Vermont municipalities and utility providers should be aware of two changes to the valuation of property used by public utilities for the transmission and distribution of electricity.
- The Vermont Department of Taxes has contracted with a utilities appraisal consultant to develop a new valuation methodology for taxable property owned by public utilities.
- As required by Act 144 (2024), beginning with the 2025 Grand List the valuations provided by the Department for property used for the transmission and distribution of electricity shall be used by listers for purposes of property taxation.
Communications to Municipalities and Utility Providers
- Memo to Vermont Municipalities: Department of Taxes Implements Act 144 of 2024 Utility Valuation Treatment
- Memo to Vermont Utility Providers: Department of Taxes Implements Act 144 of 2024 Utility Valuation Treatment
- Utility Valuation Estimated Change by Town November 2024
Valuation Methodology
- Inputs and Assumptions for Electric Utility Assessment Model: Co-op and Municipal Utilities
- Inputs and Assumptions for Electric Utility Assessment Model: Investor-Owned Electric Distribution (GMP)
- Inputs and Assumptions for Electric Utility Assessment Model: Electric Transmission Assets