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
009
:
TAXATION
(Cite as: 24 App. V.S.A. ch. 147, § 9.02)
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§ 9.2. Penalty and interest
Interest will be added to any tax not paid on or before its due date for each month
or a fraction thereof after the date on which the tax payment was due. Prior to a
commencement of a new fiscal year (July 1st), the Selectboard shall determine by resolution
the interest rate for that fiscal year, which in no case shall exceed one and one-half
percent per month. In addition, a late charge of five percent will be added to any
tax not paid on or before its due date. The Selectboard shall have the power to waive
such penalty for just cause shown for any tax paid within seven days after said due
date. If the taxpayer and the Town enter into an agreement to bring a delinquent account
current, payments may be applied to the current tax due and past principal. All tax
payments paid by taxpayers who do not have a current agreement shall first be applied
to the most outstanding delinquent accounts. (Amended 2011, No. M-7, § 2, eff. May 17, 2011.)