Permanent Maine residents 65 or older who have owned a home for at least 10 years may apply through their towns to have their property taxes frozen at their current level. One wonders what the fiscal impact to Vermonters of such a policy would be.
New Hampshire is known as the “Live Free or Die” state that prides itself on a low financial burden for residents with no personal income or sales taxes. But when it comes to local property – or real estate – taxes, not so much.
Cities and towns could cap school spending to prevent local property tax hikes under a proposal being advanced by New Hampshire lawmakers.
Vermont has the 4th highest property tax rate in the country, at 1.76%, according to research from the Tax Foundation. We are second only to New Hampshire among the New England states, which has a property tax rate of 1.89%.
Property tax revenues collected per capita in New Hampshire amounted to $3,362 in fiscal year 2018, the second highest level among the 50 states, according to a new Tax Foundation analysis. Vermont property taxes amounted to $2,738.
My point is that the city of Burlington’s appraisal process is “systematically” flawed and it can’t be solved by placating a few vocal and loud protestors, such as me.
A new study shows New Hampshire ranks third highest in the country for high property taxes. According to findings released by financial website WalletHub, the state has a 2.18% tax rate with consumers paying $5,701 in real estate taxes on a home with a $261,700 median value.
Shelburne residents will vote on March 2 whether to approve a $1.12 million bond to purchase land for a new Health Living store and rights to build a fire and rescue station in the future.
Last month the three-member Vermont Tax Structure Commission delivered a well-written, informative and conscientious report. The Legislature will now need to come to grips with some very large taxation change proposals. The longest part of the report deals with our complex property tax financing of education.
November property tax payments in Shelburne are running behind last year’s — to no one’s surprise. Town officials had prepared earlier this year for a loss of some tax payments because of the COVID-19 pandemic.
While these increases are extreme due to the pandemic, they are part of a long-term trend of unsustainably high property taxes, growing every year, to fund ever higher school spending that serves fewer and fewer students.
The Legislature is supposed to set the “yield” rate for Vermonters’ property taxes, but the economic chaos set off by the COVID-19 response has left the bean counters shrugging their shoulders — there is a great deal of “we don’t know what we don’t know.”