Fairfax, Franklin County, Vermont Property Taxes

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

Median Fairfax, VT effective property tax rate: 0.49%, significantly lower than the national median of 1.02%, but lower than the Vermont state median of 2.11%.
Median Fairfax, VT home value: $311,100
Median annual Fairfax, VT tax bill: $1,413, $987 lower than the national median property tax bill of $2,400.

How are property taxes in Franklin County calculated?

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

Last Updated March 1, 2025

Fairfax, Franklin County, Vermont Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.54%

Estimate Property Tax Bill

$4,882

$4,530

Ownwell’s Fairfax Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fairfax with just two data points. By entering your property's estimated assessed value, our calculator applies Fairfax’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 Franklin. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fairfax, Franklin County, Vermont

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually 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 Fairfax’s effective property tax rate to other cities in Vermont and the median property tax rates in Vermont and the U.S.

Property Tax Rates Across Fairfax, Franklin County, Vermont

Source: Ownwell

1.50%

1.88%

2.26%

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 Fairfax Tax Rate

1.54%

Median Effective Franklin County Tax Rate

2.01%

Median Effective Vermont Tax Rate

1.92%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fairfax, Franklin County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
05454	1.15%	1.38%	1.54%	1.73%	1.77%

Source: Ownwell

Property Tax Assessment Values Across Fairfax, Franklin County, Vermont

When examining property taxes in Fairfax, 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 Franklin 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 Franklin 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 Fairfax. For example, the median home price in Fairfax is $311,100, with tax bills ranging significantly across the county. The zip code 05454 has the highest median home price at $311,100.

Property Tax Assessment Values Across Fairfax, Franklin County, Vermont

Source: Ownwell

$115,200

$216,100

$317,000

Median Fairfax Market Value

$317,000

Median Franklin County Market Value

$205,300

Median Vermont Market Value

$206,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fairfax, Franklin County, Vermont

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
05454	$197,260	$248,100	$317,000	$386,800	$474,320

Source: Ownwell

Property Tax Bills Across Fairfax, Franklin County, Vermont

In Fairfax, located in Franklin County, VT, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Fairfax is $311,100, which influences the tax bill homeowners receive. The tax bills vary widely; the 25th percentile tax bill is $990, while the 75th percentile reaches $1955, and the 90th percentile is close to the national median at $2399. Homeowners in Fairfax can face significant financial burdens, especially when tax bills approach or exceed the national median property tax bill of $2400.

Ownwell helps homeowners navigate these challenges by providing expert property tax appeal and exemption services. By analyzing the assessed value and local tax rates, Ownwell identifies opportunities for reducing tax liabilities. This can result in significant savings for homeowners, ensuring they only pay their fair share. Through personalized consultations and strategic appeals, Ownwell empowers residents in Fairfax to manage their property tax expenses effectively.

Property Tax Bills Across Fairfax, Franklin County, Vermont

Source: Ownwell

$2,320

$3,547

$4,774

Median Fairfax Tax Bill

$4,488

Median Franklin County Tax Bill

$4,030

Median Vermont Tax Bill

$4,235

Median United States Tax Bill

$2,400

Property Tax Bills Across Fairfax, Franklin County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
05454	$3,395	$3,643	$4,488	$5,287	$6,132

Source: Ownwell