Loading chat...

VT H0491

Bill

Official Source

Status

Passed

5/20/2025

Primary Sponsor

Ways and Means

Click for details

Origin

House of Representatives

2025-2026 Session

AI Summary

  • Property dollar equivalent yield set at $8,596.00 for fiscal year 2026, used to calculate homestead education property tax rates
  • Income dollar equivalent yield set at $12,172.00 for fiscal year 2026, used for income-based property tax adjustments
  • Nonhomestead property tax rate established at $1.703 per $100.00 of equalized education property value for fiscal year 2026
  • Amends the definition of "equalized value of the housesite" to reference the statewide adjustment of the taxable year rather than equalization of the prior year's grand list
  • Effective date: July 1, 2025; signed by Governor on May 19, 2025

Legislative Description

An act relating to setting the homestead property tax yields and the nonhomestead property tax rate

Last Action

House message: Governor approved bill on May 19, 2025

5/20/2025

Committee Referrals

Finance4/2/2025

Full Bill Text

No bill text available