Hardwick, Lamoille County, Vermont Property Taxes
Median Hardwick, VT effective property tax rate: 3.38%, significantly higher than the national median of 1.02%, but lower than the Vermont state median of 2.11%.
Median Hardwick, VT home value: $133,600
Median annual Hardwick, VT tax bill: $4,252, $1,852 higher than the national median property tax bill of $2,400.
How are property taxes in Lamoille calculated?
Property taxes in Hardwick, 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 Hardwick’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hardwick, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hardwick, Lamoille County, Vermont Property Tax Bill Calculator
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Property Tax Rates Across Hardwick, Lamoille County, Vermont
Local government entities set tax rates, which can vary widely within a state. 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, this is the annual process.
HARDWICK in Lamoille County, Vermont, has an effective property tax rate of 3.38%, significantly higher than the national median of 1.02%. This difference highlights the variability of property tax rates across different regions. Vermont's rates can be higher than those in other states, reflecting its unique budgetary needs and property values. The median property tax bill in Vermont is often above the national median of $2400, emphasizing the importance of understanding local tax obligations. Comparing HARDWICK's tax rate with other cities in Vermont and the national average provides valuable insights for property owners. Understanding these differences can help residents make informed decisions about property ownership and financial planning in Vermont.
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 Lamoille County Tax Rate
1.63%
Median Effective Vermont Tax Rate
1.92%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hardwick, Lamoille County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Hardwick, Lamoille County, Vermont
When examining property taxes in Hardwick, 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 Lamoille 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 Lamoille 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 Hardwick.
For example, the median home price in Hardwick is $133,600, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Hardwick, Lamoille County, Vermont
Source: Ownwell
$134,710
$395,980
$657,250
Median Lamoille County Market Value
$246,700
Median Vermont Market Value
$206,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hardwick, Lamoille County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Hardwick, Lamoille County, Vermont
In Hardwick, located in Lamoille County, VT, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $133,600, the town's property tax rate is notably higher than the national median rate of 1.02%. This results in a median property tax bill that can be significantly above the national median of $2,400. For example, in Hardwick, homeowners at the 25th percentile pay around $4,021, while those at the 75th percentile see bills of approximately $4,484. Even at the 90th percentile, tax bills reach $4,623, highlighting the financial impact on residents.
Factors influencing these bills include the local government's budgetary needs and the assessed value of properties. High property taxes can strain homeowners, making it crucial to explore ways to reduce these expenses. Ownwell helps by offering property tax appeal and exemption services, ensuring homeowners aren't overpaying. Through expert analysis and representation, Ownwell can help secure potential savings, easing the tax burden on Hardwick residents.
Median Lamoille County Tax Bill
$3,764
Median Vermont Tax Bill
$4,235
Median United States Tax Bill
$2,400
Property Tax Bills Across Hardwick, Lamoille County, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell