Newfane, Windham County, Vermont Property Taxes
Median Newfane, VT effective property tax rate: 2.26%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%.
Median Newfane, VT home value: $161,250
Median annual Newfane, VT tax bill: $3,664, $1,264 higher than the national median property tax bill of $2,400.
How are property taxes in Windham calculated?
Property taxes in Newfane, 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 Newfane’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Newfane, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Newfane, Windham County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.26%
Estimate Property Tax Bill
$3,644
$3,382
Property Tax Rates Across Newfane, Windham County, Vermont
Local government entities in Vermont set tax rates, which can vary widely within the state. Each year, counties like Windham estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Newfane, located in Windham County, the effective property tax rate stands at 2.26%. This is significantly higher than both the Vermont state median and the U.S. national median property tax rate, which sits at 1.02%. The higher rate in Newfane reflects the local government's budgetary needs and the total assessed value of properties in the area.
Understanding how these rates are determined can help property owners navigate their tax obligations more effectively and potentially identify opportunities for appeals or exemptions. Comparing Newfane’s property tax rate to other regions can provide valuable insights into local fiscal policies and their impact on property owners.
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 Newfane Tax Rate
2.26%
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 Windham County Tax Rate
2.04%
Median Effective Vermont Tax Rate
2.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Newfane, Windham County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05345 | 2.26% | 2.26% | 2.26% | 2.27% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across Newfane, Windham County, Vermont
When examining property taxes in Newfane, 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 Windham 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 Windham County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Newfane. For example, the median home price in Newfane is $161,250, with tax bills ranging significantly across the county. Zip code 05345 has the highest median home price at $161,250.
Property Tax Assessment Values Across Newfane, Windham County, Vermont
Source: Ownwell
$126,350
$222,725
$319,100
Median Newfane Market Value
$161,250
Median Windham County Market Value
$195,000
Median Vermont Market Value
$199,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Newfane, Windham County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05345 | $8,300 | $82,025 | $161,250 | $229,975 | $301,250 |
Source: Ownwell
Property Tax Bills Across Newfane, Windham County, Vermont
Median Newfane Tax Bill
$3,664
Median Windham County Tax Bill
$3,712
Median Vermont Tax Bill
$3,843
Median United States Tax Bill
$2,400
Property Tax Bills Across Newfane, Windham County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05345 | $188 | $1,815 | $3,664 | $5,238 | $6,832 |
Source: Ownwell