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Vermont Program Eligibility

Property Tax-Aide features the Property Tax Credit, Homestead Declaration, and Renter Claim Credit programs in Vermont. Currently, there are no statewide programs specifically for older adults.

The information on this page is updated as new information becomes available by the relevant tax agencies.

Property Tax Credit

The Vermont Property Tax Credit assists homeowners with paying their property taxes. The maximum credit is $8,000, with a maximum of $5,600 for the education property tax portion and $2,400 for the municipal property tax portion. The credit will appear as a state payment on your 2023/2024 property tax bill.

Application Deadline

The due date to file Form HS-122 is April 15, 2024. Homeowners filing a property tax credit, Form HS-122, Section B, and Schedule HI-144, between April 16 and Oct. 15, 2024, may still qualify for a Property Tax Credit. A $15 late filing fee will be deducted from the credit. Generally, claims cannot be accepted after Oct. 15, 2024.

Homestead Declaration

In Vermont, all property is subject to education property tax to pay for the state’s schools. For the education property tax, property is categorized as either homestead or nonhomestead. All property is considered nonhomestead, unless it is declared as a homestead. The education property tax rate levied on homestead differs from the rate levied on non-homestead property.

The homeowner is responsible to claim the property as homestead and must apply annually.

Application Deadline

  • The Homestead Declaration for 2024 is due April 15 and no later than October 15,2024. Your municipality may assess a penalty after the April due date.
    • The penalty is up to 3% if the nonhomestead rate is higher than the homestead education property tax rate or up to 8% if the nonhomestead education property tax rate is lower than the homestead rate.
  • The application must be submitted annually.
  • Application can be filed electronically or by mail.

Renter Credit Claim

Vermont renter may be eligible for tax credit depending on their income, family size, and county of residency. The Renter Credit Program refunds eligible renters a portion of their rent paid based on HUD fair market rent guidelines.
For the purposes of the renter credit, income starts with federal adjusted gross income, then adds back certain trade or business losses, exempt interest, 75% of exempt Social Security benefits, and certain adjustments to gross income. Renters may be eligible for the credit if they have rented for at least six calendar months during the taxable year, although the months rented are not required to be consecutive.

Application Deadline

Your application must be filed no later than the Oct. 15 filing deadline. Returns received after this date cannot be accepted.

Property Tax-Aide has independently selected the property tax relief programs featured on this website that we think are the most relevant and beneficial to older adults. It is not an exhaustive list of all property tax relief programs available in each state. Please consult your local tax agency for a comprehensive listing of property tax relief programs in your area.

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