Springfield, Windsor County, Vermont Property Taxes
Median Springfield, VT effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but lower than the Vermont state median of 2.11%.
Median Springfield, VT home value: $141,200
Median annual Springfield, VT tax bill: $1,147, $1,253 lower than the national median property tax bill of $2,400.
How are property taxes in Windsor County 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, Windsor County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.8%
Estimate Property Tax Bill
$1,130
$1,048
Property Tax Rates Across Springfield, Windsor County, Vermont
Local government entities determine property tax rates, and these can vary significantly within Vermont. The process involves each county estimating its annual budget to fund local services and dividing this by the total assessed value of all taxable properties in the area. This results in the property tax rate. While setting these rates involves votes and legal frameworks, this is the fundamental process.
In Springfield, located in Windsor County, the effective property tax rate is 0.80%, which aligns with both the highest and lowest rates within the county. This uniformity indicates a consistent approach to property taxation across the region. Compared to the national median property tax rate of 1.02%, Springfield's rate is notably lower. This difference can result in significant savings for property owners in the area when compared to the national average.
Understanding these rates is crucial for property owners in Springfield, as it impacts their annual property tax bills. The lower rate in Springfield can contribute to a more affordable cost of living, making it an attractive option for homeowners seeking budget-friendly locations within Vermont.
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
0.80%
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 Springfield, Windsor County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05156 | 0.15% | 0.58% | 0.80% | 2.68% | 3.27% |
Source: Ownwell
Property Tax Assessment Values Across Springfield, Windsor County, Vermont
When examining property taxes in Springfield, 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 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.
Assessment notices: In Windsor 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 Springfield. For example, the median home price in Springfield is $141,200, with tax bills ranging significantly across the county. Zip code 05156 has the highest median home price at $141,200.
Property Tax Assessment Values Across Springfield, Windsor County, Vermont
Source: Ownwell
$129,900
$283,400
$436,900
Median Springfield Market Value
$141,200
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 Springfield, Windsor County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05156 | $65,580 | $102,200 | $141,200 | $189,850 | $264,720 |
Source: Ownwell
Property Tax Bills Across Springfield, Windsor County, Vermont
Median Springfield Tax Bill
$1,147
Median Windsor County Tax Bill
$4,455
Median Vermont Tax Bill
$3,843
Median United States Tax Bill
$2,400
Property Tax Bills Across Springfield, Windsor County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05156 | $127 | $583 | $1,147 | $2,389 | $5,199 |
Source: Ownwell