VT H0774

Caps education property tax rates at fiscal year 2026 levels for fiscal years 2027 through 2029, applying to both homestead and nonhomestead rates

Requires the Commissioner of Taxes to bill property taxpayers at the lesser of their FY2026 rate or the rate calculated for the current fiscal year

Any resulting deficit in the Education Fund will be offset with General Fund monies to ensure statewide education spending remains fully funded during the freeze period

Takes effect July 1, 2026