The 2001-2002 residential property tax rate for every $100 of assessed
value was: $0.75 for municipal services and $1.96
for schools.
ACT 60
In 1997,
the Vermont Legislature passed Act 60, a property tax reform bill
designed to equalize educational opportunity among towns. Tax rates
for all towns are $1.10 as of July 1, 1999. Each town's tax rates
can increase above $1.10 based on school spending decisions made by
voters on the local level. Property tax payment might be less for
those with household incomes of less than $88,000.
Home costs and Act 60 source: Vermont Department of Taxes
