Hartland, Vermont Property Taxes
The median property tax rate in Hartland, VT is 1.11%, slightly higher than the national median of 0.99% but significantly lower than Vermont's state median of 2.11%. With the median home value in Hartland at $251,150, the typical annual property tax bill reaches $2,752, just above the national median of $2,690. Property taxes in Hartland are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Hartland's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hartland or another part of Windsor County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hartland, Vermont Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,788
Ownwell’s Hartland Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Hartland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in 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 Hartland, Vermont
Property taxes in Hartland, Vermont, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hartland is 1.11%, higher than both the Vermont state median and the U.S. national median of 0.99%. Local government entities within Hartland set these rates annually, and they can vary significantly across different neighborhoods. Each year, 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 Hartland's effective property tax rate to other counties in Vermont and the national median. For comparison, the 05052 zip code has the highest median property tax rate of 2.19%, while the 05048 zip code has the lowest median tax rate of 1.11%. Understanding how these areas compare with 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 Hartland Tax Rate
1.11%
Average Windsor County Tax Rate
2.21%
Average Vermont Tax Rate
2.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartland, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05048 | 0.33% | 0.77% | 1.11% | 2.19% | 2.19% |
| 05052 | 2.19% | 2.19% | 2.19% | 2.19% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Hartland, Vermont
In Hartland, Vermont, understanding the difference between "market value" and "assessed value" is essential 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 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. For instance, in Hartland, the median home price stands at $251,150. The highest median tax bill is $2,753 in the 05048 zip code, while the lowest median tax bill is $1,158 in the 05052 zip code. 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 Hartland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hartland Assessed Value
$251,150
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 Hartland, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05048 | $121,300 | $174,100 | $251,200 | $338,600 | $476,220 |
| 05052 | $52,800 | $52,800 | $52,800 | $52,800 | $52,800 |
Source: Ownwell
Property Tax Bills Across Hartland, Vermont
Property tax bills in Hartland, Windsor County, VT are calculated based on the assessed value of a property and the local tax rate. The median home price in Hartland is $251,150. Property values are determined by the local assessor and reflect the market conditions and characteristics of each property. The tax rate is applied to the assessed value to determine the tax bill. For homeowners in Hartland, the property tax bill can vary significantly. The 25th percentile tax bill is $1,466, while the 75th percentile tax bill rises to $4,668. At the 90th percentile, it can reach up to $7,503. Comparatively, the highest median tax bill in Windsor County is $2,753 in zip code 05048, while the lowest median tax bill is $1,158 in zip code 05052. These variations highlight the impact of property value assessments and local tax rates on the overall tax burden for homeowners. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Hartland Tax Bill
$2,752
Average Windsor County Tax Bill
$4,455
Average Vermont Tax Bill
$3,843
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartland, Vermont
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 05048 | $602 | $1,467 | $2,753 | $4,675 | $7,504 |
| 05052 | $1,158 | $1,158 | $1,158 | $1,158 | $1,158 |
Source: Ownwell