Underhill, Lamoille County, Vermont Property Taxes

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

Median Underhill, VT effective property tax rate: 2.20%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%. Median Underhill, VT home value: $245,300. Median annual Underhill, VT tax bill: $5,399, $2,999 higher than the national median property tax bill of $2,400.

How are property taxes in Lamoille County calculated?

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

Last Updated March 1, 2025

Underhill, Lamoille County, Vermont Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.2%

Estimate Property Tax Bill

$5,397

$5,008

Ownwell’s Underhill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Underhill with just two data points. By entering your property's estimated assessed value, our calculator applies Underhill’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Lamoille 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 Lamoille County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Underhill, Lamoille County, Vermont

Local government entities set tax rates, and these can differ significantly within a state. Each year, counties estimate the necessary budget to provide public services and divide this by the total value of all taxable property in their jurisdiction. This calculation determines the property tax rate. Although setting tax rates and budgets involves votes and legal frameworks, this is essentially the annual process.

In Underhill, located in Lamoille County, the effective property tax rate is 2.20%. This rate is considerably higher than the national median property tax rate of 1.02%. Within Vermont, property tax rates can vary, but Underhill's rate is notably above the state median. For homeowners in Underhill, this means the property tax bill is likely to be higher than the national median of $2,400. Understanding these rates is crucial for property owners considering tax appeal and exemption services, as even small differences in rates can lead to significant changes in annual tax bills. By staying informed about local tax rates, homeowners can better manage their financial planning and explore potential savings through appeals.

Property Tax Rates Across Underhill, Lamoille County, Vermont

Source: Ownwell

0.58%

1.48%

2.37%

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 Underhill Tax Rate

2.20%

Median Effective Lamoille County Tax Rate

2.18%

Median Effective Vermont Tax Rate

2.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Underhill, Lamoille County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
05489	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Underhill, Lamoille County, Vermont

When examining property taxes in Underhill, 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 Lamoille 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 Lamoille 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 Underhill. For example, the median home price in Underhill is $245,300, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Underhill, Lamoille County, Vermont

Source: Ownwell

$125,650

$285,025

$444,400

Median Underhill Market Value

$245,300

Median Lamoille County Market Value

$219,600

Median Vermont Market Value

$199,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Underhill, Lamoille County, Vermont

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
05489	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Underhill, Lamoille County, Vermont

In Underhill, located in Lamoille County, VT, property tax bills are determined by the assessed value of a home and the local tax rate. With a median home price of $245,300, homeowners face a property tax rate that results in a median tax bill significantly higher than the national average. While the national median property tax bill is $2,400, Underhill's 25th percentile tax bill is $4,044, the 75th percentile is $6,036, and the 90th percentile reaches $7,158. These figures highlight the financial burden on homeowners in the area, as they exceed the national median property tax rate of 1.02%. Factors influencing these tax bills include local government budgets and school funding needs, impacting how much residents pay annually. Ownwell can assist homeowners in Underhill by providing expert property tax appeal and exemption services. By reviewing assessments and identifying potential discrepancies, Ownwell helps ensure homeowners are not overpaying, ultimately leading to significant savings on their property tax bills.

Property Tax Bills Across Underhill, Lamoille County, Vermont

Source: Ownwell

$2,532

$5,467

$8,402

Median Underhill Tax Bill

$5,399

Median Lamoille County Tax Bill

$3,189

Median Vermont Tax Bill

$3,843

Median United States Tax Bill

$2,400

Property Tax Bills Across Underhill, Lamoille County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
05489	N/A	N/A	N/A	N/A	N/A

Source: Ownwell