05474 Property Tax Rate

Property owners in ZIP code 05474 (North Hero, Vermont) pay a median of $5,036/year in property taxes on homes valued at $404,100. This translates to an effective tax rate of 1.25%, which is 26% below the Vermont state average of 1.69%.

The monthly property tax burden for a median-valued home in 05474 is approximately $420, which factors into escrow payments on mortgages. This ZIP code is located within Grand Isle County. This is $375 more than the Vermont average of $4,661/year.

Compared to similar ZIP codes in Vermont, 05474 has higher property taxes. ZIP codes with similar effective rates include 05161 (1.24%) and 05255 (1.24%).

In North Hero, property taxes represent approximately 4.9% of the median household income of $103,672, providing context for the relative tax burden on homeowners in this area.

Vermont does not cap annual assessment increases; reassessment to market value occurs at purchase and through annual town revaluations. Grand Isle County towns offer a Homestead Property Tax Exemption and tax credits for primary residences — file applications with your town assessor by April 15 to claim available benefits. Contact your specific town assessor in Grand Isle County immediately after closing and file your homestead exemption claim to secure relief for the upcoming tax year.