 The community of Tolt, an Anglicized name for the Tolthue River ( or ), was founded in 1865 and platted in 1902.Tolt was incorporated as a town on December 30, 1912, shortly after the arrival of the Milwaukee Road, which provided train connections to Monroe in the north.The valley was home to several dairy farms established in the 1900s, including a research farm for the Carnation Evaporated Milk Company.