Vermont H0949 sets fiscal year 2027 property tax yields, nonhomestead tax rate, and makes technical education finance adjustments.

Vermont H0949 establishes the property dollar equivalent yield at $9,170.00 and the income dollar equivalent yield at $12,576.00 for fiscal year 2027. It sets the nonhomestead property tax rate at $1.698 per $100.00 of equalized education property value. The bill reserves $52,450,000.00 within the Education Fund to offset property tax rate increases. It also amends the statewide adjustment for the property tax credit system and proposes a refund of $150,576.00 to the City of Barre for education property tax overpayments from fiscal years 2021 to 2024.

Vermont H0949 sets fiscal year 2027 property tax yields, nonhomestead tax rate, and makes technical education finance adjustments.

Vermont H0949 establishes the property dollar equivalent yield at $9,170.00 and the income dollar equivalent yield at $12,576.00 for fiscal year 2027. It sets the nonhomestead property tax rate at $1.698 per $100.00 of equalized education property value. The bill reserves $52,450,000.00 within the Education Fund to offset property tax rate increases. It also amends the statewide adjustment for the property tax credit system and proposes a refund of $150,576.00 to the City of Barre for education property tax overpayments from fiscal years 2021 to 2024.