Bennington, Bennington County, Vermont Property Taxes

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

Median Bennington, VT effective property tax rate: 3.05%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%.
Median Bennington, VT home value: $133,500
Median annual Bennington, VT tax bill: $3,963, $1,563 higher than the national median property tax bill of $2,400.

How are property taxes in Bennington calculated?

Property taxes in Bennington, 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 Bennington’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bennington, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Bennington, Bennington County, Vermont Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.05%

Estimate Property Tax Bill

$4,072

$3,778

Ownwell’s Bennington Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bennington with just two data points.

By entering your property's estimated assessed value, our calculator applies Bennington’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 Bennington County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bennington, Bennington County, Vermont

Local government entities set tax rates, which can vary widely within a state. This is because 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 Bennington, Vermont, property tax rates are notably higher than the national average. The effective property tax rate in Bennington stands out, as it is significantly above the national median property tax rate of 1.02%. This means homeowners in Bennington may find themselves paying a higher percentage of their property's assessed value in taxes compared to other regions across the United States. For residents, understanding how these rates compare to both state and national figures can be crucial in financial planning and property investment decisions. Comparing Bennington’s effective property tax rate to other cities in Vermont and the median property tax rates in Vermont and the U.S. offers valuable insights for potential homebuyers and current property owners alike.

Property Tax Rates Across Bennington, Bennington County, Vermont

Source: Ownwell

0.63%

5.43%

10.23%

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 Bennington Tax Rate

3.05%

Median Effective Bennington County Tax Rate

2.14%

Median Effective Vermont Tax Rate

2.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bennington, Bennington County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
05201	3.05%	3.05%	3.05%	3.05%	3.05%

Source: Ownwell

Property Tax Assessment Values Across Bennington, Bennington County, Vermont

When examining property taxes in Bennington, 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 Bennington 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 Bennington 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 Bennington.

For example, the median home price in Bennington is $133,500, with tax bills ranging significantly across the county. Zip code 05201 has the highest median home price at $133,500.

Property Tax Assessment Values Across Bennington, Bennington County, Vermont

Source: Ownwell

$117,100

$265,583

$414,065

Median Bennington Market Value

$133,500

Median Bennington County Market Value

$189,500

Median Vermont Market Value

$199,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bennington, Bennington County, Vermont

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
05201	$49,770	$101,575	$133,500	$172,125	$243,660

Source: Ownwell

Property Tax Bills Across Bennington, Bennington County, Vermont

In Bennington, VT, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Bennington is $133,500, and property tax bills can vary significantly. For instance, homeowners in the 25th percentile pay around $3,008, while those in the 75th percentile face bills of approximately $5,080. The 90th percentile sees tax bills soar to $7,025. These figures highlight the importance of understanding how property taxes are determined and the impact they can have on a homeowner's finances. Compared to the national median property tax rate of 1.02% and a median bill of $2,400, Bennington's property tax bills are considerably higher, reflecting the local tax rate and assessed values. Ownwell can assist homeowners by identifying potential savings through tax appeals and exemptions. By leveraging expert knowledge and local insights, Ownwell helps ensure that homeowners in Bennington are not overpaying on their property taxes, potentially saving them significant amounts annually.

Property Tax Bills Across Bennington, Bennington County, Vermont

Source: Ownwell

$2,091

$4,455

$6,818

Median Bennington Tax Bill

$3,963

Median Bennington County Tax Bill

$4,152

Median Vermont Tax Bill

$3,843

Median United States Tax Bill

$2,400

Property Tax Bills Across Bennington, Bennington County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
05201	$1,387	$3,008	$3,963	$5,080	$7,025

Source: Ownwell