Vershire, Orange County, Vermont Property Taxes
Median Vershire, VT effective property tax rate: 2.45%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%.
Median Vershire, VT home value: $165,400
Median annual Vershire, VT tax bill: $1,836, $564 lower than the national median property tax bill of $2,400.
How are property taxes in Orange County calculated?
Property taxes in Vershire, 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 Vershire’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Vershire, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Vershire, Orange County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.45%
Estimate Property Tax Bill
$4,052
$3,760
Property Tax Rates Across Vershire, Orange County, Vermont
Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Vershire, located in Orange County, the effective property tax rate is 2.45%, which is the highest in Vermont. This rate significantly exceeds the national median property tax rate of 1.02%. Consequently, property owners in Vershire face higher tax bills compared to the national median property tax bill of $2400.
These variations highlight the importance of understanding property tax dynamics within your specific locality. By comparing Vershire’s effective property tax rate to other cities in Vermont and the median property tax rates in Vermont and the U.S., property owners can gain a clearer perspective on their tax obligations.
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 Vershire Tax Rate
2.45%
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 Vershire, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05079 | 2.23% | 2.45% | 2.45% | 2.45% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across Vershire, Orange County, Vermont
When examining property taxes in Vershire, 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 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 Vershire. For example, the median home price in Vershire is $165,400, with tax bills ranging significantly across the county. Zip code 05079 has the highest median home price at $165,400.
Property Tax Assessment Values Across Vershire, Orange County, Vermont
Source: Ownwell
$135,700
$218,350
$301,000
Median Vershire Market Value
$165,400
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 Vershire, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05079 | $60,700 | $111,100 | $165,400 | $224,050 | $340,100 |
Source: Ownwell
Property Tax Bills Across Vershire, Orange County, Vermont
Median Vershire Tax Bill
$1,836
Median Orange County Tax Bill
$3,722
Median Vermont Tax Bill
$3,843
Median United States Tax Bill
$2,400
Property Tax Bills Across Vershire, Orange County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05079 | $1,128 | $1,308 | $1,836 | $3,232 | $7,588 |
Source: Ownwell