South Newfane, Windham County, Vermont Property Taxes
Median South 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 South Newfane, VT home value: $189,100
Median annual South Newfane, VT tax bill: $4,038, $1,638 higher than the national median property tax bill of $2,400.
How are property taxes in Windham calculated?
Property taxes in South 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 South Newfane’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in South Newfane, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
South 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
$4,274
$3,966
Ownwell’s South Newfane Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in South Newfane with just two data points.
By entering your property's estimated assessed value, our calculator applies South Newfane’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 Windham County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across South Newfane, Windham County, Vermont
Local government entities are responsible for setting property tax rates, which can differ significantly across various regions within a state. This variation is primarily due to each county's annual budgetary requirements. Every year, counties calculate the necessary budget to maintain services and then divide this by the total value of all taxable properties within their area, resulting in the property tax rate. Although votes and legislative measures play a role in determining tax rates and budgets, this is the fundamental process followed annually.
Comparing South Newfane’s effective property tax rate with other cities in Vermont, it becomes evident that there can be significant differences. Vermont's median property tax rate is notably higher than the national median of 1.02%. This comparison highlights the importance of understanding local tax rates, as they can have a substantial impact on property owners. For residents of Windham County, being aware of these rates can aid in financial planning and decision-making regarding property investments. By staying informed, property owners can better navigate the complexities of property taxation and potentially explore opportunities for tax appeals or exemptions.
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 South 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 South Newfane, Windham County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05351 | 2.04% | 2.04% | 2.26% | 2.27% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across South Newfane, Windham County, Vermont
When examining property taxes in South 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 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 South Newfane. For example, the median home price in South Newfane is $189,100, with tax bills ranging significantly across the county. Zip code 05351 has the highest median home price at $189,100.
Property Tax Assessment Values Across South Newfane, Windham County, Vermont
Source: Ownwell
$126,350
$222,725
$319,100
Median South Newfane Market Value
$189,100
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 South Newfane, Windham County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05351 | $89,680 | $140,375 | $189,100 | $250,400 | $340,820 |
Source: Ownwell
Property Tax Bills Across South Newfane, Windham County, Vermont
In South Newfane, Windham County, VT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor, who evaluates the property's market value. Homeowners in South Newfane face a median property tax bill of $4,038, significantly higher than the national median of $2,400. This disparity highlights the financial burden on homeowners, especially when considering the national median property tax rate of 1.02%.
Factors influencing the tax bill include property size, location, and any improvements made. With tax bills ranging from the 25th percentile at $3,030 to the 90th percentile at $7,320, homeowners may find themselves paying more than anticipated. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners potentially lower their tax obligations. By reviewing assessments and identifying discrepancies, Ownwell assists in ensuring homeowners pay only their fair share, providing relief in a region with notably high property tax bills.
Median South Newfane Tax Bill
$4,038
Median Windham County Tax Bill
$3,712
Median Vermont Tax Bill
$3,843
Median United States Tax Bill
$2,400
Property Tax Bills Across South Newfane, Windham County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05351 | $1,880 | $3,030 | $4,038 | $5,381 | $7,320 |
Source: Ownwell