Northfield, Orange County, Vermont Property Taxes
Median Northfield, VT effective property tax rate: 2.23%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%.
Median Northfield, VT home value: $235,600
Median annual Northfield, VT tax bill: $5,252, $2,852 higher than the national median property tax bill of $2,400.
How are property taxes in Orange County calculated?
Property taxes in Northfield, 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 Northfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Northfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Northfield, Orange County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.23%
Estimate Property Tax Bill
$5,254
$4,875
Property Tax Rates Across Northfield, Orange County, Vermont
Local government entities set property tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.
In Northfield, located in Orange County, Vermont, the effective property tax rate is 2.23%. This rate is considerably higher than both the national median property tax rate of 1.02% and the national median property tax bill of $2,400. This difference underscores the importance of understanding local property tax dynamics. Comparing Northfield's tax rate to other cities in Vermont and national figures highlights these local variations. Understanding these differences can provide valuable insights into property tax obligations and potential savings through appeals and exemptions. By being informed about these rates, property owners can make more informed financial decisions.
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 Northfield Tax Rate
2.23%
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 Northfield, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05663 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Northfield, Orange County, Vermont
When examining property taxes in Northfield, 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 Northfield. For example, the median home price in Northfield is $235,600, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Northfield, Orange County, Vermont
Source: Ownwell
$135,700
$218,350
$301,000
Median Northfield Market Value
$235,600
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 Northfield, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05663 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Northfield, Orange County, Vermont
In Northfield, VT, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The property tax rate is then applied to this assessed value to calculate the tax bill. With a median home price of $235,600, many homeowners in Northfield experience property tax bills that can be burdensome. The 25th percentile tax bill is $3,412, which is significantly higher than the national median property tax bill of $2,400. At the higher end, the 75th percentile tax bill reaches $5,747, and the 90th percentile is $6,252, reflecting the potential financial strain on homeowners.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services, potentially reducing these hefty bills. Our team of experts works to ensure that your property is fairly assessed, and we identify opportunities for exemptions that you may be eligible for. By partnering with Ownwell, homeowners can potentially save a significant amount on their property tax bills, easing the financial burden and ensuring fair taxation.
Median Northfield Tax Bill
$5,252
Median Orange County Tax Bill
$3,722
Median Vermont Tax Bill
$3,843
Median United States Tax Bill
$2,400
Property Tax Bills Across Northfield, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05663 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell