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Major Vermont Taxes
Property Taxes
For tax year 2006 (FY07), the base education tax rate for homestead property was $.95. It was
adjusted by the district spending adjustment, and by the school district’s common level of
appraisal.
For tax year 2006 (FY07), the base tax rate for nonresidential property was $1.44. It was
adjusted by the school district’s common level of appraisal. The district spending adjustment
does not affect the nonresidential rate.
Property Tax Relief
Current Use Program - Property in active agricultural of forest use may be enrolled in the use
value appraisal program. In return for a commitment to keep the property in those uses, it is
assessed at its current use value rather than fair market value. 32 V.S.A. Chapter 124. The state
reimburses the towns and cities for losses in municipal revenue.
Enrolled property is subject a perpetual lien in favor of the State of Vermont. A land use change
tax is levied if enrolled property is “developed.”
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