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
012
:
ASSESSMENT AND COLLECTION OF TAXES; ESTABLISHMENT OF WATER AND HEAT RATES
(Cite as: 24 App. V.S.A. ch. 5, § 1201)
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§ 1201. Assessment of taxes and establishment of tax rate
(a) The City Council shall assess such taxes upon the grand list of the City as the voters
at any annual or special meeting warned for that purpose have approved for the payment
of debts and current expenses of the City, for carrying out any of the purposes of
this charter, and for the payment of all State and county taxes and obligations imposed
by law. The vote of the City shall be upon the specific sum of budgeted tax appropriation
for the support of all City departments, grants, schools, recreation, and elders.
The City Council shall establish a tax rate based upon the true grand list as appraised
by the City Assessor, and shall deliver the same to the City Treasurer for computation
and collection.
(b) The City shall have the authority to change the way that the annual fiscal budget
is approved, enabling voters to approve the entire municipal budget instead of or
in addition to voting on the budgeted tax appropriation amount. Voting on the entire
municipal budget shall take effect when such process is adopted by the majority of
voters at an annual or special meeting duly warned for this purpose in accordance
with general law.
(c) For the purpose of assessing taxes upon the grand list of the City as provided in
subsection (a) of this section, an owner whose personal property does not exceed the
assessed value of $10,000.00 shall not be set in the grand list of the City as taxable
personal estate. (Amended 2013, No. M-19 (Adj. Sess.), § 2, eff. May 20, 2014; 2013, No. 96 (Adj. Sess.), § 165; 2017, No. M-18 (Adj. Sess.), § 2, eff. May 21, 2018.)