Vermont (VT) property tax rate: 1.78% | Median home: $355,000 | Median annual tax: $6,319
Vermont is a scenic New England state with a growing remote-work market. The average effective property tax rate in Vermont is 1.78%, which is above the national average of 1.1%.
On the median Vermont home valued at $355,000, annual property taxes come to approximately $6,319 or $527/month. This is a significant part of your total housing cost and should be factored into any home purchase budget.
Pro tip: Vermont funds schools through a statewide property tax — rates vary significantly by town.
Combined with Vermont's state income tax rate of 8.75%, homeowners should consider the total tax picture. Property taxes in Vermont are a major expense — budget carefully.
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Vermont has an average effective property tax rate of 1.78%. On the median home value of $355,000, that equals approximately $6,319 per year or $527 per month.
Property taxes in Vermont are calculated by multiplying your home assessed value by the local tax rate. The assessed value may differ from market value depending on your county assessment ratio. Exemptions like homestead exemptions can reduce your taxable value.
Vermont funds schools through a statewide property tax — rates vary significantly by town.
Vermont property taxes are above the national average of 1.1%. Budget carefully for this significant expense when buying a home here.
Property tax due dates vary by county in Vermont. Most counties offer semi-annual payments. Check with your county tax assessor office for specific due dates. Late payments typically incur penalties of 1-2% per month.