Springfield, Windham County, Vermont Property Taxes

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

Median Springfield, VT effective property tax rate: 2.73%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%.
Median Springfield, VT home value: $217,800
Median annual Springfield, VT tax bill: $5,950, $3,550 higher than the national median property tax bill of $2,400.

How are property taxes in Windham calculated?

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

Last Updated March 1, 2025

Springfield, Windham County, Vermont Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.73%

Estimate Property Tax Bill

$5,946

$5,518

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

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its 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.

Springfield in Windham County, Vermont, has an effective property tax rate of 2.73%, which is significantly higher than the national median property tax rate of 1.02%. This means that homeowners in Springfield may face higher property tax bills compared to many other parts of the country. The median property tax bill in the U.S. is $2,400, and Springfield's rate suggests that residents could be paying a substantial amount more.

Comparing Springfield’s effective property tax rate to other cities in Vermont and the national median provides a clearer picture of where it stands. Understanding these differences can help homeowners make informed decisions about property investments and budget planning.

Property Tax Rates Across Springfield, Windham County, Vermont

Source: Ownwell

0.74%

2.04%

3.34%

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 Springfield Tax Rate

2.73%

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 Springfield, Windham County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
05156	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Springfield, Windham County, Vermont

When examining property taxes in Springfield, VT, 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 April. 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 Springfield. For example, the median home price in Springfield is $217,800, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Springfield, Windham County, Vermont

Source: Ownwell

$126,350

$222,725

$319,100

Median Springfield Market Value

$217,800

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 Springfield, Windham County, Vermont

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
05156	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Springfield, Windham County, Vermont

In Springfield, located in Windham County, VT, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in this area is $217,800. Homeowners face a significant burden, with tax bills ranging from the 25th percentile at $5,407 to the 90th percentile at $8,450, which is considerably higher than the national median property tax bill of $2,400. This financial strain is due to the local tax rates applied to the assessed value of properties, which can vary based on changes in local government budgets and school funding requirements.

For homeowners in Springfield, these high tax bills can be overwhelming. However, Ownwell offers a solution by helping homeowners appeal their property tax assessments. Through expert analysis and negotiation, Ownwell can identify potential errors in assessments and work to lower tax obligations, ensuring homeowners aren't overpaying. By leveraging Ownwell's expertise, Springfield residents can potentially save significantly on their property tax bills, providing relief and financial peace of mind.

Property Tax Bills Across Springfield, Windham County, Vermont

Source: Ownwell

$1,451

$5,175

$8,898

Median Springfield Tax Bill

$5,950

Median Windham County Tax Bill

$3,712

Median Vermont Tax Bill

$3,843

Median United States Tax Bill

$2,400

Property Tax Bills Across Springfield, Windham County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
05156	N/A	N/A	N/A	N/A	N/A

Source: Ownwell