05492 Property Tax Rate

Property owners in ZIP code 05492 (Waterville, Vermont) pay a median of $4,189/year in property taxes on homes valued at $249,400. This translates to an effective tax rate of 1.68%, which is near the Vermont state average of 1.69%.

The monthly property tax burden for a median-valued home in 05492 is approximately $349, which factors into escrow payments on mortgages. This ZIP code is located within Lamoille County. This is $472 less than the Vermont average of $4,661/year.

Compared to similar ZIP codes in Vermont, 05492 has lower property taxes. ZIP codes with similar effective rates include 05472 (1.68%) and 05035 (1.68%).

In Waterville, property taxes represent approximately 5.5% of the median household income of $75,694, providing context for the relative tax burden on homeowners in this area.

Vermont imposes no statewide cap on assessment growth; reassessment to fair market value occurs at sale and annually through town revaluations. Lamoille County towns offer a Homestead Property Tax Exemption and property tax credits for primary residences — submit your application to your town assessor by April 15 to claim available benefits. Contact your Lamoille County town assessor immediately after closing and file your homestead exemption claim to maximize available tax relief.