MONTPELIER, Vt.— Commissioner of Taxes, Craig Bolio, has released the December 1 education tax rate letter which forecasts the education tax yields for resident homeowners and the non-homestead tax rate for the upcoming fiscal year (FY) 2026. This letter is based on specific calculations outlined in State law and is a result of collaboration by the Department of Taxes, Agency of Education, Department of Finance and Management, and Joint Fiscal Office.
This year’s letter projects education property tax bills to increase by a statewide average of 5.9 percent next fiscal year.
“We know Vermonters are already struggling to pay for this year’s unprecedented increase in property taxes, I expect another projected increase will be difficult to hear,” said Commissioner Bolio, “It’s important that we continue to work together to find solutions to make our education funding system sustainable."
In November 2024, the Vermont Agency of Education published its Vermont Education Funding Report which explains Vermont’s education funding system and compares it to other states. Review this report at education.vermont.gov/sites/aoe/files/documents/edu-vermont-education-funding-system-explained-2024.pdf.
Additional resources for understanding education tax rates are available on the department’s website at tax.vermont.gov/property/education-property-tax-rates/faqs.