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Homestead Declaration

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, 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:

Please note: If you meet these requirements, except that your homestead is leased to a tenant on April 1, 2022, you may still claim it as a homestead if it is not leased for more than 182 days in the 2022 calendar year.

Declaring Your Vermont Homestead: Most Situations

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 Claim. Use our filing checklist that follows to help you get started.

Many people file their Homestead Declarations at the same time they file their Vermont income tax returns. However, if you apply to extend the time to file your income tax return, the Homestead Declaration must still be filed by the April filing deadline. Even if a person is not required to file a Vermont Income Tax Return, the declaration must be filed by the deadline.

Tip: If you file a paper form, it is important to remember to sign the form at the bottom of the reverse side (below the Property Tax Credit).

Filing Checklist

In addition to the property owner’s basic information, you should have the following available when filing:

  • The property’s School Property Account Number (SPAN) printed on the property tax bill

  • The property owner’s Social Security Number

  • The code of the Vermont school district in which the property is located, which may be found on the property tax bill (the school code is the middle three digits of the SPAN).

Withdrawing a Homestead Declaration

There may be a situation where the Homestead Declaration has been filed between Jan. 1 and April 1 but needs to be withdrawn.

The following are a few common reasons for withdrawal:

  • The homestead was not owned by the person declaring it as a homestead on April 1.

  • The homestead was converted to a nonhomestead property on or before April 1.

  • The Homestead Declaration was submitted in error (for example, it was not the owner’s primary residence).

  • The homestead was leased to a tenant for more than 182 days.

To withdraw the declaration, use Form HS-122W, Vermont Homestead Declaration and/or Property Tax Credit Withdrawal.

Amending a Property Tax Credit Claim

If you submit a Property Tax Credit Claim with your Homestead Declaration, you are allowed to amend or change household income only as reported on Schedule HI-144, Household Income, within three years of the October filing deadline. Beginning July 1, 2021, you may make  the following amendments to Form HS-122, Homestead Declaration and Property Tax Credit Claim::

  • housesite value,

  • housesite education tax,

  • housesite municipal tax, and

  • ownership percentage.

Use Schedule HI-144, Household Income, for the applicable year to amend household income. Enter the correct household income and mark AMENDED on the HI-144. Send the amended HI-144 separately from any other returns being filed with the Department.

Vermont Department of Taxes
P.O. Box 1645
Montpelier, VT 05601-1645

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.

LAWS, REGULATIONS AND GUIDANCE
32 V.S.A. § 5410 Homestead Declaration

Personal Income Tax Forms and Instructions

Form Number Instructions Title
2022 Income Tax Return Booklet Included with form

2022 Vermont Income Tax Return Booklet

This booklet includes forms and instructions for: IN-111, IN-112, IN-113, IN-116, HS-122, RCC-146, HI-144

2210 (IRS)   Underpayment of Estimated Tax by Individuals, Estates, and Trusts
Domicile Statement   Domicile Statement
Rate Schedules   2022 Vermont Rate Schedules
Tax Tables   2022 Vermont Tax Tables
School District Codes   Vermont School District Codes
HS-122, HI-144 Instructions

2023 Property Tax Credit Calculator

Vermont Homestead Declaration AND Property Tax Credit Claim
HS-122W Included with form Vermont Homestead Declaration and/or Property Tax Credit Withdrawal
HSD-315   Request For Lister’s Certificate of Housesite Value (Formerly Form PVR-315)
HSD-316   Request For Lister’s Certificate of Housesite Value For A Subdivided Parcel (Formerly Form PVR-316)
IN-110 Included with form Change of Name and/or Address for Personal Income and/or Renter Credit Claim
IN-111 Instructions Vermont Income Tax Return
IN-112 Instructions VT Tax Adjustments and Credits
IN-113 Instructions Income Adjustment Calculations
IN-114 Instructions 2023 Individual Income Estimated Tax Payment Voucher
IN-116 Included with form Income Tax Payment Voucher
IN-117 Instructions Vermont Credit for Income Tax Paid to Other State or Canadian Province
IN-119 Instructions Vermont Tax Adjustments and Nonrefundable Credits
IN-151 Included with form Application for Extension of Time to File Form In-111 Vermont Individual Income Tax Return
IN-152 Included with form Underpayment of 2022 Estimated Individual Income Tax
IN-152A Included with form Annualized Income Installment Method for Underpayment of 2022 Estimated Tax by Individual, Estates, and Trusts
IN-153 Instructions Capital Gains Exclusion Calculation
LRC-140 Instructions Vermont Landlord Certificate
Bulk Upload Template (xlsx)   Landlord Certificate Bulk Upload Spreadsheet
LRC-147 Instructions Statement of Rent for Mobile Home Park Lot Rent, Co-ops, and Land Trusts
Lot Rent Bulk Upload Template (xlsx)   Lot Rent Landlord Certificate Bulk Upload Spreadsheet
RCC-146 Instructions Vermont Renter Credit Claim
W-4VT Included with form Employee’s Withholding Allowance Certificate