Ferrisburgh, Addison County, Vermont Property Taxes

Name: Property Tax Bills Across Ferrisburgh, Addison County, Vermont
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Ferrisburgh, VT effective property tax rate: 1.88%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%.
Median Ferrisburgh, VT home value: $280,500
Median annual Ferrisburgh, VT tax bill: $5,288, $2,888 higher than the national median property tax bill of $2,400.

How are property taxes in Addison calculated?

Property taxes in Ferrisburgh, VT are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Ferrisburgh's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ferrisburgh, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Ferrisburgh, Addison County, Vermont Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.88%

Estimate Property Tax Bill

$5,273

$4,894

Ownwell’s Ferrisburgh Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ferrisburgh with just two data points. By entering your property's estimated assessed value, our calculator applies Ferrisburgh’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Addison County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ferrisburgh, Addison County, Vermont

Local government entities in Vermont set tax rates, and these can vary significantly within the state. Annually, each county, including Addison, estimates its required budget to provide essential services. This budget is then divided by the total assessed value of all taxable property within the county, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.

In Ferrisburgh, located in Addison County, the effective property tax rate is a point of comparison against other cities in Vermont and nationally. Vermont's median property tax rate is 1.88%, which is notably higher than the national median of 1.02%. This difference highlights Vermont's relatively higher property tax burden compared to many other states. Ferrisburgh's rate aligns with the state's median, emphasizing the importance of understanding local property tax dynamics. Comparing these rates can provide valuable insights for property owners considering appeals or exemptions, ensuring they are well-informed about their tax liabilities and potential savings opportunities.

Property Tax Rates Across Ferrisburgh, Addison County, Vermont

Source: Ownwell

1.55%

2.12%

2.69%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Ferrisburgh Tax Rate

1.88%

Median Effective Addison County Tax Rate

2.21%

Median Effective Vermont Tax Rate

2.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ferrisburgh, Addison County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
05456	1.88%	1.88%	1.88%	1.88%	1.88%

Source: Ownwell

Property Tax Assessment Values Across Ferrisburgh, Addison County, Vermont

When examining property taxes in Ferrisburgh, VT, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Addison County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Addison County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Ferrisburgh. For example, the median home price in Ferrisburgh is $280,500, with tax bills ranging significantly across the county. 05456 has the highest median home price at $280,500.

Property Tax Assessment Values Across Ferrisburgh, Addison County, Vermont

Source: Ownwell

$48,850

$211,200

$373,550

Median Ferrisburgh Market Value

$280,500

Median Addison County Market Value

$233,600

Median Vermont Market Value

$199,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ferrisburgh, Addison County, Vermont

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
05456	$147,020	$212,100	$280,500	$378,700	$478,500

Source: Ownwell

Property Tax Bills Across Ferrisburgh, Addison County, Vermont

In Ferrisburgh, located in Addison County, VT, property tax bills are calculated by assessing the market value of a home and applying the local tax rate. The median home price in the area is $280,500, and the property tax bill can vary significantly. For instance, the 25th percentile tax bill is $3,992, while the 75th percentile reaches $7,132, and the 90th percentile climbs to $8,972. These figures show that property taxes in Ferrisburgh can be considerably higher than the national median property tax bill of $2,400. Homeowners in Ferrisburgh may find their property taxes to be a substantial part of their annual expenses. This is where Ownwell can be a valuable resource. By offering property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills. Our expertise in navigating the complex property tax system can lead to significant savings, ensuring that homeowners in Ferrisburgh pay only what is fair.

Property Tax Bills Across Ferrisburgh, Addison County, Vermont

Source: Ownwell

$1,078

$4,351

$7,624

Median Ferrisburgh Tax Bill

$5,288

Median Addison County Tax Bill

$5,451

Median Vermont Tax Bill

$3,843

Median United States Tax Bill

$2,400

Property Tax Bills Across Ferrisburgh, Addison County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
05456	$2,765	$3,992	$5,288	$7,132	$8,972

Source: Ownwell