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VT H0949
Bill
Status
Engrossed
3/26/2026
Primary Sponsor
Ways and Means
Click for details
AI Summary
- Sets fiscal year 2027 property dollar equivalent yield at $9,170.00 and income dollar equivalent yield at $12,576.00 for calculating homestead property tax rates
- Establishes nonhomestead property tax rate at $1.698 per $100.00 of equalized education property value for fiscal year 2027
- Reserves $52,450,000.00 in the Education Fund to offset education property tax rate increases in fiscal year 2028
- Appropriates $150,576.00 from the Education Fund to refund the City of Barre for education property tax overpayments from fiscal years 2021-2024 caused by tax increment financing district miscalculations
- Sets special education census grant uniform base amount at $2,350.00 per student, adjusted annually for inflation beginning in fiscal year 2028 using the NIPA implicit price deflator
Legislative Description
An act relating to homestead property tax yields, the nonhomestead property tax rate, and technical changes to education finance
Last Action
Read 3rd time & passed in concurrence with proposal of amendment
4/30/2026
Committee Referrals
Appropriations4/21/2026
Finance4/8/2026
Education3/31/2026
Appropriations3/20/2026
Full Bill Text
No bill text available