Vermont H0774 proposes a three-year freeze on education property tax rates at fiscal year 2026 levels for fiscal years 2027 through 2029.

Vermont H0774 aims to cap education property tax rates at fiscal year 2026 levels for fiscal years 2027 through 2029. The bill intends to offset any resulting deficit in the Education Fund with funds from the General Fund to ensure statewide education spending remains fully funded. The tax freeze applies to both homestead and nonhomestead rates, determined for each municipality. The act is set to take effect on July 1, 2026.

Vermont H0774 proposes a three-year freeze on education property tax rates at fiscal year 2026 levels for fiscal years 2027 through 2029.

Vermont H0774 aims to cap education property tax rates at fiscal year 2026 levels for fiscal years 2027 through 2029. The bill intends to offset any resulting deficit in the Education Fund with funds from the General Fund to ensure statewide education spending remains fully funded. The tax freeze applies to both homestead and nonhomestead rates, determined for each municipality. The act is set to take effect on July 1, 2026.