Island Pond, Orleans County, Vermont Property Taxes

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

Median Island Pond, VT effective property tax rate: 2.29%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%. Median Island Pond, VT home value: $135,100. Median annual Island Pond, VT tax bill: $2,873, $473 higher than the national median property tax bill of $2,400.

How are property taxes in Orleans calculated?

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

Last Updated March 1, 2025

Island Pond, Orleans County, Vermont Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.29%

Estimate Property Tax Bill

$3,094

$2,871

Ownwell’s Island Pond Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Island Pond with just two data points.

By entering your property's estimated assessed value, our calculator applies Island Pond’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your 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 Orleans County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Island Pond, Orleans County, Vermont

Local government entities set tax rates, which can vary widely within a state. This variation is primarily due to each county's annual budget estimation to provide essential services, which is then divided by the total value of all taxable property within its jurisdiction. The result of this calculation is the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the fundamental process followed each year.

In Island Pond, located in Orleans County, Vermont, the effective property tax rate stands out when compared to other cities within the state. With a median property tax rate of 2.29%, Island Pond's rate is significantly higher than the national median property tax rate of 1.02%. This higher rate reflects the local government's budgetary needs and the value of taxable properties in the area. Understanding these rates can be crucial for property owners looking to manage their tax liabilities effectively. By comparing Island Pond’s property tax rate to both the state and national medians, property owners can gain valuable insights into potential savings and financial planning strategies.

Property Tax Rates Across Island Pond, Orleans County, Vermont

Source: Ownwell

1.21%

2.09%

2.98%

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 Island Pond Tax Rate

2.29%

Median Effective Orleans County Tax Rate

2.04%

Median Effective Vermont Tax Rate

2.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Island Pond, Orleans County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
05846	1.94%	2.09%	2.29%	2.29%	2.29%

Source: Ownwell

Property Tax Assessment Values Across Island Pond, Orleans County, Vermont

When examining property taxes in Island Pond, 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 Orleans 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 Orleans County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Island Pond.

For example, the median home price in Island Pond is $135,100, with tax bills ranging significantly across the county. ZIP code 05846 has the highest median home price at $135,100.

Property Tax Assessment Values Across Island Pond, Orleans County, Vermont

Source: Ownwell

$29,350

$131,600

$233,850

Median Island Pond Market Value

$135,100

Median Orleans County Market Value

$150,000

Median Vermont Market Value

$199,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Island Pond, Orleans County, Vermont

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
05846	$48,760	$88,700	$135,100	$195,550	$376,220

Source: Ownwell

Property Tax Bills Across Island Pond, Orleans County, Vermont

In Island Pond, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Orleans County, the median property tax bill can vary significantly, with the 25th percentile at $1,852 and the 75th percentile reaching $3,900, reflecting the range of property values and tax rates in the area. Interestingly, the highest and lowest median tax bills in the area are both $2,873, indicating a uniformity in tax assessments within certain neighborhoods. Compared to the national median property tax bill of $2,400, some homeowners in Island Pond may find themselves paying more, which can impact their overall financial planning. Ownwell can assist homeowners by offering property tax appeal services, potentially reducing these tax bills. By analyzing property assessments and comparing them to similar properties, Ownwell helps ensure homeowners are not overpaying, thereby offering significant savings.

Property Tax Bills Across Island Pond, Orleans County, Vermont

Source: Ownwell

$504

$2,853

$5,202

Median Island Pond Tax Bill

$2,873

Median Orleans County Tax Bill

$3,124

Median Vermont Tax Bill

$3,843

Median United States Tax Bill

$2,400

Property Tax Bills Across Island Pond, Orleans County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
05846	$1,090	$1,852	$2,873	$3,900	$9,477

Source: Ownwell