By Vermont law, property owners whose homes meet the definition of a Vermont homestead must file a Homestead Declaration annually by the April filing deadline. If eligible, it is important that you file so that you are correctly assessed the homestead tax rate on your property. Here is the information you as the property owner need to know about the Vermont Homestead Declaration.
In Vermont, all property is subject to education property tax to pay for the state’s schools. For this purpose, property is categorized as either nonhomestead or homestead. A homestead is the principal dwelling and parcel of land surrounding the dwelling, owned and occupied by the resident as the person’s domicile.
All property is considered nonhomestead (formerly "nonresidential"), unless it is declared as a homestead. The education property tax rate levied on nonhomestead property differs from the rate levied on homestead property. It is your responsibility as the property owner to claim the property as a homestead if you meet, or expect to meet, the following requirements:
- You are a Vermont resident
- You own and occupy a homestead as your domicile as of April 1, 2020
Property is considered nonhomestead if one of the following applies:
- Your property is leased for more than 182 days out of the calendar year.
- The property is used exclusively for a commercial, including rental, purpose.
- The property is used for a second home, camp, vacation, or summer cottage.
How to File
Taxpayers may file returns using myVTax, our free, secure, online filing site.
If you cannot file and pay through myVTax, you may still use the paper forms.The Homestead Declaration is filed using Form HS-122, the Homestead Declaration and Property Tax Credit. Use our filing checklist to help you get started.
Forms and Publications
|Domicile Statement||Domicile Statement|
|Calculator||2020 Property Tax Credit Worksheet (xlsx)|
|HS-122, HI-144||Instructions||Homestead Declaration AND Property Tax Credit|
|HS-122W||Vermont Homestead Declaration and/or Property Tax Credit Withdrawal|
|Income Tax Return Booklet||
2019 Vermont Income Tax Return Booklet
This booklet includes forms and instructions for: IN-111, IN-112, IN-113, IN-116, HS-122, PR-141, HI-144
|FS-1057||Vermont Schedule HI-144: Determining Household Income|
|FS-1051||The Vermont Homestead Declaration|
|GB-1265||myVTax Guide: How to File a Homestead Declaration or Homestead Declaration & Property Tax Credit|
|Watch||Video: Declaring Your Vermont Homestead: Unusual Situations|
|Watch||Video: Declaring Your Vermont Homestead: Most Situations|
You must file a Homestead Declaration annually by the April filing deadline. If you file after April 15,* your municipality may assess one of the following penalties:
- Up to a 3% penalty if the nonhomestead (formerly "nonresidential") rate is higher than the homestead education property rate,
- Up to 8% if the nonhomestead rate is lower than the homestead education property tax rate.
If you fail to file your declaration by the October 15 filing deadline, your property will be classified as nonhomestead. You then must pay the higher of the two rates, a penalty, and any additional property tax and interest due.