05853 Property Tax Rate

Property owners in ZIP code 05853 (Morgan, Vermont) pay a median of $3,551/year in property taxes on homes valued at $259,800. This translates to an effective tax rate of 1.37%, which is 19% below the Vermont state average of 1.69%.

The monthly property tax burden for a median-valued home in 05853 is approximately $296, which factors into escrow payments on mortgages. This ZIP code is located within Orleans County. This is $1,110 less than the Vermont average of $4,661/year.

Compared to similar ZIP codes in Vermont, 05853 has higher property taxes. ZIP codes with similar effective rates include 05153 (1.36%) and 05445 (1.37%).

In Morgan, property taxes represent approximately 4.0% of the median household income of $88,558, providing context for the relative tax burden on homeowners in this area.

Vermont has no annual assessment increase cap; reassessment to fair market value occurs at sale and continues through annual town revaluations. Orleans County towns provide a Homestead Property Tax Exemption and property tax credits for qualifying primary residences — apply with your town assessor by April 15 to claim exemptions. File your homestead exemption application with your Orleans County town assessor within 30 days of closing to secure available tax relief.