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VT S0165
Bill
Status
1/6/2026
Primary Sponsor
Steven Heffernan
Click for details
AI Summary
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Assessing officials must account for value reductions caused by State and municipal development or use restrictions when valuing parcels containing wetlands for the grand list
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"Wetlands" defined as Class I wetlands listed by administrative rule, Class II wetlands mapped on the Vermont Significant Wetlands Inventory, or land determined significant by the Secretary of Natural Resources under 10 V.S.A. § 914
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Buffer zones required by the Secretary of Natural Resources around Class I and II wetlands are included in the wetlands definition
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Parcels with wetlands remain taxed on the same basis as other real estate, with adjustments only for regulatory restrictions
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Effective date: July 1, 2026
Legislative Description
An act relating to grand list values of parcels with wetlands
Last Action
Read 1st time & referred to Committee on Finance
1/6/2026