West Windsor, Vermont Property Taxes
The median property tax rate in West Windsor, VT is 2.17%, significantly higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in West Windsor at $298,000, the typical annual property tax bill reaches $6,435, far exceeding the national median of $2,690. Property taxes in West Windsor are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding West Windsor'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 Windsor 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 Windsor, 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 WINDSOR Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST WINDSOR with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST WINDSOR 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 Windsor, Vermont
Property taxes in West Windsor, Vermont, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Windsor is 2.17%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within West Windsor set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Windsor 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 Windsor's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05089 zip code has both the highest and lowest median property tax rate of 2.17%. Understanding how these cities compare with West Windsor 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 West Windsor Tax Rate
2.17%
Average Windsor County Tax Rate
2.21%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Windsor, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05089 | 2.17% | 2.17% | 2.17% | 2.17% | 2.17% |
Source: Ownwell
Property Tax Assessment Values Across West Windsor, Vermont
In West Windsor, 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 local 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 Windsor, 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. The median home price in West Windsor is $298,000, with tax bills ranging from $3,946 at the 25th percentile to $13,941 at the 90th percentile. The highest and lowest median tax bills, both at $6,435, are found in zip code 05089. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average West Windsor Assessed Value
$298,000
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 West Windsor, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05089 | $117,020 | $185,300 | $298,000 | $420,300 | $652,040 |
Source: Ownwell
Property Tax Bills Across West Windsor, Vermont
Property tax bills in West Windsor, VT, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is an estimate of the property's market value as determined by the local assessor's office. Factors such as property size, location, and improvements can influence this assessed value. Homeowners in West Windsor experience a range of tax bills, with the 25th percentile at $3,946 and the 75th percentile reaching $9,106. The 90th percentile tax bill can be as high as $13,941. Comparatively, the highest median tax bill in Windsor County is $6,435, which is notably higher than the national median property tax rate of 0.99%. These property tax bills significantly impact homeowners, contributing to their annual housing costs. Understanding how these taxes are calculated can help homeowners better anticipate their financial obligations and plan accordingly.
Average West Windsor Tax Bill
$6,435
Average Windsor County Tax Bill
$4,455
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across West Windsor, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05089 | $2,140 | $3,946 | $6,435 | $9,106 | $13,941 |
Source: Ownwell