Grand Isle County, Vermont Property Taxes

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

Median Grand Isle County effective property tax rate: 1.98%, significantly higher than the national median of 1.02%.
Median Grand Isle County home value: $222,800
Median annual Grand Isle County tax bill: $4,237, $1,837 higher than the national median property tax bill of $2,400.

How are property taxes in Grand Isle County calculated?

Property taxes in Grand Isle County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Grand Isle or another part of Grand Isle County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

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

$4,411

$4,094

Ownwell’s Grand Isle County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grand Isle County with just two data points. By entering your property's estimated assessed value, our calculator applies Grand Isle County’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 more 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 Grand Isle County, Vermont

Local government entities are responsible for setting property tax rates, which can differ significantly across Vermont. This is because each county, like Grand Isle, annually estimates the budget needed for public services and divides that by the total value of all taxable property within its area. This process determines the property tax rate. While votes and laws play a role in finalizing rates and budgets, this is essentially how it works each year.

In Grand Isle County, the effective property tax rate is 1.98%, which is notably higher than the national median of 1.02%. Within Grand Isle, Alburgh has the highest median tax rate at 2.04%, while North Hero has the lowest at 1.98%. These figures highlight the variation in tax rates even within a single county. Property owners in Grand Isle County face tax bills that are significantly above the national median, emphasizing the importance of understanding local tax structures and exploring potential appeals or exemptions.

Property Tax Rates Across 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 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 County, Vermont

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Alburgh	1.91%	1.92%	2.04%	2.11%	2.11%
Grand Isle	1.98%	1.98%	1.98%	1.98%	1.98%
North Hero	1.95%	1.98%	1.98%	1.98%	1.98%
Isle La Motte	N/A	N/A	N/A	N/A	N/A
South Hero	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Grand Isle County, Vermont

When examining property taxes in Grand Isle County, 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.

Assessment notices: 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 Grand Isle County. For example, the median tax bill in Grand Isle County is $4,143, with tax bills ranging significantly across the county. Grand Isle has the highest median home price at $262,600.

Property Tax Assessment Values Across Grand Isle County, Vermont

Source: Ownwell

$141,600

$202,100

$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 County, Vermont

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Alburgh	$6,630	$63,225	$141,600	$230,650	$328,040
Grand Isle	$101,220	$184,300	$262,600	$391,100	$624,180
North Hero	$115,080	$184,600	$255,800	$382,900	$549,100
Isle La Motte	N/A	N/A	N/A	N/A	N/A
South Hero	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Grand Isle County, Vermont

In Grand Isle County, Vermont, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Grand Isle County is $222,800, which provides a basis for these calculations. Property tax bills can vary significantly within the county, with the 25th percentile tax bill at $2,386 and the 75th percentile reaching $6,296. At the higher end, the 90th percentile tax bill is $9,597. The highest median tax bill within the county is found in Grand Isle city at $5,143, while Alburgh has the lowest at $2,815. Compared to the national median property tax bill of $2,400, Grand Isle County's tax bills can be considerably higher, affecting homeowners by increasing their annual expenses. Understanding these factors is crucial for homeowners to effectively manage their financial planning and anticipate potential tax liabilities.

Property Tax Bills Across Grand Isle County, Vermont

Source: Ownwell

$2,815

$3,979

$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 County, Vermont

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Alburgh	$125	$1,225	$2,815	$4,638	$6,714
Grand Isle	$1,881	$3,629	$5,143	$7,626	$11,737
North Hero	$2,208	$3,601	$5,037	$7,593	$10,778
Isle La Motte	N/A	N/A	N/A	N/A	N/A
South Hero	N/A	N/A	N/A	N/A	N/A

Source: Ownwell