Vermont S0165 requires assessing officials to consider wetland regulations when valuing parcels for the grand list.

Vermont S0165 mandates that assessing officials account for state laws regulating the use and development of land with wetlands when determining the value of a parcel for the grand list. This means that parcels with wetlands must be listed and taxed similarly to other real estate, but with a consideration of any value reductions due to development or use restrictions imposed by state and municipal laws. Wetlands, as defined in the bill, include Class I and II wetlands, land determined to be significant by the Secretary of Natural Resources, and buffer zones around these areas.

Vermont S0165 requires assessing officials to consider wetland regulations when valuing parcels for the grand list.

Vermont S0165 mandates that assessing officials account for state laws regulating the use and development of land with wetlands when determining the value of a parcel for the grand list. This means that parcels with wetlands must be listed and taxed similarly to other real estate, but with a consideration of any value reductions due to development or use restrictions imposed by state and municipal laws. Wetlands, as defined in the bill, include Class I and II wetlands, land determined to be significant by the Secretary of Natural Resources, and buffer zones around these areas.