summary
Introduced
02/24/2021
02/24/2021
In Committee
02/24/2021
02/24/2021
Crossed Over
Passed
Dead
05/12/2022
05/12/2022
Introduced Session
2021-2022 Session
Bill Summary
This bill proposes to apply the common level of appraisal used to calculate the 2022 tax year education property tax rates to determine the next two yearsâ?? tax rates. This bill proposes to impose a moratorium on requiring municipalities to conduct a municipality- wide reappraisal if the common level of appraisal or coefficient of dispersion is determined under statute to be too high or too low for the current fiscal year. This bill would also suspend all municipal appraisals of existing commercial nonhomestead properties. These changes would only apply to fiscal years 2023 and 2024.
AI Summary
This bill proposes to apply the common level of appraisal used to calculate the 2022 tax year education property tax rates to determine the next two years' tax rates. It also imposes a moratorium on requiring municipalities to conduct a municipality-wide reappraisal if the common level of appraisal or coefficient of dispersion is determined to be too high or too low for the current fiscal year. Additionally, the bill would suspend all municipal appraisals of existing commercial nonhomestead properties. These changes would only apply to fiscal years 2023 and 2024.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Read First Time and Referred to the Committee on Ways and Means (on 02/24/2021)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.vermont.gov/bill/status/2022/H.326 |
| BillText | https://legislature.vermont.gov/Documents/2022/Docs/BILLS/H-0326/H-0326%20As%20Introduced.pdf |
Loading...