Vermont Laws

The Vermont Statutes Online

Title 32 : Taxation and Finance

Chapter 123 : HOW, WHERE, AND TO WHOM PROPERTY IS TAXED

Subchapter 001 : SUBJECTS AND MANNER OF TAXATION

(Cite as: 32 V.S.A. § 3609)

§ 3609. Perpetual or redeemable leases

Perpetual or redeemable leases upon which rent is reserved, except of lands exempt from taxation, shall have an appraisal value as personal estate at a sum of which the rent is six percent. (Amended 1965, No. 45.)