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Equalization Study

Purpose

Vermont raises education funds through several tax sources, including a state education property tax. The state education property tax is based on each municipality’s grand list of properties. The Division of Property Valuation and Review (PVR) conducts an annual Equalization Study of all the municipal grand lists.

The primary purpose of the Equalization Study is to assess how close the properties on the grand lists compare to fair market value. The reference to equalization stems from the fact that most municipalities’ grand lists are not at 100% of fair market value in any given year. If the grand lists were always at 100% of fair market value, there would be no reason for the state to estimate market values and determine common levels of appraisal (CLA). The CLA is used to equalize the education property tax rates throughout the state.

The commissioner is required to determine the equalized education property tax grand list and coefficient of dispersion (COD) for each municipality in the State. 32 V.S.A. § 5405. The COD helps to ensure that property valuations within a municipality are equitable.

The results of the Equalization Study accomplish the following:

  • Determine education property tax rates

  • Determine whether a municipality must undergo a reappraisal

  • Determine taxes municipalities pay to the county

2023 Equalization Study Results

Beginning in 2023, municipal officials can access the town-level equalization study reports through the Vermont Department of Taxes Property Tax Information Exchange software (VTPIE). The Equalization Study Results Letters (PDF), Certified Sales Reports (PDF), and Certified Final Computation Sheets (PDF) are no longer required to be available on the department's website. The results, including the Common Level of Appraisal (CLA), Coefficient of Dispersion (COD), and Equalized Education Property Value (EEPV), are summarized in the table below. Please note that municipalities may petition the Director of Property Valuation and Review for a redetermination of its EEPV and COD (32 V.S.A § 5408). The equalization study results in the summary table below reflect appeal activity from the Spring of 2024. The 2023 result letters do not reflect any appeal activity from Spring 2024. For the most recent Equalization study results, please check the updated table below, or log into VTPIE.

If you cannot access the VTPIE system to obtain a copy of the equalization study report, please email tax.pvr@vermont.gov to request a copy.

2023 Equalization Study Results Letter (pdf)

2023 Certified Sales Report (pdf)

2023 Certified Final Computation Sheet (pdf)

2023 Equalization Study Results Table

Download the 2023 Equalization Study Results (xlsx)

