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Searching 2017-2018 Session

The Vermont Statutes Online

Title 32 : Taxation and Finance

Chapter 125 : EXEMPTIONS

Subchapter 002 : RESTRICTED EXEMPTIONS

(Cite as: 32 V.S.A. § 3836)
  • § 3836. Homes and dwellings

    Annually at town meeting, a town may vote to exempt from taxes the first $75,000.00 or a smaller amount of the appraised value of buildings used and occupied exclusively as homes, dwelling houses or farm buildings whether for sale or rent, provided such buildings have been constructed or put in the process of construction during the 12 months immediately preceding the meeting or are to be constructed or put in the process of construction during the 12 months immediately following the meeting. The duration of such exemption shall not exceed three years, to be determined by the vote. The exemption shall first be applicable against the grand list of the year in which the vote is taken. (Amended 1961, No. 255, eff. July 31, 1961; 2003, No. 76 (Adj. Sess.), § 31.)