05602 Property Tax Rate

Property owners in ZIP code 05602 (Montpelier, Vermont) pay a median of $6,296/year in property taxes on homes valued at $341,700. This translates to an effective tax rate of 1.84%, which is 9% above the Vermont state average of 1.69%.

The monthly property tax burden for a median-valued home in 05602 is approximately $525, which factors into escrow payments on mortgages. This ZIP code is located within Washington County. This is $1,635 more than the Vermont average of $4,661/year.

Compared to similar ZIP codes in Vermont, 05602 has higher property taxes. ZIP codes with similar effective rates include 05682 (1.84%) and 05903 (1.83%).

In Montpelier, property taxes represent approximately 7.7% of the median household income of $81,552, providing context for the relative tax burden on homeowners in this area.

Vermont does not limit annual assessment increases; reassessment to market value occurs at purchase and through annual town revaluations thereafter. Washington County towns offer a Homestead Property Tax Exemption and tax credits for qualifying primary residences — apply with your town assessor by April 15 to claim available relief. Contact your Washington County town assessor immediately after closing and file your homestead exemption application to ensure eligibility for the upcoming tax year.