Town County Equalized Education Property Value (EEPV) 2023 Common Level of Appraisal (CLA) 2023 Coefficient of Dispersion (COD) Subject to Statutory Order to Reappraise Last Year of Reappraisal
Addison Addison 290,234,461 72.35 20.77 Y 2006
Bridport Addison 207,848,668 70.67 26.09 Y 2010
Bristol Addison 489,615,061 72.17 19.99   2018
Cornwall Addison 321,647,391 70.60 25.48 Y 2009
Ferrisburgh Addison 765,291,930 72.60 22.50 Y 2013
Goshen Addison 38,847,604 70.21 26.91 Y 2009
Granville Addison 60,573,624 66.84 33.72 Y 2008
Hancock Addison 52,398,695 66.30 15.48   2016
Leicester Addison 266,258,009 69.17 27.72 Y 2020
Lincoln Addison 271,418,163 67.51 26.25 Y 2010
Middlebury Addison 1,275,614,343 76.95 18.07   2019
Monkton Addison 373,434,590 72.04 20.12 Y 2017
New Haven Addison 455,640,286 73.48 17.39   2013
Orwell Addison 197,943,686 76.79 22.61 Y 2011
Panton Addison 140,534,559 75.96 17.44   2012
Ripton Addison 93,450,252 73.29 20.86 Y 2011
Salisbury Addison 317,448,277 68.33 23.97 Y 2012
Shoreham Addison 196,790,309 76.09 24.59 Y 2007
Starksboro Addison 228,905,584 75.09 17.24   2016
Vergennes Addison 337,191,708 70.78 16.30   2007
Waltham Addison 74,483,752 73.79 16.53   2019
Weybridge Addison 180,100,407 77.07 18.86   2006
Whiting Addison 50,284,484 76.25 17.52   2012
Arlington Bennington 401,638,977 80.16 22.49 Y 2021
Bennington Bennington 1,370,598,526 69.57 23.72 Y 2008
Dorset Bennington 991,317,616 70.96 24.37 Y 2006
Glastenbury Bennington 5,690,518 59.55 11.07   2008
Landgrove Bennington 122,002,093 83.76 21.82 Y 2020
Manchester Bennington 1,577,710,362 105.57 14.04   2023
North   Bennington Bennington 107,626,955 66.51 23.28 Y 2008
Peru Bennington 317,862,905 67.79 23.83 Y 2015
Pownal Bennington 350,148,157 79.63 23.96 Y 2011
Readsboro Bennington 122,844,084 89.47 13.03   2021
Rupert Bennington 181,898,704 74.59 22.59 Y 2019
Sandgate Bennington 83,218,158 94.77 12.44   2022
Searsburg Bennington 47,448,817 97.27 19.05   2022
Shaftsbury Bennington 459,390,721 76.92 22.73 Y 2010
Shaftsbury ID Bennington 78,503,503 77.38 22.73 Y 2010
Stamford Bennington 137,360,032 72.40 35.62 Y 2010
Sunderland Bennington 208,711,708 74.00 30.86 Y 2017
Winhall Bennington 1,071,908,089 65.99 26.97 Y 2010
Woodford Bennington 71,015,531 80.04 18.49   2020
Barnet Caledonia 300,455,187 81.58 24.14 Y 2020
Burke Caledonia 398,629,930 99.96 12.44   2023
Danville Caledonia 391,675,926 85.59 17.66   2021
Groton Caledonia 168,918,765 77.43 28.65 Y 2019
Hardwick Caledonia 288,257,837 67.29 24.26 Y 2016
Kirby Caledonia 84,318,976 70.81 20.09 Y 2019
Lyndon Caledonia 498,733,506 75.91 26.52 Y 2011
Newark Caledonia 115,649,107 81.77 17.53   2020
Peacham Caledonia 169,551,571 83.12 21.10 Y 2019
Ryegate Caledonia 157,979,521 85.84 14.91   2021
St. Johnsbury Caledonia 701,595,321 72.51 22.69 Y 2020
Sheffield Caledonia 75,672,241 76.60 25.19 Y 2012
Stannard Caledonia 22,244,466 85.29 30.10 Y 2007
Sutton Caledonia 118,052,153 91.27 8.66   2022
Walden Caledonia 133,532,468 89.26 13.77   2022
Waterford Caledonia 242,514,884 84.39 17.29   2021
Wheelock Caledonia 84,426,211 78.24 23.24 Y 2013
Bolton Chittenden 206,714,387 104.08 19.52   2023
Buels Gore Chittenden 4,715,417 101.38 1.92   2022
Burlington Chittenden 6,491,050,453 87.83 14.88   2021
Charlotte Chittenden 1,308,427,252 104.49 14.83   2023
Colchester Chittenden 3,381,433,229 66.80 18.54   2011
Essex Town Chittenden 2,319,897,815 69.22 15.07   2006
