Property Tax Alert–Vermont

March 2004

Vermont property tax rates that fund education are lowered, penalties are reduced, definitions are added and amended, and other changes are made to update education tax provisions. For the fiscal year 2005 only, the education tax rate is decreased from $1.59 to $1.54 per $100 of assessed valuation for nonresidential property and from $1.10 to $1.05, multiplied by the district spending adjustment for the municipality, per $100 of assessed valuation for residential property.

Please contact Rash & Associates for more information.