Leicester, Rutland County, Vermont Property Taxes

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

Median Leicester, VT effective property tax rate: 2.61%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%.
Median Leicester, VT home value: $187,050
Median annual Leicester, VT tax bill: $4,847, $2,447 higher than the national median property tax bill of $2,400.

How are property taxes in Rutland calculated?

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

Last Updated March 1, 2025

Leicester, Rutland County, Vermont Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.61%

Estimate Property Tax Bill

$4,882

$4,530

Ownwell’s Leicester Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Leicester with just two data points. By entering your property's estimated assessed value, our calculator applies Leicester’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 Rutland. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Leicester, Rutland County, Vermont

Local government entities in Vermont set tax rates, which can vary significantly within the state. Each year, counties like Rutland estimate their required budget to provide services and then divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

Leicester, located in Rutland County, has an effective property tax rate of 2.61%. This rate is considerably higher than the national median property tax rate of 1.02%. When compared to the national median property tax bill of $2,400, homeowners in Leicester may find themselves paying more due to the higher local tax rate. By understanding these local variations in property tax rates, property owners can better anticipate their tax obligations and make informed decisions about potential property investments.

Property Tax Rates Across Leicester, Rutland County, Vermont

Source: Ownwell

0.84%

1.73%

2.61%

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 Leicester Tax Rate

2.61%

Median Effective Rutland County Tax Rate

1.74%

Median Effective Vermont Tax Rate

2.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Leicester, Rutland County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
05733	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Leicester, Rutland County, Vermont

When examining property taxes in Leicester, 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 Rutland 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 Rutland 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 Leicester.

For example, the median home price in Leicester is $187,050, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Leicester, Rutland County, Vermont

Source: Ownwell

$78,800

$178,250

$277,700

Median Leicester Market Value

$187,050

Median Rutland County Market Value

$162,600

Median Vermont Market Value

$199,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Leicester, Rutland County, Vermont

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
05733	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Leicester, Rutland County, Vermont

In Leicester, located in Rutland County, Vermont, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The property tax rate in this region is used to calculate the tax bill by applying it to the property's assessed value. With a median home price of $187,050, homeowners in Leicester often face varying tax bills. For instance, those in the 25th percentile see tax bills around $3,568, while those in the 75th percentile experience bills closer to $5,897. These figures are significantly higher than the national median property tax bill of $2,400. This discrepancy can place a financial burden on homeowners, making it crucial to ensure their property is accurately assessed. Ownwell offers property tax appeal services to help homeowners potentially reduce their tax liabilities. By reviewing assessment values and identifying discrepancies, Ownwell assists in filing appeals, which can lead to substantial savings on property tax bills, easing the financial strain on homeowners.

Property Tax Bills Across Leicester, Rutland County, Vermont

Source: Ownwell

$1,139

$3,182

$5,224

Median Leicester Tax Bill

$4,847

Median Rutland County Tax Bill

$2,337

Median Vermont Tax Bill

$3,843

Median United States Tax Bill

$2,400

Property Tax Bills Across Leicester, Rutland County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
05733	N/A	N/A	N/A	N/A	N/A

Source: Ownwell