North Hero, Grand Isle County, Vermont Property Taxes

Name: Property Tax Bills Across North Hero, Grand Isle County, Vermont
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median North Hero, 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 North Hero, VT home value: $255,800
Median annual North Hero, VT tax bill: $5,037, $2,637 higher than the national median property tax bill of $2,400.

How are property taxes in Grand Isle calculated?

Property taxes in North Hero, 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 North Hero’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in North Hero, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

North Hero, Grand Isle County, Vermont Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.98%

Estimate Property Tax Bill

$5,065

$4,700

Ownwell’s North Hero Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in North Hero with just two data points. By entering your property's estimated assessed value, our calculator applies North Hero’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Grand Isle County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across North Hero, Grand Isle County, Vermont

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare North Hero’s effective property tax rate to other cities in Vermont and the median property tax rates in Vermont and the U.S. North Hero, located in Grand Isle County, has a median property tax rate of 1.98%. This rate is notably higher than the national median property tax rate of 1.02%. Residents of North Hero pay a higher property tax bill compared to the national median of $2400. Interestingly, North Hero shares the same median tax rate with other areas in the region, emphasizing a consistent approach to property tax assessments within the county. This consistency can be attributed to the county's budgeting needs and property value assessments.

Property Tax Rates Across North Hero, Grand Isle County, Vermont

Source: Ownwell

1.98%

2.01%

2.04%

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 North Hero Tax Rate

1.98%

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 North Hero, Grand Isle County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
05474	1.95%	1.98%	1.98%	1.98%	1.98%

Source: Ownwell

Property Tax Assessment Values Across North Hero, Grand Isle County, Vermont

When examining property taxes in North Hero, 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 May. 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 North Hero. For example, the median home price in North Hero is $255,800, with tax bills ranging significantly across the county. Zip code 05474 has the highest median home price at $255,800.

Property Tax Assessment Values Across North Hero, Grand Isle County, Vermont

Source: Ownwell

$141,600

$202,100

$262,600

Median North Hero Market Value

$255,800

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 North Hero, Grand Isle County, Vermont

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
05474	$115,080	$184,600	$255,800	$382,900	$549,100

Source: Ownwell

Property Tax Bills Across North Hero, Grand Isle County, Vermont

Property tax bills in North Hero, located in Grand Isle County, VT, are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the property tax bill. In North Hero, the property tax bill can vary significantly, with the 25th percentile at $3,601 and the 75th percentile reaching $7,593. Some homeowners may see bills as high as $10,778, which is considerably above the national median property tax bill of $2,400. Such variability can be attributed to differences in assessed values and tax rates within the area. These high property taxes can pose a financial burden on homeowners, impacting their overall cost of living. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax bills. By reviewing and challenging assessments, Ownwell can help ensure that homeowners are not overpaying, offering significant savings and reducing the financial strain of high property taxes.

Property Tax Bills Across North Hero, Grand Isle County, Vermont

Source: Ownwell

$2,815

$3,979

$5,143

Median North Hero Tax Bill

$5,037

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 North Hero, Grand Isle County, Vermont

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
05474	$2,208	$3,601	$5,037	$7,593	$10,778

Source: Ownwell