05045 Property Tax Rate

Property owners in ZIP code 05045 (Fairlee, Vermont) pay a median of $5,648/year in property taxes on homes valued at $265,200. This translates to an effective tax rate of 2.13%, which is 26% above the Vermont state average of 1.69%.

The monthly property tax burden for a median-valued home in 05045 is approximately $471, which factors into escrow payments on mortgages. This ZIP code is located within Orange County. This is $987 more than the Vermont average of $4,661/year.

Compared to similar ZIP codes in Vermont, 05045 has lower property taxes. ZIP codes with similar effective rates include 05201 (2.14%) and 05743 (2.14%).

In Fairlee, property taxes represent approximately 7.6% of the median household income of $73,889, providing context for the relative tax burden on homeowners in this area.

Vermont imposes no statewide cap on assessment growth; your property is subject to town revaluation at sale and annually thereafter. Orange County towns provide a Homestead Property Tax Exemption (typically $6,500) and a Homestead Education Tax Credit for primary residences — apply to your town assessor by April 15 to claim these benefits. File your exemption claim with your specific town assessor in Orange County immediately after closing to avoid missing municipal deadlines.