summary
Introduced
01/06/2026
01/06/2026
In Committee
01/06/2026
01/06/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Session
Bill Summary
This bill proposes to require an assessing official to account for State laws regulating the use and development of land with wetlands when valuing a parcel for the grand list.
AI Summary
This bill requires that when an assessing official determines the value of a property for the grand list (the official list of taxable property), they must consider any decrease in the property's value caused by state or local laws that restrict its development or use due to the presence of wetlands. Wetlands are defined as land designated as Class I wetlands by administrative rules, land identified as Class II wetlands on the Vermont Significant Wetlands Inventory, or land determined by the Secretary of Natural Resources to be significant wetlands. This definition also includes any buffer zones around these wetlands that are mandated by the Secretary of Natural Resources. The bill aims to ensure that properties with wetlands are taxed fairly by accounting for these environmental regulations, and it will become effective on July 1, 2026.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Senate Committee on Finance Hearing (00:00:00 2/10/2026 ) (on 02/10/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.vermont.gov/bill/status/2026/S.165 |
| BillText | https://legislature.vermont.gov/Documents/2026/Docs/BILLS/S-0165/S-0165%20As%20Introduced.pdf |
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