Norwich, Windsor County, Vermont Property Taxes
Median Norwich, VT effective property tax rate: 2.34%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%. Median Norwich, VT home value: $436,900. Median annual Norwich, VT tax bill: $10,222, $7,822 higher than the national median property tax bill of $2,400.
How are property taxes in Windsor calculated?
Property taxes in Norwich, 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 Norwich’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Norwich, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Norwich, Windsor County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.34%
Estimate Property Tax Bill
$10,223
$9,487
Ownwell’s Norwich Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Norwich with just two data points.
By entering your property's estimated assessed value, our calculator applies Norwich’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 Windsor County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Norwich, Windsor County, Vermont
Local government entities are responsible for setting tax rates, leading to significant variations within a state. Each year, counties estimate their required budget to fund services and divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
Norwich in Windsor County, VT, has an effective property tax rate of 2.34%, which is notably higher than the national median of 1.02%. This rate places Norwich at the higher end of the spectrum compared to other cities in Vermont. The state's property tax rates can vary, but Norwich stands out with its higher rate. This could be due to the specific budgetary needs of the local government and the total assessed value of properties in the area. Understanding these factors can be crucial for property owners looking to manage their tax responsibilities effectively.
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 Norwich Tax Rate
2.34%
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 Windsor County Tax Rate
2.21%
Median Effective Vermont Tax Rate
2.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Norwich, Windsor County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05055 | 2.34% | 2.34% | 2.34% | 2.34% | 2.34% |
Source: Ownwell
Property Tax Assessment Values Across Norwich, Windsor County, Vermont
When examining property taxes in Norwich, 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 Windsor 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 Windsor 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 Norwich.
For example, the median home price in Norwich is $436,900, with tax bills ranging significantly across the county. Zip code 05055 has the highest median home price at $436,900.
Property Tax Assessment Values Across Norwich, Windsor County, Vermont
Source: Ownwell
$129,900
$283,400
$436,900
Median Norwich Market Value
$436,900
Median Windsor County Market Value
$205,000
Median Vermont Market Value
$199,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Norwich, Windsor County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05055 | $229,240 | $322,400 | $436,900 | $588,800 | $793,040 |
Source: Ownwell
Property Tax Bills Across Norwich, Windsor County, Vermont
In Norwich, Windsor County, VT, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and market trends influence the assessed value. Homeowners in Norwich face a significant property tax burden, with the median tax bill standing at $10,222, notably higher than the national median of $2,400. This disparity highlights the impact of property taxes on homeowners in the area, where even the lowest median tax bill in the 05055 zip code is $10,222.
Ownwell offers valuable assistance to homeowners in Norwich by providing expert property tax appeal and exemption services. By analyzing the assessed value and comparing it to market trends, Ownwell identifies potential discrepancies and helps homeowners file appeals. This process can lead to reduced tax bills, offering significant savings and financial relief. Homeowners can rely on Ownwell's expertise to navigate the complexities of property tax assessments and ensure fair taxation.
Median Norwich Tax Bill
$10,222
Median Windsor County Tax Bill
$4,455
Median Vermont Tax Bill
$3,843
Median United States Tax Bill
$2,400
Property Tax Bills Across Norwich, Windsor County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05055 | $5,375 | $7,542 | $10,222 | $13,773 | $18,555 |
Source: Ownwell