North Hartland, Vermont Property Taxes
The median property tax rate in North Hartland, VT is 2.19%, significantly higher than both the national median of 0.99% and the Vermont state median of 2.11%. With the median home value in North Hartland, the typical annual property tax bill reaches $2,407, which is close to the national median of $2,690. Property taxes in North Hartland are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Hartland's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of North Hartland or another part of Windsor County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North Hartland, Vermont Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.11%
Estimate Property Tax Bill
$4,220
Ownwell’s North Hartland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Hartland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Hartland to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across North Hartland, Vermont
Property taxes in North Hartland, Vermont, are crucial for funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in North Hartland is 2.19%, significantly higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within North Hartland set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Hartland estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares North Hartland's effective property tax rate to other counties in Vermont and the national median. For comparison, the zip code 05052 has the highest median property tax rate of 2.19%, while the same zip code also has the lowest median tax rate of 2.19%. Understanding how these cities compare with North Hartland provides valuable insights into the varying tax landscape across Windsor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Hartland Tax Rate
2.19%
Average Windsor County Tax Rate
2.21%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Hartland, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05052 | 0.53% | 1.12% | 2.19% | 2.19% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across North Hartland, Vermont
In North Hartland, Vermont, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Windsor County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In North Hartland, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in North Hartland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2407.00 in zip code 05052, while the lowest median tax bill is also $2407.00 in the same zip code.
Average North Hartland Assessed Value
$144,450
Average Windsor County Assessed Value
$205,000
Average Vermont Assessed Value
$199,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Hartland, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05052 | $58,520 | $97,500 | $144,450 | $201,950 | $260,250 |
Source: Ownwell
Property Tax Bills Across North Hartland, Vermont
In North Hartland, located in Windsor County, VT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the town's assessor, who evaluates the property's market value. This value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $144,450, homeowners can expect varying tax bills. The 25th percentile tax bill is around $1,343, while the 75th percentile reaches $3,621, and the 90th percentile can go up to $4,870. These tax bills significantly impact homeowners, as they must be factored into the overall cost of owning a home. Compared to the national median property tax rate of 0.99%, North Hartland's property taxes can be relatively higher, making it essential for homeowners to budget accordingly. Understanding these factors helps residents plan their finances and make informed decisions about their property investments.
Average North Hartland Tax Bill
$2,407
Average Windsor County Tax Bill
$4,455
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across North Hartland, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05052 | $523 | $1,343 | $2,407 | $3,621 | $4,870 |
Source: Ownwell