Stowe Tax Rate
The tax rate is calculated per $100 of assessed value, with different rates for primary residences (homestead) and all others (non-homestead). Town-wide, the State mandates that assessed values need to average no less than 85% of market value, however, with the recent surge in real estate prices, you will see a sharp discrepancy, in most instances, between the current assessment and sale prices. Towns are required to reassess every 8-12 years, so expect the assessed values to realign with market sales in the next year or two since the last town-wide assessment in Stowe took place in 2012. What this will mean in practical terms is that the assessment for a property will go up, but the tax rate will likely go down.
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