Property Taxes
2007 Taxable Grand List $1,279,958.42 (’06 = $684,393.06; ’05 = $669,859.91)
- Municipal tax rate $0.44 (’06 & ’05 = $0.80)
[Town: $0.1252 (’06 = $0.1913; ’05 = $0.2723)]
[Highway: $0.3148 (’06 = $0.6087; ’05 = $0.5254)] - Homestead education rate $1.2727 (’06 = $2.1211; ’05 = $2.2964)
- Nonresidential education rate $1.1658 (’06 = $1.9124; ’05 = $2.0323)
-------------------------------------------------------------------------------------- - Total Homestead rate $1.7127 (’06 = $2.9211; ’05 = $3.0964)
- Total Nonresidential rate $1.6058 (’06 = $2.7124; ’05 = $2.8323)
Notes:
- Tax rate for the current year is typically set by August 15
- Tax bills are sent out in early September
- Partial payments are accepted at any time and are credited against the balance-due
- Due Date: November 10
Bill Telgen, Jr., is the Delinquent-Tax Collector, reach him at 897-7811
HS-122—Combined Homestead Declaration and Property Tax Adjustment Form—Due date: April 17, 2007
IMPORTANT NOTICE
TAX CHANGES FOR HOMEOWNERS IN 2007
Beginning in 2007, the following changes to the property tax adjustment programs go into effect:
- the declaration of homestead and property tax adjustment application are combined into one form;
- homeowners may designate all or part of their income tax refund to pay property taxes;
- the education property tax payment (prebate) and property tax rebate are combined into one education property tax adjustment;
- the new filing due dates are the same for the declaration and property tax adjustment;
- payment of property tax adjustment is made directly to the town; and
- property tax rebates can no longer be used to pay income tax.
You can download a PDF with more information about the form, who must file, late penalties, and more. You can use the State’s secure Online Filing System for HS-122 to electronically fill out & submit the new Combined Homestead Declaration and Property Tax Adjustment Form. You’ll need to enter your SSN and the SPAN number from your property tax bill. For downloadable property tax forms, including H-122, go to the Tax Department’s forms page.
“HS-122 replaces three forms: HS-131, Declaration of Vermont Homestead; HS-138, Education Property Tax Payment Application; and HS-139, Property Taxes Rebate Claim. With the new HS-122, you have the opportunity to file both the Declaration of Vermont Homestead and Property Tax Adjustment claim at the same time.”
If you have questions, contact Taxpayers Services Division at 1-866-828-2865 (toll-free in VT) or 802-828-2865 (local calls).
Who Files a Declaration of Vermont Homestead? The
law requires you to file a declaration if you: 1) Expect
to be a Vermont resident on April 1 [of the current year] and 2) Own
and occupy the Vermont property as your homestead, or principal home,
on April 1 [of the current year].
The declaration must be filed, regardless of your income or requirement
to file other returns. Only one eligible owner needs to file the Declaration.
Individuals holding a life estate or living in the home they donated
to a revocable trust also need to file.
What is a Homestead? A homestead
is your principal dwelling and improvements and all contiguous land. If
you own a separate parcel with contiguous acreage to your principal
dwelling, or your homestead crosses town boundaries, you need to file
for each parcel.
What is Nonresidential Property? Properties used for
commercial, rental, business, or vacation, camp, and second home are
not homesteads.
Can a Property be both Homestead and Nonresidential? There
may be homestead and nonresidential portions of one parcel. Any portion
of a dwelling that is rented or held out for rent is nonresidential.
If more than 25% of the dwelling is used for a business, that portion
is nonresidential. A separate building or improvment used for a business
or rented out is nonresidential.
...
Call 1-866-828-2865 (toll-free in VT) or 802-828-2865 (local or out-of-state)
or go to www.state.vt.us/tax/ for
more information.