North Ferrisburgh, Addison County, Vermont Property Taxes
Median North 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 North Ferrisburgh, VT home value: $283,800
Median annual North Ferrisburgh, VT tax bill: $5,830, $3,430 higher than the national median property tax bill of $2,400.
How are property taxes in Addison calculated?
Property taxes in North 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 North Ferrisburgh’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in North Ferrisburgh, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
North Ferrisburgh, Addison County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.88%
Estimate Property Tax Bill
$5,335
$4,951
Property Tax Rates Across North Ferrisburgh, Addison County, Vermont
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In North Ferrisburgh, located in Addison County, Vermont, the effective property tax rate stands at 1.88%, which is higher than the national median of 1.02%. This rate is consistent across the county, with no significant variation between different areas. When compared to the national median property tax bill of $2,400, residents in North Ferrisburgh might find their bills to be relatively higher, reflecting the higher tax rate. Understanding these rates can help property owners plan their finances better and explore potential savings through property tax appeals or exemptions. By staying informed about local tax trends, homeowners can make strategic decisions to manage their tax liabilities effectively.
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 North Ferrisburgh Tax Rate
1.88%
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 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 North Ferrisburgh, Addison County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05473 | 1.88% | 1.88% | 1.88% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across North Ferrisburgh, Addison County, Vermont
When examining property taxes in North 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 May. 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 North Ferrisburgh. For example, the median home price in North Ferrisburgh is $283,800, with tax bills ranging significantly across the county. 05473 has the highest median home price at $283,800.
Property Tax Assessment Values Across North Ferrisburgh, Addison County, Vermont
Source: Ownwell
$48,850
$211,200
$373,550
Median North Ferrisburgh Market Value
$283,800
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 North Ferrisburgh, Addison County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05473 | $122,700 | $205,900 | $283,800 | $360,000 | $441,140 |
Source: Ownwell
Property Tax Bills Across North Ferrisburgh, Addison County, Vermont
Property Tax Bills Across North Ferrisburgh, Addison County, Vermont
Source: Ownwell
$1,078
$4,351
$7,624
Median North Ferrisburgh Tax Bill
$5,830
Median Addison County Tax Bill
$5,451
Median Vermont Tax Bill
$3,843
Median United States Tax Bill
$2,400
Property Tax Bills Across North Ferrisburgh, Addison County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05473 | $3,302 | $4,435 | $5,830 | $7,246 | $8,542 |
Source: Ownwell