The 2001-2002 residential property tax rate for every $100 of assessed
value was: $0.94 for municipal services and $1.19 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