Vermont Income Tax
Vermont has a progressive income tax with rates ranging from 3.35-8.75%. Lower income earners pay the lower rate, with the top rate applying to the highest bracket.
Vermont Sales Tax
The state sales tax rate in Vermont is 6%. With an average local sales tax of 0.38%, the combined average sales tax rate is 6.38%.
Vermont Property Tax
The effective property tax rate in Vermont is 1.9%. With a median home value of $290,200, the median annual property tax bill is $5,056 ($421/month).
Property taxes in Vermont are significantly higher than the national average, which is an important factor for homebuyers.
Corporate & Business Taxes
The corporate tax rate in Vermont is 6-8.5%.
Other Taxes in Vermont
| Tax Type | Rate / Amount |
|---|---|
| Gas Excise Tax | $0.33/gallon |
| Cigarette Tax | $3.08/pack |
| Estate Tax | Yes |
| Inheritance Tax | No |
Key Facts
High property taxes and income taxes. Estate tax on estates above $5M.
Compare to Other States
See how salaries compare on our average salary in Vermont page. Thinking about starting a business? Check our LLC guide for Vermont. See the current minimum wage in Vermont.
Financial Calculators
Plan your finances in Vermont with our free tools:
- Paycheck Calculator — estimate take-home pay after taxes
- Salary Calculator — convert hourly to annual pay
- Mortgage Calculator — estimate monthly home payments
- Home Affordability Calculator — see how property taxes affect what you can afford