Essex Jct. Chittenden 1,672,250,109 67.83 12.60   2007
Hinesburg Chittenden 957,490,703 67.65 19.32   2017
Huntington Chittenden 333,915,167 65.58 17.55   2015
Jericho Chittenden 958,554,906 73.13 13.82   2016
Milton Chittenden 1,687,152,840 96.15 9.95   2022
Richmond Chittenden 754,391,552 103.45 14.91   2023
St. George Chittenden 126,837,414 71.55 27.53 Y 2018
Shelburne Chittenden 2,415,077,777 68.70 16.45   2011
South   Burlington Chittenden 5,008,833,990 82.54 13.49   2021
Underhill Chittenden 570,202,927 97.22 9.51   2022
Westford Chittenden 351,341,150 73.76 18.28   2009
Williston Chittenden 3,092,289,944 69.24 13.36   2016
Winooski Chittenden 977,634,818 60.08 16.72   2007
Bloomfield Essex 39,884,969 76.34 32.43 Y 2014
Brighton Essex 190,462,137 74.56 29.35 Y 2009
Brunswick Essex 14,231,979 84.79 4.63   2011
Canaan Essex 110,746,023 97.95 9.12   2022
Concord Essex 151,913,301 77.01 24.79 Y 2019
East Haven Essex 33,933,261 81.04 18.78   2010
Essex County Unified UTG Essex 87,745,741 101.88 3.81   2023
Granby Essex 24,300,099 78.05 10.91   2010
Guildhall Essex 46,488,315 101.50 6.39   2023
Lemington Essex 21,045,928 83.53 15.31   2020
Lunenburg Essex 156,477,972 70.46 29.32 Y 2017
Maidstone Essex 99,868,846 67.84 23.23 Y 2019
Norton Essex 43,811,182 95.41 10.32   2022
Victory Essex 22,990,934 80.62 15.72   2010
Bakersfield Franklin 164,217,559 74.25 24.42 Y 2009
Berkshire Franklin 172,062,078 77.71 22.38 Y 2008
Enosburgh Franklin 291,396,513 74.71 20.40 Y 2007
Fairfax Franklin 695,704,625 95.86 10.43   2022
Fairfield Franklin 283,754,454 109.20 9.81   2023
Fletcher Franklin 204,606,421 102.88 12.55   2023
Franklin Franklin 229,413,002 72.85 26.73 Y 2012
Georgia Franklin 893,422,343 70.70 18.41   2006
Highgate Franklin 531,451,749 78.83 21.52 Y 2008
Montgomery Franklin 218,272,488 77.18 25.00 Y 2014
Richford Franklin 215,020,563 107.71 11.47   2023
St. Albans   City Franklin 819,056,114 64.02 17.06   2011
St. Albans Town Franklin 1,180,892,218 80.25 18.66   2008
Sheldon Franklin 305,291,947 75.53 15.70   2009
Swanton Franklin 880,795,955 78.98 18.41   2007
Alburgh Grand Isle 401,531,424 72.11 26.93 Y 2011
Grand Isle Grand   Isle 572,770,077 79.39 22.22 Y 2008
Isle La Motte Grand Isle 185,058,092 70.53 27.19 Y 2018
North Hero Grand   Isle 423,916,183 73.95 22.95 Y 2014
South Hero Grand Isle 741,704,010 67.39 20.95 Y 2019
Belvidere Lamoille 54,497,722 84.27 28.55 Y 2022
Cambridge Lamoille 705,559,984 71.82 20.88 Y 2017
Eden Lamoille 191,030,779 73.80 25.49 Y 2014
Elmore Lamoille 257,031,680 64.79 22.81 Y 2012
Hyde Park Lamoille 441,534,481 64.93 27.47 Y 2018
Johnson Lamoille 327,492,878 74.15 22.64 Y 2020
Morristown Lamoille 1,079,412,150 102.81 12.80   2023
Stowe Lamoille 4,247,356,134 56.61 25.59 Y 2012
Waterville Lamoille 86,883,311 99.37 19.47   2023
Wolcott Lamoille 207,850,756 78.72 20.62 Y 2014
Bradford Orange 340,734,480 69.72 20.97 Y 2018
Braintree Orange 138,008,166 79.57 26.28 Y 2020
Brookfield Orange 214,269,437 95.21 19.11   2022
Chelsea Orange 185,287,787 69.96 26.73 Y 2016
Corinth Orange 193,351,973 79.51 29.00 Y 2017
Fairlee Orange 280,072,859 103.68 14.98   2023
Newbury Orange 261,464,893 78.98 25.44 Y 2018
Orange Orange 122,587,781 82.86 30.33 Y 2009
Randolph Orange 576,837,423 78.71 21.45 Y 2006
Strafford Orange 231,024,311 82.76 21.04 Y 2014
Thetford Orange 493,673,751 72.87 24.86 Y 2012
Topsham Orange 147,275,409 76.70 22.15 Y 2008
