Sheet VT · FY 2027 rules
Vermont Property Tax Calculator
A Vermont bill has two parts: the statewide education tax, charged at a town-specific homestead or nonhomestead rate that the state sets from each town’s spending, and the town’s own municipal rate, both per $100 of listed value.
Buying or selling? Vermont property transfer tax calculator
Rules verified 6 primary sources Editorial policy
Estimate your FY 2027 Vermont bill
- Tax — Education tax —
- Tax — Municipal tax —
- Credits subtracted —
- Fixed charges added —
Different allowances for different levies need separately approved taxable bases in the prepared levy worksheet. The extra exemption above subtracts the same assessed-dollar amount from every modeled levy.
How Vermont turns value into a tax bill
| Step | Vermont rule | Source |
|---|---|---|
| Value | Town listers or assessors set listed value at estimated fair market value as of April 1. | [1] |
| Assessment | 100% of listed value | [1][2] |
| Annual limit | No cap on listed value; education rates are adjusted for each town’s common level of appraisal instead. | |
| Exemption | Disabled veteran exemption (state minimum): $10,000 off listed value; all levies.Residence owned and occupied by a veteran (or spouse, widow(er) or child) receiving VA disability compensation for at least 50% disability, death compensation, DIC, or a disability pension; file with the Office of Veterans Affairs by May 1. Towns may vote to raise it to up to $40,000. | [5][6] |
| Rate | Education tax: local rate — you enter it.Your town's homestead education tax rate (nonhomestead rate if no Homestead Declaration), per $100 | |
| Rate | Municipal tax: local rate — you enter it.Municipal (town/city) tax rate, per $100 |
Vermont property tax rules in brief
Town listers value property at estimated fair market value, and the bill applies both a municipal rate and an education rate to that value.14
Vermont's education tax is statewide, but the homestead rate differs by town because it is $1.00 per $100 times the district's spending adjustment, then adjusted for the town's common level of appraisal.2
Owners who file a Homestead Declaration (HS-122) and have no business or rental use pay only the homestead education rate; non-primary property pays the nonhomestead rate.4
For fiscal year 2027 the Legislature set the property yield at $9,401 and the base nonhomestead rate at $1.643 per $100 of equalized value.3
State law requires at least a $10,000 exemption for qualifying disabled veterans, applied to both the municipal and education grand lists, and towns may vote up to $40,000.56
Vermont has no statewide assessment cap or homestead value exemption; relief for home owners comes through the income-based property tax credit.24
Worked example
Illustrative rates: education $1.74 and municipal $0.70 per $100. 300,000 → 5,220.00 + 2,100.00 = 7,320.00, before any income-based property tax credit.
| Line | Taxable value | Tax |
|---|---|---|
| Education tax at $1.74 per $100 | $300,000.00 | $5,220.00 |
| Municipal tax at $0.70 per $100 | $300,000.00 | $2,100.00 |
| Annual total | $7,320.00 |
Left to your local bill
- Property tax credit for homesteads (income-based; claimed on the income tax return)
- Town-voted increase of the veterans exemption above $10,000 (up to $40,000)
- Split homestead/nonhomestead bills when part of the home is used for business or rental
- Town-specific education rates: the homestead rate depends on district spending and the CLA, and the nonhomestead rate is $1.643 per $100 (FY 2027) divided by the town's CLA/statewide adjustment
- Current use (use value appraisal) program, tax stabilization agreements, local special assessments
- Act 73 (2025) education finance changes that take effect from July 1, 2028 only if their contingencies are met
Census context, not a rate
American Community Survey 2020–2024: median owner-occupied value $316,600 (±$3,361), median real-estate taxes $5,039 (±$66). Dividing one by the other gives 1.59% for Vermont. Tables B25077 and B25103; why it is only context.
Sources
- legislature.vermont.gov32 V.S.A. 3481(1)(A), read .
“with respect to all other property, except for owner-occupied housing identified in subdivision (C) of this subdivision (1), the estimated fair market value.”
- legislature.vermont.gov32 V.S.A. 5402(a)(2) (version effective until contingency met), read .
“(2) The tax rate for homestead property shall be $1.00 multiplied by the education property tax spending adjustment for the municipality per $100.00 of equalized education property value as most recently determined under section 5405 of this title.”
- legislature.vermont.govAct 169 of 2026 (H.949), Sec. 1 (eff. July 1, 2026), read .
“For fiscal year 2027 only: (1) Pursuant to 32 V.S.A. § 5402b(b), the property dollar equivalent yield shall be $9,401.00. ... (3) ... the nonhomestead property tax rate shall be $1.643 per $100.00 of equalized education property value.”
- tax.vermont.govVermont Department of Taxes, Your Vermont Property Tax Bill, read .
“If you filed a Homestead Declaration (Form HS-122) this year and have no business or rental use, your bill will show only the homestead education rate.”
- tax.vermont.govVermont Department of Taxes, Property Tax Exemptions (Disabled Veteran and Surviving Spouse), read .
“State law mandates a minimum $10,000 property tax exemption for veterans. Cities and towns may vote to exempt up to $40,000. Both the $10,000 and the $40,000 exemptions apply against the municipal and education grand lists”
- legislature.vermont.gov32 V.S.A. 3802(11)(A)(i), read .
“Real and personal property to the extent of $10,000.00 of appraisal value, except any part used for business or rental, occupied as the established residence of and owned in fee simple by a veteran”
Bordering jurisdictions
- Massachusetts property tax calculator
- New Hampshire property tax calculator
- New York property tax calculator
Elsewhere in the region:
Rules verified by the Property Tax Calculator Editorial Team. Report a correction