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: 24 V.S.A. § 3216)
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§ 3216. Property exempt from taxes and from levy and sale by virtue of an execution
(a) All property of a municipality, including funds, owned or held by it for the purposes
of this chapter shall be exempt from levy and sale by virtue of an execution, and
no execution or other judicial process shall issue against the same nor shall judgment
against a municipality be a charge or lien upon such property; provided, however,
that the provisions of this section shall not apply to or limit the right of obligees
to pursue any remedies for the enforcement of any pledge or lien given pursuant to
this act by a municipality on its rents, fees, grants, or revenues from urban renewal
projects.
(b) The property of a municipality, acquired or held for the purposes of this chapter,
is declared to be public property used for essential public and governmental purposes
and such property shall be exempt from all taxes of the municipality, the county,
the State, or any political subdivision thereof; provided, that such tax exemption
shall terminate when the municipality sells, leases, or otherwise disposes of such
property in an urban renewal area to a purchaser or lessee which is not a public body
entitled to tax exemption with respect to such property.