Concord, Essex County, Vermont Property Taxes
Median Concord, VT effective property tax rate: 2.36%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%.
Median Concord, VT home value: $114,600
Median annual Concord, VT tax bill: $2,676, $276 higher than the national median property tax bill of $2,400.
How are property taxes in Essex calculated?
Property taxes in Concord, 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 Concord’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Concord, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Concord, Essex County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.62%
Estimate Property Tax Bill
$1,844
$1,711
Property Tax Rates Across Concord, Essex County, Vermont
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Concord, situated in Essex County, Vermont, property tax rates reflect this process. When comparing Concord’s effective property tax rate to other cities in Vermont, it becomes evident that Vermont has one of the higher median property tax rates in the nation. The state’s median property tax rate exceeds the national median of 1.02%. This can be attributed to Vermont's overall approach to funding local services, which relies heavily on property taxes.
Understanding these rates is crucial for property owners who are considering appealing their property taxes or seeking exemptions. By comparing local rates to the state and national medians, property owners can make informed decisions about their tax liabilities.
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 Concord Tax Rate
1.62%
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 Essex County Tax Rate
1.62%
Median Effective Vermont Tax Rate
1.92%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Concord, Essex County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05824 | 1.47% | 1.47% | 1.62% | 1.62% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Concord, Essex County, Vermont
When examining property taxes in Concord, 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 Essex 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 Essex 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 Concord. For example, the median home price in Concord is $114,600, with tax bills ranging significantly across the county. Zip code 05824 has the highest median home price at $114,600.
Property Tax Assessment Values Across Concord, Essex County, Vermont
Source: Ownwell
$19,050
$126,625
$234,200
Median Concord Market Value
$113,800
Median Essex County Market Value
$116,800
Median Vermont Market Value
$206,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Concord, Essex County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05824 | $32,080 | $65,600 | $113,800 | $160,900 | $213,960 |
Source: Ownwell
Property Tax Bills Across Concord, Essex County, Vermont
In Concord, Essex County, VT, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Concord face a median property tax bill of $2,676, which is slightly above the national median of $2,400. Factors such as property location, size, and market conditions influence the assessed value, impacting the final tax bill. For example, tax bills in the 25th percentile are around $1,546, while those in the 75th percentile reach up to $3,736, and the top 10% of tax bills can be as high as $4,966.
Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing assessment data and market trends, Ownwell can help ensure that homeowners are not overpaying and are taking advantage of all available exemptions, potentially reducing their property tax burden significantly.
Median Concord Tax Bill
$1,746
Median Essex County Tax Bill
$1,797
Median Vermont Tax Bill
$4,235
Median United States Tax Bill
$2,400
Property Tax Bills Across Concord, Essex County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05824 | $506 | $1,010 | $1,746 | $2,511 | $3,332 |
Source: Ownwell