Pages tagged “going up”

  • 2018 Blog Series: Why Your Property Taxes are Going up

    Last week was Governor Scott’s State of the State Address, which seemed to be well received be legislators and commentators on both sides of the isle. However, a few things jumped out at me, one of which was the Governor’s hold-the-line stance on statewide property taxes. Historically, this is difficult to promise. Despite having a statewide system, Vermont property taxes are quite complex in how they impact Vermonters’ actual tax bills.

    We actually have three statewide tax rates: residential, income-sensitized, and non-residential. Both the residential and income-sensitized rates are applied to a local multiplier (which is determined by a district’s per pupil spending) while non-residential is a flat statewide rate. To make this even more tricky, the local multiplier that effects residential and income-sensitized rates is calculated using a statewide base that is set by the Legislature. Complicated, isn’t it?

    Ben Kinsley

    Written by
    January 14, 2018