Graniteville, Washington County, Vermont Property Taxes

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

Median Graniteville, VT effective property tax rate: 2.18%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%.
Median Graniteville, VT home value: $178,060
Median annual Graniteville, VT tax bill: $3,880, $1,480 higher than the national median property tax bill of $2,400.

How are property taxes in Washington calculated?

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

Last Updated March 1, 2025

Graniteville, Washington County, Vermont Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.18%

Estimate Property Tax Bill

$3,882

$3,602

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

Property Tax Rates Across Graniteville, Washington County, Vermont

Local government entities in Vermont determine tax rates, which can vary significantly across different areas. The process involves each county estimating its annual budget to provide essential services. This budget is then divided by the total value of all taxable property within the county to determine the property tax rate. Although votes and legal frameworks play a role in setting these rates, this is the core of the annual procedure.

In Graniteville, located in Washington County, the effective property tax rate is 2.18%, notably higher than the national median property tax rate of 1.02%. This rate is consistent with the highest median tax rate in the state. Compared to other cities in Vermont, Graniteville's tax rate stands out, reflecting the local government's budgetary needs and the assessed property values in the area. This rate also results in a property tax bill that is significantly above the national median of $2,400. Understanding these differences can guide property owners in making informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Graniteville, Washington County, Vermont

Source: Ownwell

0.34%

1.59%

2.84%

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 Graniteville Tax Rate

2.18%

Median Effective Washington County Tax Rate

2.08%

Median Effective Vermont Tax Rate

2.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Graniteville, Washington County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
05654	2.18%	2.18%	2.18%	2.18%	2.18%

Source: Ownwell

Property Tax Assessment Values Across Graniteville, Washington County, Vermont

When examining property taxes in Graniteville, 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 Washington 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 Washington 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 Graniteville.

For example, the median home price in Graniteville is $178,060, with tax bills ranging significantly across the county. Zip code 05654 has the highest median home price at $178,060.

Property Tax Assessment Values Across Graniteville, Washington County, Vermont

Source: Ownwell

$129,700

$261,775

$393,850

Median Graniteville Market Value

$178,060

Median Washington County Market Value

$205,330

Median Vermont Market Value

$199,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Graniteville, Washington County, Vermont

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
05654	$113,170	$142,160	$178,060	$224,915	$277,257

Source: Ownwell

Property Tax Bills Across Graniteville, Washington County, Vermont

In Graniteville, VT, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions can influence the assessed value. Homeowners in Graniteville face a median property tax bill significantly higher than the national median of $2,400, with the 25th percentile starting at $3,098 and reaching up to $6,042 at the 90th percentile. This substantial tax burden can impact household budgets, making it essential for homeowners to explore ways to reduce their tax bills. Ownwell offers services to help homeowners in Graniteville by providing expert property tax appeal and exemption services. By leveraging local market knowledge and understanding of tax regulations, Ownwell can identify opportunities for homeowners to challenge their assessments, potentially leading to significant savings and easing the financial burden of high property taxes.

Property Tax Bills Across Graniteville, Washington County, Vermont

Source: Ownwell

$1,229

$3,870

$6,510

Median Graniteville Tax Bill

$3,880

Median Washington County Tax Bill

$3,773

Median Vermont Tax Bill

$3,843

Median United States Tax Bill

$2,400

Property Tax Bills Across Graniteville, Washington County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
05654	$2,466	$3,098	$3,880	$4,901	$6,042

Source: Ownwell