The Vermont Statutes Online

Title 32 : Taxation and Finance

Chapter 129 : Grand Tax Lists

Subchapter 002 : Appraisals

• § 4041a. Reappraisal

  (a)(1) A municipality shall be paid $8.50 per grand list parcel per year from the General Fund to be used only for maintenance of the grand list.

  (2) During the year in which a municipality is scheduled to fully reappraise pursuant to subsection 3417(b) of this title, a municipality may notify the Commissioner in writing that it is prepared to commence the full appraisal. Within 30 days, the Commissioner shall estimate the cost of the municipality’s full reappraisal and transfer to the municipality the lesser of two-thirds of the estimated cost or $66.00 per grand list parcel in the municipality.

  [Subsection (b) repealed effective January 1, 2031.]

  (b) If the Director of Property Valuation and Review determines that a municipality’s education grand list has a coefficient of dispersion greater than 20 or that a municipality has not timely reappraised pursuant to subsection (d) of this section, the municipality shall reappraise its education grand list properties. If the Director orders a reappraisal, the Director shall send the municipality written notice of the decision. The municipality shall be given 30 days to contest the finding under procedural rules adopted by the Director or to develop a compliance plan, or both. If the Director accepts a proposed compliance plan submitted by the municipality, the Director shall not order commencement of the reappraisal until the municipality has had one year to carry out that plan.

  [Subsection (c) repealed effective January 1, 2031.]

  (c) If a municipality fails to submit an acceptable plan or fails to carry out the plan, pursuant to subsection (b) of this section, the State shall withhold the education, transportation, and other funds from the municipality until the Director certifies that the town has carried out that plan.

  [Subsection (d) repealed effective January 1, 2031.]

  (d) Each municipality shall commence a full reappraisal not later than six years after the commencement of the municipality’s most recent full reappraisal unless a longer period of time is approved by the Director.

  [Subsection (e) repealed effective January 1, 2031.]

  (e) The Director shall adopt rules necessary for administration of this section. (Added 1997, No. 60, § 46, eff. Jan. 1, 1998; amended 2005, No. 38, § 8; 2005, No. 215 (Adj. Sess.), § 284; 2015, No. 134 (Adj. Sess.), § 6, eff. May 25, 2016; 2019, No. 51, § 24; 2021, No. 20, § 265; 2023, No. 68, § 1, eff. July 1, 2023; 2023, No. 68, § 2, eff. Jan. 1, 2025; 2023, No. 144 (Adj. Sess.), § 1, eff. June 3, 2024; 2019, No. 51, § 24, eff. July 1, 2019; 2025, No. 170 (Adj. Sess.), § 35, eff. July 1, 2026; 2025, No. 170 (Adj. Sess.), § 31, eff. January 1, 2031.)