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Vermont has an effective property tax rate of 1.78%, producing an average annual bill of $4,329. The US national average is 1.07% — Vermont's rate is well above, placing it at rank #46 out of 50 states (rank 1 = lowest).
Vermont assesses property at 100% of fair market value. The state sets an Education Property Tax Rate that applies statewide, on top of which municipalities add their own rates. Vermont's education funding system is unusual in that residential property tax rates are income-sensitive.
Vermont's Income Sensitivity Adjustment is a unique system where lower-income homeowners' effective education property tax rate is capped at a percentage of their household income, rather than a fixed rate. This means the effective rate varies significantly by income.
No formal cap on assessment increases. Vermont's Act 60/68 education funding system redistributes property tax revenue across the state, partially decoupling local property wealth from local school funding.
Vermont's income-sensitive property tax system means a family earning $60,000/year may pay education property taxes at just 2% of income regardless of their home's value — a significant potential savings for modest-income homeowners in high-value areas like the ski resort communities.
The median home value in Vermont is $375,000. Vermont saw extraordinary demand during COVID as New York and Boston metro residents sought rural retreats. Chittenden County (Burlington) and ski resort towns (Stowe, Killington area) have seen prices up 40-50% since 2020. At the 1.78% effective rate, a homeowner at the median value pays roughly $4,329/year in property taxes.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
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