Tunbridge Orange 207,126,229 79.50 21.14 Y 2010
Vershire Orange 104,974,592 68.80 27.84 Y 2005
Washington Orange 137,723,244 78.20 26.48 Y 2019
Wells River Orange 35,174,006 79.84 24.19 Y 2018
West Fairlee Orange 95,835,847 78.37 25.20 Y 2013
Williamstown Orange 455,677,891 78.95 20.81 Y 2019
Albany Orleans 120,500,287 86.40 21.40 Y 2008
Barton Orleans 224,001,776 71.37 25.68 Y 2012
Brownington Orleans 112,594,927 78.80 22.40 Y 2008
Charleston Orleans 143,648,668 78.17 18.98   2019
Coventry Orleans 184,188,819 81.49 18.87   2021
Craftsbury Orleans 184,327,501 77.84 25.01 Y 2018
Derby Orleans 696,221,244 78.11 21.71 Y 2020
Glover Orleans 197,363,932 81.96 16.76   2021
Greensboro Orleans 352,529,929 71.61 25.64 Y 2014
Holland Orleans 88,096,587 66.75 25.62 Y 2006
Irasburg Orleans 166,454,753 70.23 21.46 Y 2006
Jay Orleans 340,937,564 84.78 19.98   2015
Lowell Orleans 123,101,145 74.71 25.94 Y 2014
Morgan Orleans 238,221,526 72.42 20.98 Y 2019
Newport City Orleans 425,199,697 76.11 25.86 Y 2017
Newport Town Orleans 246,737,017 81.97 22.85 Y 2009
Orleans ID Orleans 71,506,265 72.05 25.68 Y 2012
Troy Orleans 180,374,470 76.74 21.90 Y 2012
Westfield Orleans 101,822,018 72.93 23.04 Y 2020
Westmore Orleans 202,090,657 77.94 19.77   2015
Benson Rutland 146,649,618 72.68 27.56 Y 2011
Brandon Rutland 466,313,974 74.69 19.97   2020
Castleton Rutland 713,578,995 70.02 22.51 Y 2015
Chittenden Rutland 231,808,123 76.44 19.37   2017
Clarendon Rutland 327,672,485 78.16 21.57 Y 2019
Danby Rutland 215,022,538 111.67 12.26   2023
Fair Haven Rutland 217,071,783 85.85 20.24 Y 2009
Hubbardton Rutland 162,096,608 68.03 29.29 Y 2016
Ira Rutland 61,422,081 76.19 20.02 Y 2013
Mendon Rutland 269,269,130 89.77 20.37 Y 2021
Middletown Springs Rutland 109,117,557 82.88 17.21   2006
Mount Holly Rutland 375,783,589 77.01 24.82 Y 2010
Mount Tabor Rutland 29,109,469 79.14 16.89   2006
Pawlet Rutland 236,363,697 74.01 22.40 Y 2016
Pittsfield Rutland 141,857,246 88.78 14.87   2022
Pittsford Rutland 469,577,789 72.63 24.57 Y 2016
Poultney Rutland 430,961,208 80.73 19.21   2011
Proctor Rutland 156,298,280 79.61 17.60   2017
Rutland City Rutland 1,285,023,653 74.90 25.76 Y 2006
Rutland Town Rutland 882,584,650 75.43 18.56   2013
Killington Rutland 1,413,753,520 52.35 32.62 Y 2011
Shrewsbury Rutland 200,306,402 78.40 19.83   2010
Sudbury Rutland 123,527,398 78.71 25.64 Y 2012
Tinmouth Rutland 133,300,060 60.32 23.97 Y 2016
Wallingford Rutland 302,822,364 76.86 22.94 Y 2018
Wells Rutland 239,612,117 107.76 11.83   2023
West Haven Rutland 44,926,111 70.14 21.11 Y 2007
West Rutland Rutland 264,442,903 78.77 21.65 Y 2019
Barre City Washington 661,876,009 76.62 23.78 Y 2006
Barre Town Washington 1,057,833,781 86.93 16.21   2021
Berlin Washington 693,336,701 72.29 19.19   2008
Cabot Washington 242,867,513 68.87 21.34 Y 2020
Calais Washington 287,506,790 72.34 27.16 Y 2015
Duxbury Washington 248,816,413 68.43 21.54 Y 2015
East Montpelier Washington 448,523,282 70.33 21.05 Y 2009
Fayston Washington 545,909,039 71.01 26.62 Y 2017
Marshfield Washington 181,813,207 87.02 16.19   2022
Middlesex Washington 333,654,607 71.72 17.34   2017
Montpelier Washington 1,295,896,021 100.18 8.09   2023
Moretown Washington 346,161,491 66.97 26.59 Y 2012
Northfield Washington 493,778,935 67.26 25.19 Y 2015
Plainfield Washington 171,040,363 69.86 22.16 Y 2009
Roxbury Washington 95,623,394 94.51 12.68   2022
Waitsfield Washington 583,134,691 66.85 25.69 Y 2006
