Homestead Declaration

Overview

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

Please note: If you meet these requirements, except that your homestead is leased to a tenant on April 1, 2020,  you may still claim it as a homestead if it is not leased for more than 182 days in the 2020 calendar year.

Nonhomestead Property

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

Online
Taxpayers may file returns using myVTax, our free, secure, online filing site.

Paper Returns
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

No. Instructions Title
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

Publications
NO.   Title
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

Filing Deadlines

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.

*Please note: The April 15, 2020 due date has been extended to July 15, 2020. Penalties will not be assessed for Homestead Declarations filed between April 16, 2020, and July 15, 2020.