East Thetford, Orange County, Vermont Property Taxes
Median EAST THETFORD, VT effective property tax rate: 2.56%, significantly higher than the national median of 1.02%, but lower than the VT state median of 2.11%.
Median EAST THETFORD, VT home value: $243,710
Median annual EAST THETFORD, VT tax bill: $5,453, $3,053 higher than the national median property tax bill of $2,400.
How are property taxes in Orange County calculated?
Property taxes in EAST THETFORD, 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 EAST THETFORD’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in EAST THETFORD, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
East Thetford, Orange County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.56%
Estimate Property Tax Bill
$6,239
$5,790
Property Tax Rates Across East Thetford, Orange County, Vermont
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process.
East Thetford in Orange County, Vermont, presents an interesting case for property tax rates. The effective property tax rate here is notably higher than the national median of 1.02%, reflecting the unique budgetary needs and property values of the area. This rate is consistent across the zip code, indicating uniformity in tax assessment within this locality.
Comparing East Thetford’s rate to other cities in Vermont, you’ll find that it stands at the higher end of the spectrum. This can be attributed to the specific fiscal requirements and property valuations in this region. Understanding these dynamics can empower property owners in East Thetford to make informed decisions about property tax appeals and exemptions, potentially leading to significant savings.
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 East Thetford Tax Rate
2.56%
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 Orange County Tax Rate
2.24%
Median Effective Vermont Tax Rate
2.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across East Thetford, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05043 | 1.07% | 1.89% | 2.56% | 2.57% | 2.63% |
Source: Ownwell
Property Tax Assessment Values Across East Thetford, Orange County, Vermont
When examining property taxes in East Thetford, 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 Orange 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 Orange 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 East Thetford. For example, the median home price in East Thetford is $243,710, with tax bills ranging significantly across the county. Zip code 05043 has the highest median home price at $243,710.
Property Tax Assessment Values Across East Thetford, Orange County, Vermont
Source: Ownwell
$135,700
$218,350
$301,000
Median East Thetford Market Value
$243,710
Median Orange County Market Value
$178,000
Median Vermont Market Value
$199,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across East Thetford, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05043 | $146,732 | $188,145 | $243,710 | $315,990 | $407,122 |
Source: Ownwell
Property Tax Bills Across East Thetford, Orange County, Vermont
Median East Thetford Tax Bill
$5,453
Median Orange County Tax Bill
$3,722
Median Vermont Tax Bill
$3,843
Median United States Tax Bill
$2,400
Property Tax Bills Across East Thetford, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05043 | $1,771 | $3,615 | $5,453 | $7,518 | $9,391 |
Source: Ownwell