An act relating to homestead property tax yields, the nonhomestead property tax rate, and technical changes to education finance

Summary

The bill establishes the property‑dollar and income‑dollar equivalent yields for fiscal year 2027 and fixes the non‑homestead education property tax rate at $1.698 per $100 of equalized value. It also earmarks $52.45 million in the Education Fund to offset any education tax‑rate increase in 2028, refunds $150,576 to the City of Barre for past overpayments, and revises how special‑education census grants are calculated and adjusted for inflation. These changes affect all Vermont municipalities, school supervisory unions, and the City of Barre.

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