VT Education Property Tax Adjustment

VT Education Property Tax Adjustments – Act 185

The Vermont Legislature has changed the way in which State of Vermont Education Property Tax Adjustments are paid. In the past, the Vermont Tax Department paid the rebate/ prebate amounts directly to the individual property owner who was entitled to the tax adjustment. Beginning in 2007, the property tax adjustment will be paid directly to the municipality as a credit toward the homestead amount. Source:  VREIN (VT Real Estate Information Network)