Vermont H0646 proposes a new subclass for residential property tax on uninhabitable buildings.

Vermont H0646 seeks to create a subclass for residential property tax on uninhabitable buildings. The bill authorizes municipalities to impose an annual fee on uninhabitable properties, which is the greater of one percent of the property's appraised value or $5,000.00. The fee applies to properties deemed uninhabitable by a municipal official and not maintained or repaired within a specified period. The bill also allows for an abatement of the fee if the property owner repairs the building.

Vermont H0646 proposes a new subclass for residential property tax on uninhabitable buildings.

Vermont H0646 seeks to create a subclass for residential property tax on uninhabitable buildings. The bill authorizes municipalities to impose an annual fee on uninhabitable properties, which is the greater of one percent of the property's appraised value or $5,000.00. The fee applies to properties deemed uninhabitable by a municipal official and not maintained or repaired within a specified period. The bill also allows for an abatement of the fee if the property owner repairs the building.