The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 11 V.S.A. § 1610)
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§ 1610. Separate taxation; mobile home cooperatives
Each unit in a mobile home limited equity cooperative under proprietary lease, together
with any improvements thereon and together with the proprietary lessee’s cooperative
interest in the common areas and facilities owned by the cooperative, shall be considered
to be a parcel, and shall be subject to separate assessment and taxation as real property
by each assessing unit and special district for all types of taxes authorized by law,
including special ad valorem levies and special assessments. Each unit held by the
cooperative not under proprietary lease, together with any improvements thereon, and
together with the remaining and unissued cooperative interest in the common areas
and facilities owned by the cooperative, may be combined and treated as one parcel
for purposes of assessment and taxation at the discretion of the listers, and shall
be subject to assessment and taxation as real property by each assessing unit and
special district for all types of taxes authorized by law. Except for the units described
in this section, no cooperative property, including common areas and facilities owned
by the cooperative, shall be deemed to be a parcel subject to separate assessment
and taxation. (Added 1999, No. 159 (Adj. Sess.), § 21, eff. May 29, 2000.)