05491 Property Tax Rate

Property owners in ZIP code 05491 (Vergennes, Vermont) pay a median of $5,546/year in property taxes on homes valued at $306,000. This translates to an effective tax rate of 1.81%, which is 7% above the Vermont state average of 1.69%.

The monthly property tax burden for a median-valued home in 05491 is approximately $462, which factors into escrow payments on mortgages. This ZIP code is located within Addison County. This is $885 more than the Vermont average of $4,661/year.

Compared to similar ZIP codes in Vermont, 05491 has higher property taxes. ZIP codes with similar effective rates include 05041 (1.81%) and 05739 (1.81%).

In Vergennes, property taxes represent approximately 6.1% of the median household income of $91,053, providing context for the relative tax burden on homeowners in this area.

Vermont has no annual assessment increase cap; your property will be assessed at current market value when purchased and annually by your town. Addison County municipalities provide a Homestead Property Tax Exemption (typically $6,500) and Homestead Education Tax Credit for primary residences — file applications with your town assessor by April 15 to receive exemptions. Obtain your town assessor's contact information in Addison County and submit your homestead exemption claim within 30 days of purchase to secure these benefits.