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
019
:
ASSESSMENT
(Cite as: 24 App. V.S.A. ch. 13, § 1904)
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§ 1904. Appraisal of unimproved land approved for commercial or industrial development
(a) The requirements of general law notwithstanding, the Assessor shall not take into
consideration the effect of any local or State approval authorizing commercial or
industrial development of unimproved land when determining the appraisal value of
such land, except as provided in subsection (c) of this section.
(b) The requirements of general law notwithstanding, the Assessor shall not consider roadway,
drainage, or utility improvements constructed on unimproved land pursuant to an approval
granted to develop such land for commercial or industrial purposes, except as provided
in subsection (c) of this section.
(c) As of April 1 next following the date of issuance of a zoning permit under the City
of South Burlington Land Development Regulations authorizing construction of a building
or buildings for commercial or industrial purposes, the Assessor shall determine the
appraisal value of the land benefitted by said permit, taking into account all factors
required under general law, including any permit or approval or any improvements not
previously considered pursuant to subsections (a) and (b) of this section. If the
permit holder has not taken action to initiate the authorized construction within
six months of the date of issuance of the zoning permit and the zoning permit has
expired, or if the zoning permit has been appealed to the Vermont Environmental Court,
the Assessor shall not consider the land to be benefited by the permit.
(d) “Unimproved land” means land, together with any improvements thereon, which is not
devoted to a commercial or industrial use.