344, reflecting a consistent yet impactful tax environment.
Average Marlboro Tax Bill
$4,809
Average Windham County Tax Bill
$3,712
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Marlboro, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05344 | $1,687 | $3,103 | $4,809 | $6,734 | $8,931 |
Source: Ownwell