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
005
:
TAXATION
(Cite as: 24 App. V.S.A. ch. 151, § 507)
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§ 507. Downtown district; taxes
(a) District taxes are charges levied upon the owners of taxable properties located in
the District, excepting properties used exclusively for residential purposes, which
taxes shall be used to defray the expenses incurred in connection with the operation,
maintenance, and repair of the District.
(b) The District tax for each property in the District subject to the tax shall be based
upon a rate on each $100.00 of listed value of the property as adjusted under subsection
(c) of this section. The tax rate shall be determined by dividing the amount to be
raised by taxes by the total value of the taxable properties on the grand list as
adjusted located in the District that are subject to the District tax under this subchapter.
(c) The District tax shall be set by the Select Board upon approval of the budget by the
Select Board and notice in writing thereof shall be given to owners of record as of
April 1 of each year of property so assessed, or to their agents or attorneys, stating
therein the amount of such District taxes, and such taxes shall be due and payable
to the Town Treasurer when normal Town and school taxes are due. The Town Treasurer
shall collect unpaid District taxes as provided for the collection of taxes in the
charter. District taxes shall be a lien on the properties when assessed and until
the tax is paid or the lien is otherwise discharged by operation of law.
(d) In the case of any property used for both residential and nonresidential purposes
within the District as of April 1, the Department of Assessment shall adjust the listed
value for the purposes of determining the District tax under this section to exclude
the value of that portion of the property used for residential purposes. The Department
of Assessment shall determine the adjusted grand list value of the business portion
of the property and give notice of the same as provided under 32 V.S.A. chapter 131. Any property owner may file a grievance with the Board and appeal the decision of
the Board as provided for under 32 V.S.A. chapter 131; however, the filing of an appeal of the determination of the Board and pendency
of the appeal shall not vacate the lien on the property assessed, and the District
taxes must be paid and continue to be paid as they become due. (Added 2023, No. M-27 (Adj. Sess.), § 2, eff. May 30, 2024.)