Grand Isle, Grand Isle County, Vermont Property Taxes
Median Grand Isle, VT effective property tax rate: 1.98%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%.
Median Grand Isle, VT home value: $262,600
Median annual Grand Isle, VT tax bill: $5,143, $2,743 higher than the national median property tax bill of $2,400.
How are property taxes in Grand Isle calculated?
Property taxes in Grand Isle, VT are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Grand Isle’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grand Isle, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Grand Isle, Grand Isle County, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.98%
Estimate Property Tax Bill
$5,199
$4,825
Property Tax Rates Across Grand Isle, Grand Isle County, Vermont
Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
Grand Isle in Vermont has an effective property tax rate of 1.98%, which is significantly higher than the national median property tax rate of 1.02%. This makes it one of the highest in the region. Comparatively, the median property tax rate in Vermont is also 1.98%, aligning with Grand Isle's rate. This indicates that Grand Isle's tax rate is consistent with the state's overall trend. However, when compared to the national median property tax bill of $2400, residents in Grand Isle may find themselves paying a higher amount due to the elevated tax rate. Understanding these differences can help property owners make informed decisions about property investments and tax appeals.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Grand Isle Tax Rate
1.98%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Grand Isle County Tax Rate
1.98%
Median Effective Vermont Tax Rate
2.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Grand Isle, Grand Isle County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05458 | 1.98% | 1.98% | 1.98% | 1.98% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Grand Isle, Grand Isle County, Vermont
When examining property taxes in Grand Isle, VT, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Grand Isle County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Grand Isle County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Grand Isle.
For example, the median home price in Grand Isle is $262,600, with tax bills ranging significantly across the county. Zip code 05458 has the highest median home price at $262,600.
Property Tax Assessment Values Across Grand Isle, Grand Isle County, Vermont
Source: Ownwell
$141,600
$202,100
$262,600
Median Grand Isle Market Value
$262,600
Median Grand Isle County Market Value
$222,800
Median Vermont Market Value
$199,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Grand Isle, Grand Isle County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05458 | $101,220 | $184,300 | $262,600 | $391,100 | $624,180 |
Source: Ownwell
Property Tax Bills Across Grand Isle, Grand Isle County, Vermont
Median Grand Isle Tax Bill
$5,143
Median Grand Isle County Tax Bill
$4,237
Median Vermont Tax Bill
$3,843
Median United States Tax Bill
$2,400
Property Tax Bills Across Grand Isle, Grand Isle County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05458 | $1,881 | $3,629 | $5,143 | $7,626 | $11,737 |
Source: Ownwell