An act relating to an increased education property tax rate for certain residential properties

Summary

The bill adds new property‑tax classifications for Vermont parcels and imposes a higher education tax rate on non‑homestead residential properties, such as second homes and short‑term rentals, as well as on non‑homestead seasonal homes. The additional revenue would be deposited into a newly created special fund for school construction. It applies to all towns that maintain a grand list of property classifications.

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