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.
Subchapter
007
:
FINANCES
(Cite as: 24 App. V.S.A. ch. 107, § 7.04)
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§ 7.4. Reappraisal of property
Taxable property within the Town may be reappraised from time to time as may be deemed
expedient by the Representative Town Meeting on recommendation of the Selectboard
when advised by the Board of Listers that the State Division of Property Valuation
and Review has determined that the common level of assessment has dropped below 80
percent or the coefficient of dispersion has exceeded 20 percent. In the event that
a sufficient sum is not appropriated or existing in any reserve fund designated for
reappraisals to defray the expense of such reappraisal, the Selectboard shall impose
a special assessment on the grand list in addition to all others approved by the voters
or as provided by law. (Amended 2003, No. M-6, § 2; 2011, No. M-10 (Adj. Sess.), § 2, eff. April 27, 2012.)