Tax officials predict stable property tax rate for 2019
MONTPELIER, Vt. (AP) — Vermont’s tax commissioner is predicting that property tax rates will remain stable in 2019
Tax Commissioner Kaj Samsom says the residential property tax rate is projected to stay at $1.50 for every $100 of assessed property value, and the non-residential property tax rate will stay at $1.58.
The Tax Department estimates the overall property tax bill will rise about 1.5 percent due to an increase in property values.
A stable property tax rate is good news for Gov. Phil Scott, who seeks to step up spending on child care programs.
Scott said in a statement Monday his top priority remains improving quality and equity in the upcoming legislative session.