Shaftsbury, Bennington County, Vermont Property Taxes
Median Shaftsbury, VT effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, but lower than the Vermont state median of 2.11%.
Median Shaftsbury, VT home value: $218,500
Median annual Shaftsbury, VT tax bill: $2,091, $309 lower than the national median property tax bill of $2,400.
How are property taxes in Bennington County calculated?
Property taxes in Shaftsbury, 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 Shaftsbury’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Shaftsbury, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Shaftsbury, Bennington County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.63%
Estimate Property Tax Bill
$1,377
$1,277
Property Tax Rates Across Shaftsbury, Bennington County, Vermont
Local government entities in Vermont set tax rates, which can vary significantly across the state. Each year, counties estimate their budgetary needs to fund essential services and divide this by the total assessed value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Though the process involves votes and legislation, this is the core mechanism for setting tax rates annually.
In Shaftsbury, located in Bennington County, the effective property tax rate reflects these calculations. Shaftsbury's rate is notable when compared to other cities in Vermont, as well as the median property tax rates both in the state and nationwide. The national median property tax rate stands at 1.02%, with a median tax bill of $2,400. By understanding how Shaftsbury's rate compares, property owners can gain insight into their tax responsibilities and potential savings through appeals or exemptions. Engaging with these figures is crucial for homeowners seeking to manage their property tax obligations 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 Shaftsbury Tax Rate
0.63%
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 County Tax Rate
2.14%
Median Effective Vermont Tax Rate
2.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Shaftsbury, Bennington County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05262 | 0.12% | 0.34% | 0.63% | 1.30% | 3.05% |
Source: Ownwell
Property Tax Assessment Values Across Shaftsbury, Bennington County, Vermont
When examining property taxes in Shaftsbury, 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 April. 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 Shaftsbury.
For example, the median home price in Shaftsbury is $218,500, with tax bills ranging significantly across the county. 05262 has the highest median home price at $218,500.
Property Tax Assessment Values Across Shaftsbury, Bennington County, Vermont
Source: Ownwell
$117,100
$265,583
$414,065
Median Shaftsbury Market Value
$218,500
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 Shaftsbury, Bennington County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05262 | $112,300 | $152,600 | $218,500 | $301,500 | $389,400 |
Source: Ownwell
Property Tax Bills Across Shaftsbury, Bennington County, Vermont
In Shaftsbury, located in Bennington County, VT, property tax bills are determined by assessing the property's market value and applying the local tax rate. This process ensures that homeowners contribute fairly to community services like schools and infrastructure. The median home price in Shaftsbury is $218,500, significantly lower than the national median property tax bill of $2,400. In this region, tax bills range widely, with the 25th percentile at $800 and the 90th percentile reaching $4,889. The median tax bill in Shaftsbury zip code 05262 is $2,091, reflecting both the highest and lowest figures for the area.
Homeowners can feel the impact of these taxes on their annual expenses, making it crucial to ensure that their property is assessed accurately. Ownwell offers valuable services by reviewing property assessments and identifying potential errors, helping homeowners reduce their tax bills. By appealing over-assessments, Ownwell can potentially save residents hundreds of dollars annually, ensuring they only pay their fair share.
Median Shaftsbury Tax Bill
$2,091
Median Bennington County Tax Bill
$4,152
Median Vermont Tax Bill
$3,843
Median United States Tax Bill
$2,400
Property Tax Bills Across Shaftsbury, Bennington County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05262 | $180 | $800 | $2,091 | $3,454 | $4,889 |
Source: Ownwell