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.
(Cite as: 32 V.S.A. § 10003)
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§ 10003. Rate of tax
The tax imposed by section 10001 of this title shall be based upon the years held at the following rates on the gain, as gain is
determined under section 10005 of this title:
| Years land held by |
*Gain, as a percentage |
| transferor |
of basis (tax cost) |
| |
0-99% |
100-199% |
200% or more |
| Less than 4 months |
60% |
70% |
80% |
| 4 months, but less than 8 |
35% |
52.5% |
70% |
| 8 months, but less than 1 year |
30% |
45% |
60% |
| 1 year, but less than 2 |
25% |
37.5% |
50% |
| 2 years, but less than 3 |
20% |
30% |
40% |
| 3 years, but less than 4 |
15% |
22.5% |
30% |
| 4 years, but less than 5 |
10% |
15% |
20% |
| 5 years, but less than 6 |
5% |
7.5% |
10% |
* Gain, as percent of basis, shall be rounded to the next highest whole percentage.
A single flat rate of tax shall apply to all of the gain and shall be determined by
the percentage that the entire gain is of the basis (tax cost). (Added 1973, No. 81, § 8, eff. May 1, 1973; amended 1987, No. 64, § 8, eff. June 1, 1987.)