Woodford, Bennington County, Vermont Property Taxes
Median WOODFORD, VT effective property tax rate: 1.70%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%. Median WOODFORD, VT home value: $147,350. Median annual WOODFORD, VT tax bill: $2,500, $100 higher than the national median property tax bill of $2,400.
How are property taxes in Bennington calculated?
Property taxes in WOODFORD, 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 WOODFORD’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in WOODFORD, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Woodford, Bennington County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.7%
Estimate Property Tax Bill
$2,505
$2,325
Property Tax Rates Across Woodford, Bennington 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. Below, you can compare Woodford’s effective property tax rate to other cities in Vermont and the median property tax rates in Vermont and the U.S.
The property tax rate in Woodford, located in Bennington County, stands at 1.70%, which is significantly higher than the national median property tax rate of 1.02%. This high rate reflects the county's budgetary needs and the total assessed value of properties within its jurisdiction. Understanding these rates can help property owners in Woodford make informed decisions about their tax obligations and potential savings through appeals or exemptions. Whether you're a homeowner or an investor, staying informed about property tax trends in Woodford can help you manage your property's financial aspects more 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 Woodford Tax Rate
1.70%
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 Woodford, Bennington County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05201 | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Woodford, Bennington County, Vermont
When examining property taxes in Woodford, Vermont, 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.
Assessment notices: 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 Woodford.
For example, the median home price in Woodford is $147,350, with tax bills ranging significantly across the county. Zip code 05201 has the highest median home price at $147,350.
Property Tax Assessment Values Across Woodford, Bennington County, Vermont
Source: Ownwell
$117,100
$265,583
$414,065
Median Woodford Market Value
$147,350
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 Woodford, Bennington County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05201 | $36,850 | $92,650 | $147,350 | $198,250 | $271,070 |
Source: Ownwell
Property Tax Bills Across Woodford, Bennington County, Vermont
Property tax bills in Woodford, located in Bennington County, Vermont, are determined based on the assessed value of a property and the local tax rate. Homeowners in this area face a median property tax bill of $2,500, which aligns with the national median of $2,400. This tax bill is influenced by the property's assessed value, which is determined by local assessors. Factors such as property size, location, and market trends can affect this valuation. For homeowners, these taxes can represent a significant expense, impacting overall housing affordability.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing property assessments and local market data, Ownwell identifies opportunities for tax reductions. Their expertise can help homeowners ensure their property is fairly assessed, potentially lowering their tax burden. By partnering with Ownwell, Woodford homeowners can navigate the complexities of property tax assessments, potentially saving money and gaining peace of mind.
Median Woodford Tax Bill
$2,500
Median Bennington County Tax Bill
$4,152
Median Vermont Tax Bill
$3,843
Median United States Tax Bill
$2,400
Property Tax Bills Across Woodford, Bennington County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05201 | $623 | $1,577 | $2,500 | $3,382 | $4,635 |
Source: Ownwell