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The Big Reveal: Vt. residents brace for property tax bills
https://www.wcax.com/2024/07/05/big-reveal-vt-residents-brace-property-tax-bills/(2:20 min. video at link)
The Big Reveal: Vt. residents brace for property tax bills
By Calvin Cutler
Published: Jul. 5, 2024 at 4:48 PM EDT|Updated: 14 hours ago
MONTPELIER, Vt. (WCAX) - Property tax bills will be arriving in the mail soon for Vermonters, and many are likely to suffer from sticker shock. After months of debate over soaring school budgets the yield bill, the average Vermonter will see a 14-percent increase in their bill. But what you will actually pay depends on where you live.
It’s almost tax time in Killington. Bills go out next week and Selectboard Chair Jim Haff says residents will be hit with a double whammy -- high per-pupil spending and a sharp decrease in the common level of appraisal as property values have skyrocketed. It all means taxes are going up 24 percent.
“When these bills go out next week, I think we’re going to see throughout the state a lot of screaming, a lot of shock, a lot of questioning,” Haff said.
While the average school property tax rate is going up about 14 percent, new data published this week from the Department of Taxes details how much your tax rate will rise depending on where you live.
[...]
By Calvin Cutler
Published: Jul. 5, 2024 at 4:48 PM EDT|Updated: 14 hours ago
MONTPELIER, Vt. (WCAX) - Property tax bills will be arriving in the mail soon for Vermonters, and many are likely to suffer from sticker shock. After months of debate over soaring school budgets the yield bill, the average Vermonter will see a 14-percent increase in their bill. But what you will actually pay depends on where you live.
It’s almost tax time in Killington. Bills go out next week and Selectboard Chair Jim Haff says residents will be hit with a double whammy -- high per-pupil spending and a sharp decrease in the common level of appraisal as property values have skyrocketed. It all means taxes are going up 24 percent.
“When these bills go out next week, I think we’re going to see throughout the state a lot of screaming, a lot of shock, a lot of questioning,” Haff said.
While the average school property tax rate is going up about 14 percent, new data published this week from the Department of Taxes details how much your tax rate will rise depending on where you live.
[...]
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