Title 32, Taxation and Finance

§ 3831. College, university, or fraternity property (a) Any real property acquired after April 1, 1941, by any college, university, or fraternity such as would be exempt from taxation under the provisions of section 3802 of this title shall be set to such institution in the grand…

§ 3832. Public, pious, and charitable uses The exemption from taxation of real and personal estate granted, sequestered, or used for public, pious, or charitable uses shall not be construed as exempting: (1) real and personal property held in trust for a municipal corporation by …

§ 3834. Factories; quarries; mines If the amount invested exceeds $1,000.00, manufacturing establishments, quarries, mines, and such machinery, tramways, appliances, and buildings as are necessary for use in the business, machinery placed in an unoccupied building to be used in s…

§ 3835. Reporting exemption Within 10 days after the adjournment of any town meeting at which an exemption is granted under the provisions of section 3834 of this title, the town clerk shall report to the director, upon forms to be furnished by him or her, the date upon which suc…

§ 3836. Homes and dwellings Annually at town meeting, a town may vote to exempt from taxes the first $75,000.00 or a smaller amount of the appraised value of buildings used and occupied exclusively as homes, dwelling houses, or farm buildings whether for sale or rent, provided su…

§ 3837. Airports At an annual or special meeting, a town may vote to exempt, for a period not exceeding five years at a time, real and personal estate used and occupied for or in connection with airport purposes.

§ 3838. Hotels At an annual or special meeting, a town may vote to exempt, for a period not exceeding five years at a time, real and personal estate used and occupied for hotel purposes. When a majority of those voting on the question of such exemption at an annual meeting vote i…

§ 3839. Municipally owned lakeshore property (a) Notwithstanding section 3659 of this title, a town may vote to exempt from its municipal taxes, in whole or in part, any parcel of land, but not buildings, that provides public access to public waters, as defined in 10 V.S.A. § 142…

§ 3840. Charitable and fraternal organizations When a society or body of persons associated for a charitable purpose, in whole or in part, including fraternal organizations, volunteer fire, and ambulance or rescue companies, owns real estate used exclusively for the purposes of s…

§ 3843. Housing projects for low- and moderate-income occupants A municipality may vote at any regular or special meeting to exempt, in full or in part, for a term not to exceed 40 years, a federally subsidized low- or moderate-income housing project from education property tax i…

§ 3845. Renewable energy sources (a) At an annual or special meeting warned for that purpose, a town may, by a majority vote of those present and voting, exempt renewable energy sources, as defined herein, from real and personal property taxation. Such exemption shall first be ap…

§ 3846. Farmland appraisal contracts (a) As used in this section: (1) “Farmland” means real estate that is actively and exclusively devoted to farming and that is at least 25 acres in area and is operated or leased as a farm enterprise by the owner. (2) “Forestland” means any lan…

§ 3847. Neighborhood housing improvement programs At an annual or special meeting, a municipality may vote to exempt, for a period not exceeding five years, the property tax on the value of improvements made to principal dwelling units with funds provided in whole or in part by a…

§ 3848. Inventory tax; local option (a) At an annual or special meeting warned for the purpose, a municipality may, by a majority vote of those present and voting, elect not to tax inventory of manufacturers and merchants and of other trades and businesses, including professional…

§ 3849. Business personal property; local option (a) At an annual or special meeting warned for the purpose, a municipality may, by a majority vote of those present and voting, elect not to tax, in whole or in part, business personal property according to this section. An electio…

§ 3850. Blighted property improvement program (a) At an annual or special meeting, a municipality may vote to authorize the legislative body of the municipality to exempt from municipal taxes for a period not to exceed five years the value of improvements made to dwelling units c…

§ 3870. Definitions [Repealed effective July 1, 2037] As used in this subchapter: (1) “Agency” means the Agency of Commerce and Community Development as established under 3 V.S.A. § 2402. (2) “Appraisal value” has the same meaning as in subdivision 3481(1)(A) of this title. (3) “…

§ 3871. Exemption [Repealed effective July 1, 2037] (a) Value increase exemption. An increase in the appraisal value of a qualifying property due to qualifying improvements shall be exempted from property taxation pursuant to this subchapter by fixing and maintaining the taxable …

§ 3872. Administration and certification [Repealed effective July 1, 2037] (a) To be eligible for exemption under this subchapter, a property owner shall: (1) submit an application to the Agency of Commerce and Community Development in the form and manner determined by the Agency…