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VermontH.4912025-2026 SessionHouseWALLET

An act relating to setting the homestead property tax yields and the nonhomestead property tax rate

Sponsored By: Sponsor information unavailable

Signed by Governor

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 1 costs, 1 mixed.

Vermont sets 2026 nonhomestead property tax rate

Beginning July 1, 2025, Vermont sets the nonhomestead property tax rate for fiscal year 2026 only. Owners pay $1.703 per $100 of equalized education property value under this rate. This rate overrides conflicting tax-rate rules for that fiscal year. The law does not establish whether the rate is higher or lower than before.

Vermont sets homeowner tax figures and valuation

Beginning July 1, 2025, Vermont sets two homestead tax calculation figures for fiscal year 2026 only. The property-based yield is $8,596; the income-based yield is $12,172 for households whose calculation uses it. These figures are not payments or final tax bills. The law also divides the housesite’s April 1 property-tax list value by that taxable year’s statewide adjustment. This replaces the local appraisal-based calculation and is not limited to fiscal year 2026.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 26 • No: 2

Senate vote • 5/7/2025

Read 3rd time & passed in concurrence on roll call, requested by Senator Baruth, Passed -- Needed 14 of 28 to Pass -- Yeas = 26, Nays = 2

Yes: 26 • No: 2

Actions Timeline

  1. House message: Governor approved bill on May 19, 2025

    5/20/2025House

  2. Signed by Governor on May 19, 2025

    5/20/2025House

  3. Delivered to Governor on May 13, 2025

    5/13/2025House

  4. Senate Message: Passed in concurrence

    5/8/2025Senate

  5. Read 3rd time & passed in concurrence on roll call, requested by Senator Baruth, Passed -- Needed 14 of 28 to Pass -- Yeas = 26, Nays = 2

    5/7/2025Senate

  6. Roll Call, Requested by Sen. Baruth

    5/7/2025Senate

  7. Pending third reading, Senator Vyhovsky proposal of amendment, disagreed to

    5/7/2025Senate

  8. New Business/Third Reading

    5/7/2025Senate

  9. Reported favorably by Senator Beck for Committee on Finance, read 2nd time and 3rd reading ordered

    5/6/2025Senate

  10. New Business/Second Reading

    5/6/2025Senate

  11. Favorable report by Committee on Finance

    5/6/2025Senate

  12. Favorable report by Committee on Finance

    5/2/2025Senate

  13. Second Reading

    5/2/2025Senate

  14. Entered on Notice Calendar

    5/2/2025Senate

  15. Read 1st time & referred to Committee on Finance

    4/2/2025Senate

  16. Read third time and passed

    3/28/2025House

  17. Action Calendar: Third Reading

    3/28/2025House

  18. Third Reading ordered

    3/27/2025House

  19. Rep. Kimbell of Woodstock spoke for the Committee on Ways and Means

    3/27/2025House

  20. Read second time

    3/27/2025House

  21. Action Calendar: Committee bill for second reading

    3/27/2025House

  22. Notice Calendar: Committee bill for second reading

    3/26/2025House

  23. Committee bill read the first time and placed on Notice Calendar of 3/26/2025

    3/25/2025House

Bill Text

  • As Enacted (ACT 24)Opens in a new window

    5/28/2025

    PDF

  • As Passed by Both Chambers

    5/12/2025

    PDF

  • As Passed by Both Chambers (Unofficial)

    5/12/2025

    PDF

  • As Passed by the House

    4/1/2025

    PDF

  • As Passed by the House (Unofficial)

    4/1/2025

    PDF

  • As Introduced

    3/21/2025

    PDF

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