Newport, Orleans County, Vermont Property Taxes

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

Median Newport, VT effective property tax rate: 2.98%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%. Median Newport, VT home value: $137,100. Median annual Newport, VT tax bill: $3,117, $717 higher than the national median property tax bill of $2,400. How are property taxes in Orleans calculated? Property taxes in Newport, 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 Newport’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Newport, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Newport, Orleans County, Vermont Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.98%

Estimate Property Tax Bill

$4,086

$3,791

Ownwell’s Newport Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Newport with just two data points. By entering your property's estimated assessed value, our calculator applies Newport’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 Newport, Orleans County, Vermont

Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties estimate the budget required to provide essential services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in this process, this is essentially how it works annually.

In Newport, located in Orleans County, Vermont, the effective property tax rate stands at 2.98%, significantly higher than the national median of 1.02%. This rate is also the highest and lowest in the area, making Newport's tax landscape unique. When compared to the national median property tax bill of $2400, Newport's higher tax rate may reflect the region's specific budgetary needs and property values. Understanding these rates can help property owners in Newport better anticipate their tax liabilities and consider potential savings through exemptions or appeals.

Property Tax Rates Across Newport, 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 Newport Tax Rate

2.98%

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 Newport, Orleans County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
05855	1.21%	1.67%	2.98%	2.98%	2.98%

Source: Ownwell

Property Tax Assessment Values Across Newport, Orleans County, Vermont

When examining property taxes in Newport, 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 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 Newport. For example, the median home price in Newport is $137,100, with tax bills ranging significantly across the county. The zip code 05855 has the highest median home price at $137,100.

Property Tax Assessment Values Across Newport, Orleans County, Vermont

Source: Ownwell

$29,350

$131,600

$233,850

Median Newport Market Value

$137,100

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 Newport, Orleans County, Vermont

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
05855	$65,600	$94,500	$137,100	$203,600	$299,220

Source: Ownwell

Property Tax Bills Across Newport, Orleans County, Vermont

In Newport, located in Orleans County, Vermont, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in Newport is $137,100, and the tax bill varies significantly, with the 25th percentile at $2,201 and the 75th percentile reaching $4,451. The highest median tax bill in the area is $3,117, which is higher than the national median property tax bill of $2,400. Factors influencing the tax bill include the assessed property value and the local tax rate, which can impact homeowners significantly, especially those with properties in higher tax brackets. This can lead to financial strain for some homeowners, making it crucial to ensure that their property is assessed accurately. Ownwell offers services to help homeowners in Newport lower their property tax bills by providing expert assistance in appealing assessments and securing exemptions. By leveraging Ownwell's expertise, homeowners can potentially save a substantial amount on their annual property tax expenses.

Property Tax Bills Across Newport, Orleans County, Vermont

Source: Ownwell

$504

$2,853

$5,202

Median Newport Tax Bill

$3,117

Median Orleans County Tax Bill

$3,124

Median Vermont Tax Bill

$3,843

Median United States Tax Bill

$2,400

Property Tax Bills Across Newport, Orleans County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
05855	$1,254	$2,201	$3,117	$4,451	$6,421

Source: Ownwell