05455 Property Tax Rate

Property owners in ZIP code 05455 (Fairfield, Vermont) pay a median of $5,269/year in property taxes on homes valued at $322,400. This translates to an effective tax rate of 1.63%, which is 3% below the Vermont state average of 1.69%.

The monthly property tax burden for a median-valued home in 05455 is approximately $439, which factors into escrow payments on mortgages. This ZIP code is located within Franklin County. This is $608 more than the Vermont average of $4,661/year.

Compared to similar ZIP codes in Vermont, 05455 has lower property taxes. ZIP codes with similar effective rates include 05660 (1.63%) and 05461 (1.64%).

In Fairfield, property taxes represent approximately 4.7% of the median household income of $112,712, providing context for the relative tax burden on homeowners in this area.

Vermont has no statewide assessment cap; your home is subject to town reassessment at purchase price and annually thereafter. Franklin County municipalities provide a Homestead Property Tax Exemption and Education Tax Credit for qualifying primary residences — apply with your town assessor by April 15 to receive these exemptions. File your homestead claim with your Franklin County town assessor within 30 days of purchase to ensure timely processing and exemption eligibility.