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H 265 - Amends Education Property Tax Rates for Fiscal Year 2014 - Vermont Key Vote

Stage Details

Title: Amends Education Property Tax Rates for Fiscal Year 2014

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Title: Amends Education Property Tax Rates for Fiscal Year 2014

Vote Smart's Synopsis:

Vote to pass a bill that reduces the education property tax rate for fiscal year 2014, effective immediately.

Highlights:

  • Reduces the education property tax rate for nonresidential property from $1.59 to $1.44 per $100 of property value for fiscal year 2014 (Sec.1).
  • Reduces the education property tax rate for homestead property from $1.10 to $0.94 multiplied by the district spending adjustment for the municipality per $100 of property value for fiscal year 2014 (Sec. 1).
  • Establishes a base education amount of $9,151 for fiscal year 2014 (Sec. 2).

Title: Amends Education Property Tax Rates for Fiscal Year 2014

Committee Sponsors

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