05735 Property Tax Rate

Property owners in ZIP code 05735 (Castleton, Vermont) pay a median of $3,133/year in property taxes on homes valued at $226,800. This translates to an effective tax rate of 1.38%, which is 18% below the Vermont state average of 1.69%.

The monthly property tax burden for a median-valued home in 05735 is approximately $261, which factors into escrow payments on mortgages. This ZIP code is located within Rutland County. This is $1,528 less than the Vermont average of $4,661/year.

Compared to similar ZIP codes in Vermont, 05735 has lower property taxes. ZIP codes with similar effective rates include 05736 (1.38%) and 05254 (1.39%).

In Castleton, property taxes represent approximately 4.1% of the median household income of $76,816, providing context for the relative tax burden on homeowners in this area.

Vermont imposes no statewide cap on assessment growth; your home will be reassessed to current market value at purchase and annually by the town. Rutland County municipalities provide a Homestead Property Tax Exemption and Elderly/Disabled Exemption programs for primary residences — file claims with your town assessor by April 15 to receive available benefits. Identify your specific town assessor in Rutland County and submit your homestead exemption claim within 30 days of purchase to maximize tax relief.