City budget
The city's property tax rates, what the property tax raises for the city and for Vermont's schools, and the value of the city's property, from the Vermont Department of Taxes.
Checked . State figures as of ; the Department of Taxes publishes each year's figures the January after.
Summary
- Homestead tax rate $2.3825 Per $100 of listed value · Tax year 2025
- Property tax raised $135.9M Tax year 2025
- Average homestead tax bill $10,043 Tax year 2025 · Calculated by Publick
- Property tax per resident $3,087 Tax year 2025 · State median $3,386 · Calculated by Publick
Property tax rates
Vermont's property tax has two parts. The education tax pays for schools across the state: a home its owner lives in (a homestead) is taxed at the homestead rate, and everything else at the nonhomestead rate. The municipal tax pays for the city. Rates are in dollars for each $100 of listed value. Vermont names each tax year by its grand list of April 1: tax year 2025's taxes pay for July 2025 to June 2026.
| Tax year | Homestead education | Nonhomestead education | Municipal | Local agreement |
|---|---|---|---|---|
| 2025 | $1.5264 | $1.5072 | $0.8557 | $0.0004 |
| 2024 | $1.5985 | $1.5837 | $0.8326 | $0.0005 |
| 2023 | $1.4485 | $1.4591 | $0.7523 | $0.0005 |
In tax year 2025, the median Vermont town's homestead education rate was $1.5098, its nonhomestead rate $1.6980, and its municipal rate $0.6147.
Calculated by Publick. The middle of each kind of rate among the Vermont towns in PVR's table that year; a town with no homesteads (an unorganized town or gore) has no homestead rate that counts.
Each town's education rates depend on what its school district spends per pupil, adjusted for how its listed values compare with sale prices (its common level of appraisal). The local agreement rate pays the town's share of the state's tax stabilization agreements. Source: Vermont Department of Taxes, Property Valuation and Review Annual Report (opens in new tab).
What the property tax raises
In tax year 2025, the property tax raised $135.9M in all. The education taxes go to the state's Education Fund, which pays for every Vermont school district; the city keeps the municipal tax.
| Tax year | Total | Education | Municipal |
|---|---|---|---|
| 2025 | $135.9M | $85.6M | $50.3M |
| 2024 | $137.2M | $88.2M | $49.0M |
| 2023 | $124.2M | $80.2M | $44.0M |
Taxes for fire, village, and other districts within the city aren't included. Source: Vermont Department of Taxes, Property Valuation and Review Annual Report (opens in new tab).
The grand list
The grand list is the listed value of everything the city taxes: $5,880.9M in tax year 2025. Listed values were 76.25% of what properties sold for (the common level of appraisal), so the state puts the city's property at $7,676.3M (its equalized value).
| Tax year | Listed value | Common level of appraisal | Equalized value |
|---|---|---|---|
| 2025 | $5,880.9M | 76.25% | $7,676.3M |
| 2024 | $5,883.0M | 81.76% | $7,167.3M |
| 2023 | $5,842.8M | 87.83% | $6,633.6M |
When the common level of appraisal falls well below 100%, listed values have fallen behind the market and the state may order a reappraisal. Source: Vermont Department of Taxes, Property Valuation and Review Annual Report (opens in new tab).
Average homestead tax bill
In tax year 2025, the average homestead in Burlington was listed at $421,593. At that year's rates, its tax bill was $10,043, before the property tax credit.
Calculated by Publick. The average listed value of 5,674 homesteads (homes their owners live in, on less than six acres) in VCGI's statewide parcel data, taxed at the town's 2025 homestead education, municipal, and local agreement rates, with any part of a home's value not declared as homestead at the nonhomestead rate. It's the bill before the property tax credit, which lowers many homestead bills by household income. Vermont doesn't publish an average bill.
Most Vermont households that own their home pay less than this bill: the property tax credit lowers the education tax by household income. Sources: Vermont Department of Taxes, tax rates (opens in new tab); VCGI, statewide standardized parcel data (opens in new tab).
Property tax per resident
In tax year 2025, Burlington's property tax came to $3,087 per resident. The median across 253 Vermont towns and cities was $3,386.
Calculated by Publick. Each town's total 2025 property tax (education, municipal, and local agreement taxes), from PVR, divided by its Census population estimate for July 1, 2025. The median is of 253 Vermont towns and cities; the Census doesn't count a few villages and unified towns PVR lists separately.
Property tax per resident depends on how much of a town's tax base is businesses rather than homes, and on seasonal homes, whose owners pay tax but aren't counted as residents. Population: 44,019. Sources: Vermont Department of Taxes (opens in new tab); U.S. Census Bureau population estimates (opens in new tab).
City budget documents, including department detail, are on the city website (opens in new tab).
– means no figure for that year: the state hasn't published it, or, for a change, there's no earlier year to compare with.