The Vermont Property Tax Credit assists many Vermont homeowners with paying their property taxes. You may be eligible for a property tax credit on your property taxes if your property qualifies as a homestead and you meet the eligibility requirements. The maximum property tax credit is $8,000.00
To file a property tax credit, you must meet ALL of the following eligibility requirements:
Your property qualifies as a homestead, and you have filed a Homestead Declaration for the current year's grand list.
You were domiciled in Vermont for the full prior calendar year.
You were not claimed as a dependent of another taxpayer.
You have the property as your homestead as of April 1.
You meet the household income criteria (see form for current year income limit).
How to File
You need to file the following two forms to apply for a property tax credit. You can submit your claim electronically when you file your Vermont Income Tax return.
Form HS-122, Homestead Declaration and Property Tax Credit Claim
Section A: Homestead Declaration
Section B: Property Tax Credit Claim
Schedule HI-144, Household Income. Learn how to determine your household income.
|Tax Year||Maximum Household Income|
Amending a 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 April filing deadline. Beginning July 1, 2021, you may make the following amendments to Form HS-122, Homestead Declaration and Property Tax Credit Claim within three years of the April filing deadline:
housesite education tax,
housesite municipal tax, and
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.
Mail your return to:
Vermont Department of Taxes
P.O. Box 1645
Montpelier, VT 05601-1645