Next Year's Taxes: With and Without the Warehouse Projects
Use this tool to estimate how your taxes will change due to mandatory property reassessment — and how much the new warehouse properties on Southford Road and Straits Turnpike could help reduce that increase.
Don’t know your assessment? You can look it up by name or address by clicking this link at Vision Appraisal.
Projected Home Value Next Year (50% Increase)
$540.0K
2024 Taxes
$11.7K
2025 Without Dev
$13.3K
2025 With Dev
$12.5K
Percent Savings: 6.5%
Why Are Taxes Going Up?
Middlebury is undergoing a property value reassessment, and most home values are expected to rise by about 50%. That means tax bills will also increase — even if the town’s mill rate stays the same.
The proposed warehouse properties on Southford Road and Straits Turnpike will help offset that increase by generating an estimated $2.9 million in tax revenue. This revenue lets the town keep the mill rate lower, softening the tax increase for homeowners.
Without the projects, the average tax bill on a $540k home would be $13,172. With them, that same bill would be $12,490 — a savings of $681 (about 5.2%).
Based on 2025 mill rate estimates from updated Grand List projections and budget assumptions. Data provided by local financial experts.