You must file a Homestead Declaration annually by the April filing deadline.
If you file after April 17, your municipality may assess one of the following penalties:
- Up to a 3% penalty if the nonresidential rate is higher than the homestead education property rate
- Up to 8% if the nonresidential rate is lower than the homestead education property tax rate.
If you file your declaration after the October filing deadline, your property will be classified as nonresidential. You then must pay the higher of the two rates, a penalty, and any additional property tax and interest due.
Are you ready to file your Vermont Homestead Declaration?