West Dummerston, Vermont Property Taxes
The median property tax rate in West 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 West Dummerston at $239,200, the typical annual property tax bill reaches $4,215, exceeding the national median of $2,690. Property taxes in West 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 West 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 West Dummerston 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 Dummerston, 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 West Dummerston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Dummerston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West 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 West Dummerston, Vermont
Property taxes in West Dummerston, Vermont, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Dummerston is 1.76%, significantly higher than the U.S. national median of 0.99%. Local government entities within West Dummerston set these rates annually, and they can vary significantly across different neighborhoods. Each year, West 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 West Dummerston's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05357 zip code has the highest median property tax rate of 1.76%, while the 05357 zip code also has the lowest median tax rate of 1.76%. Understanding how these cities compare with West 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 West 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 West Dummerston, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05357 | 1.76% | 1.76% | 1.76% | 1.76% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across West Dummerston, Vermont
In West 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 West 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 West Dummerston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in West Dummerston is $239,200, with the highest and lowest median tax bills both being $4,215 in the 05357 zip code.
Property Tax Assessment Values Across West Dummerston, Vermont
Source: Ownwell
$126,350
$222,725
$319,100
Average West Dummerston Assessed Value
$239,200
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 West Dummerston, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05357 | $239,200 | $239,200 | $239,200 | $239,200 | $239,200 |
Source: Ownwell
Property Tax Bills Across West Dummerston, Vermont
In West Dummerston, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the town's assessor, who estimates the market value of your property. This value is then multiplied by the local tax rate to calculate the annual property tax bill. For instance, homeowners in West Dummerston, located in Windham County, face a median property tax bill of $4,215. Several factors influence the assessed value, including the property's size, location, and condition. Additionally, any improvements or renovations can increase the assessed value, leading to a higher tax bill. Homeowners should be aware that the tax rate in West Dummerston is higher than the national median property tax rate of 0.99%, which can significantly impact their annual expenses. Understanding how these factors contribute to the property tax calculation can help homeowners in West Dummerston plan their finances more effectively.
Average West Dummerston Tax Bill
$4,215
Average Windham County Tax Bill
$3,712
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across West Dummerston, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05357 | $4,215 | $4,215 | $4,215 | $4,215 | $4,215 |
Source: Ownwell