Property Tax Credit

Under Act 51, effective July 1, 2019, the Property Tax Adjustment has been changed to the Property Tax Credit. Read more >>

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 described in this fact sheet. The maximum adjustment property tax credit is $8,000.00

Who Is Eligible To File?

In order 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).

Learn more about how to determine household income.

Due Date

Claims for a Property Tax Credit are due by the April filing deadline. Those who file after April filing deadline must pay a $15 late filing fee, which will be deducted from the Property Tax Credit. Claims filed after Oct. 15 or incomplete claims will not be accepted.

2018 Legislative Update

H.16 of the 2018 Special Session reduced the maximum eligible house site value from $500,000 to $400,000 for filers with household income under $90,000. The maximum eligible house site value for filers with $90,000 or more of household income was reduced from $250,000 to $225,000. This affected the adjustment for some filers. The Property Tax Credit Worksheet below has been updated to reflect these changes.

Please note: Adjustment amounts calculated using the Property Tax Credit tool are estimates based on education tax rate information as of January 2018.

Property Tax Credit worksheet