Quechee, Vermont Property Taxes
The median property tax rate in Quechee, VT is 2.76%, considerably higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in Quechee at $244,750, the typical annual property tax bill reaches $6,584, exceeding the national median of $2,690. Property taxes in Quechee 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 Quechee'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 Quechee or another part of Windsor County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Quechee, 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 Quechee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quechee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quechee 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 Quechee, Vermont
Property taxes in Quechee, Vermont, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Quechee is 2.76%, significantly higher than the U.S. national median of 0.99%. Local government entities within Quechee set these rates annually, and they can vary across different neighborhoods. Each year, Quechee 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 Quechee's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05059 zip code has the highest median property tax rate of 2.76%, while the same zip code also has the lowest median tax rate of 2.76%. Understanding how these cities compare with Quechee provides valuable insights into the varying tax landscape across Windsor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Quechee Tax Rate
2.76%
Average Windsor County Tax Rate
2.21%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quechee, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05059 | 2.73% | 2.76% | 2.76% | 2.76% | 2.76% |
Source: Ownwell
Property Tax Assessment Values Across Quechee, Vermont
In Quechee, 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 Windsor 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 Quechee, 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 Quechee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Quechee are both $6,584 in the 05059 zip code.
Average Quechee Assessed Value
$244,750
Average Windsor County Assessed Value
$205,000
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Quechee, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05059 | $88,300 | $141,300 | $244,750 | $359,150 | $505,070 |
Source: Ownwell
Property Tax Bills Across Quechee, Vermont
In Quechee, Windsor 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 assessment office, which evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and market conditions. For instance, the median home price in Quechee is $244,750, and property taxes can vary significantly. Homeowners in the 25th percentile of tax bills pay around $3,836 annually, while those in the 75th percentile face bills of up to $9,735. In the 90th percentile, tax bills can reach $13,793. These taxes impact homeowners by contributing to local services such as schools, emergency services, and infrastructure. With the national median property tax rate at 0.99%, understanding these local variations helps homeowners anticipate their financial obligations and plan accordingly.
Average Quechee Tax Bill
$6,584
Average Windsor County Tax Bill
$4,455
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Quechee, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05059 | $2,434 | $3,836 | $6,584 | $9,735 | $13,793 |
Source: Ownwell