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

Summary

The act establishes the property‑dollar and income‑dollar yields used to calculate homestead education property taxes for fiscal year 2027 and fixes the non‑homestead tax rate at $1.698 per $100 of equalized education property value. It earmarks $52.45 million in the Education Fund to offset any education tax rate increase in FY2028 and refunds $150,576 to the City of Barre for past overpayments. The legislation also revises definitions and inflation‑adjustment methods for the state’s special‑education census grant.

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