Thetford, Orange County, Vermont Property Taxes
Property Taxes in Thetford, Vermont
Median Thetford, Vermont effective property tax rate: 1.83%, significantly lower than the national median of 1.02%, and lower than the Vermont state median of 1.92%.
Median Thetford, Vermont home value: $241,120
Median annual Thetford, Vermont tax bill: $4,297, higher than the national median property tax bill of $2,400.
How are property taxes in Orange calculated?
Property taxes in Thetford, Vermont 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 Thetford's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Thetford, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Thetford, Orange County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.83%
Estimate Property Tax Bill
$4,412
$4,095
How Does the Thetford Property Tax Calculator Work?
Use this Thetford property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Thetford's median effective tax rate of 1.83% — based on actual property records in Orange County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Thetford's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Thetford: rates range from 1.83% in 05074 to 1.83% in 05074, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Thetford.
About Thetford Property Taxes
About Property Taxes in Thetford, Orange, Vermont
Thetford’s median effective property tax rate of 1.83% is lower than the Vermont state median of 1.92% and higher than the national median of 1.02%. This rate reflects the Orange County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Thetford. Homeowners in the 05074 ZIP code carry a median effective rate of 1.83%, while those in the lowest ZIP also pay 1.83%. This reflects how school district boundaries and local assessment districts are drawn across Orange County. Understanding which part of Thetford you live in can make a meaningful difference to your annual tax bill.
Thetford homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the July 2, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Thetford, Orange County, Vermont
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget 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 Thetford's effective property tax rate to other cities in Vermont and the median property tax rates in Vermont and the U.S.
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 Thetford Tax Rate
1.83%
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
1.58%
Median Effective Vermont Tax Rate
1.92%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Thetford, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05074 | 1.70% | 1.70% | 1.83% | 1.83% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Thetford, Orange County, Vermont
When examining property taxes in Thetford, 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 Orange County assessor 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.
Assessment notices:
In Orange County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the season.
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 Thetford.
For example, the median home price in Thetford is $241,120, with tax bills ranging significantly across the county. 05074 has the highest median home price at $241,120.
Property Tax Assessment Values Across Thetford, Orange County, Vermont
Source: Ownwell
$126,400
$209,700
$293,000
Median Thetford Market Value
$241,120
Median Orange County Market Value
$180,150
Median Vermont Market Value
$206,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Thetford, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05074 | $112,976 | $175,140 | $241,120 | $321,180 | $456,060 |
Source: Ownwell
Property Tax Bills Across Thetford, Orange County, Vermont
Property tax bills in Thetford are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For homeowners, that means the bill is shaped by both what a home is worth and how the town sets its tax rate.
With a median home price of $241,120, the typical tax bill in the area reflects a level of taxation that can vary widely from one property to another. The 25th percentile tax bill is $3,175, while the 75th percentile reaches $5,799 and the 90th percentile climbs to $7,988. In ZIP code 05074, the median tax bill is $4,297.
Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, homeowners in Thetford often face higher annual costs. That makes the assessed value, local rate, and any exemptions especially important in determining how much a homeowner ultimately pays.
Median Thetford Tax Bill
$4,297
Median Orange County Tax Bill
$2,812
Median Vermont Tax Bill
$4,235
Median United States Tax Bill
$2,400
Property Tax Bills Across Thetford, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05074 | $2,074 | $3,175 | $4,297 | $5,799 | $7,988 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | July 2 |
Links | |
|---|---|
| Orange Tax Assessor | |
| Website | tax.vermont.gov |