Warren Washington 1,250,987,323 61.30 25.98 Y 2012
Waterbury Washington 1,189,762,779 66.07 20.24 Y 2014
Woodbury Washington 181,779,381 73.47 24.69 Y 2007
Worcester Washington 122,385,692 79.09 20.79 Y 2007
Athens Windham 45,057,803 83.04 21.26 Y 2010
Brattleboro Windham 1,458,437,188 77.59 18.76   2010
Brookline Windham 95,866,069 75.71 21.03 Y 2007
Dover Windham 1,491,984,932 70.83 24.16 Y 2010
Dummerston Windham 333,599,324 84.13 17.10   2021
Grafton Windham 174,171,103 90.06 15.54   2021
Guilford Windham 348,752,626 95.71 11.97   2023
Halifax Windham 176,419,158 71.46 22.57 Y 2021
Jamaica Windham 355,312,698 73.67 28.92 Y 2018
Londonderry Windham 557,251,766 75.81 26.38 Y 2018
Marlboro Windham 187,983,991 83.96 14.90   2018
Newfane Windham 316,641,067 80.12 27.81 Y 2017
Putney Windham 342,528,676 72.78 23.07 Y 2014
Rockingham Windham 616,585,116 74.95 26.11 Y 2017
Somerset Windham 14,134,424 94.98 7.99   2014
Stratton Windham 1,107,017,782 107.25 17.63   2023
Townshend Windham 233,693,488 82.04 23.41 Y 2013
Vernon Windham 432,454,453 92.58 19.57   2019
Wardsboro Windham 220,150,954 101.03 13.84   2023
Westminster Windham 375,623,093 76.83 30.23 Y 2013
Whitingham Windham 347,958,852 79.10 26.90 Y 2016
Wilmington Windham 1,118,690,034 69.77 27.11 Y 2020
Windham Windham 157,796,632 63.43 31.20 Y 2015
Andover Windsor 228,167,146 70.11 29.17 Y 2018
Baltimore Windsor 27,260,542 97.57 11.87   2023
Barnard Windsor 449,630,623 64.36 28.97 Y 2019
Bethel Windsor 253,584,393 80.20 18.57   2007
Bridgewater Windsor 259,372,315 74.32 31.12 Y 2019
Cavendish Windsor 364,422,299 72.55 26.95 Y 2019
Chester Windsor 511,899,071 78.09 21.67 Y 2020
Hartford Windsor 2,123,079,161 66.31 24.59 Y 2017
Hartland Windsor 669,863,790 69.00 26.30 Y 2019
Ludlow Windsor 1,946,698,379 77.73 22.63 Y 2021
Norwich Windsor 1,143,862,741 67.57 22.71 Y 2016
Plymouth Windsor 388,128,372 62.25 30.23 Y 2019
Pomfret Windsor 329,624,850 100.53 9.18   2023
Reading Windsor 170,101,751 76.43 26.22 Y 2017
Rochester Windsor 228,241,894 73.80 31.07 Y 2012
Royalton Windsor 343,024,434 79.44 22.96 Y 2009
Sharon Windsor 223,788,674 73.67 19.45   2011
Springfield Windsor 710,191,575 88.19 16.26   2022
Stockbridge Windsor 171,778,049 67.85 30.78 Y 2020
Weathersfield Windsor 458,737,010 72.18 23.34 Y 2008
Weston Windsor 266,630,663 78.36 26.67 Y 2005
West Windsor Windsor 382,815,299 69.21 24.52 Y 2013
Windsor Windsor 338,738,539 73.26 22.64 Y 2009
Woodstock Windsor 1,481,830,815 63.65 23.57 Y 2016

Prior Year Equalization Study Results:

Download the Equalization Study Results Certified January 1, 2018 - January 1, 2023 (xlsx)

2022

Equalization Study Results Letter (pdf)

Certified Sales Report (pdf)

Certified Final Computation Sheet (pdf)

2021

Equalization Study Results (pdf)

Certified Sales Report (pdf)

Certified Final Computation Sheet (pdf)

 


2020

Equalization Study Results (pdf)

Certified Sales Report (pdf)

Certified Final Computation Sheet (pdf)

 


2019

Equalization Study Results (pdf)

Certified Sales Report (pdf)

Certified Final Computation Sheet (pdf)

 


2018

Equalization Study Results (pdf)

Certified Sales Report (pdf)

Certified Final Computation Sheet (pdf)

 


2017

Equalization Study Results (pdf)

Certified Sales Report (pdf)

Certified Final Computation Sheet (pdf)

 


2016

Equalization Study Results (pdf)

Certified Sales Report (pdf)

Certified Final Computation Sheet (pdf)