Vermont

Vermont has an effective property tax rate of 1.83%, with a median annual property tax of $5,100. Properties are assessed at 100.0% of market value and reassessed no fixed schedule; state encourages reappraisal when common level of appraisal drops below 80% or exceeds 110%. Payments are due annual.

Effective Rate

1.83%

Assessment Ratio

100.0%

Median Annual Tax

$5,100

Payment Frequency

Annual

Appeal Deadline

Within 30 days of lodging of grand list (typically by March); grievance to Board of Listers, then to Board of Civil Authority

Due Dates

Varies by municipality; most towns have due dates between November and March. Some towns offer installments.

Reassessment Cycle

No fixed schedule; state encourages reappraisal when Common Level of Appraisal drops below 80% or exceeds 110%

Homestead Exception

No traditional exemption. Income-sensitive education tax rate: property tax adjusted based on household income (2.55% of income used for education tax liability). Effectively limits school tax burden based on ability to pay.

Key Notes

Unique income-sensitivity feature adjusts education property tax based on household income. Two-rate system: education tax (statewide) and municipal tax (local). High effective rate reflects heavy reliance on property tax for education funding.

Late Penalty

8% annual interest on delinquent taxes (municipality may set up to 1% per month); collector's fee added

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