Vermont H0949 sets homestead property tax yields, nonhomestead property tax rate, and makes technical changes to education finance.
Vermont H0949 sets the property dollar and income dollar equivalent yields for homestead property tax for fiscal year 2027. It also sets the nonhomestead property tax rate and proposes to reserve Education Fund monies to offset property tax rate increases. The bill includes a technical correction to the statewide adjustment for the property tax credit system. It proposes to refund education property tax overpayment made by the City of Barre due to miscalculation of the amount of tax increment to be retained by the City from its tax increment financing district fund.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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