05843 Property Tax Rate

Property owners in ZIP code 05843 (Hardwick, Vermont) pay a median of $3,366/year in property taxes on homes valued at $181,100. This translates to an effective tax rate of 1.86%, which is 10% above the Vermont state average of 1.69%.

The monthly property tax burden for a median-valued home in 05843 is approximately $281, which factors into escrow payments on mortgages. This ZIP code is located within Caledonia County. This is $1,295 less than the Vermont average of $4,661/year.

Compared to similar ZIP codes in Vermont, 05843 has higher property taxes. ZIP codes with similar effective rates include 05065 (1.86%) and 05860 (1.86%).

In Hardwick, property taxes represent approximately 6.1% of the median household income of $54,750, providing context for the relative tax burden on homeowners in this area.

Vermont does not limit annual assessment increases; reassessment to fair market value occurs at purchase and each year thereafter by town boards. Caledonia County municipalities offer a Homestead Property Tax Exemption and property tax credit for qualifying primary residences — contact your town assessor by April 15 to file for exemptions specific to your municipality. Obtain the contact information for your Caledonia County town assessor and file your homestead claim immediately upon purchase to ensure timely processing.