Bill > H0491

This bill sets specific property tax parameters for fiscal year 2026 in Vermont, establishing three key tax-related provisions. First, the property dollar equivalent yield (a measure used to calculate education property tax rates) is set at $8,596.00, and the income dollar equivalent yield is set at $12,172.00. Second, the bill establishes a nonhomestead property tax rate of $1.703 per $100.00 of equalized education property value, which differs from standard rates. Third, the bill makes a technical amendment to the definition of "equalized value of the housesite" in Vermont law, changing how the calculation is performed by modifying the method of determining property valuation and introducing a statewide adjustment factor. The bill is specifically targeted to apply only for fiscal year 2026 and is set to take effect on July 1, 2025. These changes are designed to provide clarity and potentially adjust property tax calculations for the specified fiscal year, with implications for how property values are assessed and taxed in Vermont.

Budget and Finance

Ways and Means (House)

https://legislature.vermont.gov/bill/status/2026/H.491