[{"_1":2,"_87":-5,"_88":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":56,"_74":56},"mediaId",6252928,"mediaKeyId","3184470-6815b2b16969d9fb4b669cf2ef50f8c5","parentId",3184470,"title","Senate Finance hears plan to move Vermont toward six-year property reappraisal cycle and regional assessment districts","audioSeconds",2557,"startMs",242785,"endMs",2800011,"viewUrl","/Search/View?dp=1&key=3184470-6815b2b16969d9fb4b669cf2ef50f8c5&start=242&end=2800","thumbnailUrl","https://assets.pipeline.soar.com/3184470-6815b2b16969d9fb4b669cf2ef50f8c5/thumbnail_242785.jpg","articleUrl","/articles/6252928/Vermont/Senate-Finance-hears-plan-to-move-Vermont-toward-six-year-property-reappraisal-cycle-and-regional-assessment-districts","mediaUrl","https://secure.pipeline.soar.com/6252928-b37b78e7078fefb36497fa652d67ab0b/orig.mp4?Expires=1771193010&Signature=SnQDC7iKLWh39auw24wIZ6RV5hC5~agmm-9GPSsAEEBjnhQMgrG~kMEZQgKPCvG6k62RF1HVKNZ2CMPtmb-oFpK6DOkDFbrJCcQ~aPXJp86F3XRQ8YMb~VII8mk~nqf0wovyo4SHsAcrdaQJ5oq8gCsmvRpSOYFJ39pIWqK6H6706Car0-ms4B2IMgrWMfQY~13h-7xsI6jgD9NaWWfVe2iJR5LuEe5QkF4te4q9h0AVNnK8o2K-DIOJW36tEYXp2AmPAfXTOUL~B~~uTUJFPe7rfMuE3Mnfac44HxNP9kqAq-F6fUJcIrpJpZHSE5aZGCAkq4dTFo3~gToZtK7pPA__&Key-Pair-Id=KUT5TJCACFTXG","author","","date","2025-05-03T04:55:57.243Z","article","At a Senate Finance Committee meeting, Jill Remnick, director of Property Valuation and Review (PVR) at the Vermont Department of Taxes, outlined a plan to move Vermont toward a regular six-year property reappraisal cycle, regional assessment districts, and expanded use of statistical (desk-based) reappraisals.

Remnick told the committee that the proposal aims to make reappraisals more regular and transparent, reduce disparities that grow when towns go many years between reappraisals, and help taxpayers better understand how assessed value relates to property tax bills. \"We want values to be updated regularly,\" she said, adding that more frequent updates can reduce the regressive effects that occur when lower-value properties’ assessments lag behind market changes.

Remnick provided data showing 35 municipalities are completing reappraisals in 2025 (about 38,000 parcels, roughly one-sixth of the state) and 37 are scheduled for 2026. She said town contracts for reappraisals statewide total about $3.2 million this year and that the state's annual reappraisal-related per-parcel payments are \"just under $3,000,000.\" She estimated many town contracts average roughly $100 per parcel.

Key elements Remnick described include:

- A six-year statewide reappraisal cycle, with director discretion to give towns a transition buy‑in if they recently contracted for work; Remnick noted a statutory or phased transition will be needed and discussed language that would prohibit new contracts after 2027 for certain transition schedules.

- Greater use of statistical reappraisals and remote tools (aerial imagery, LIDAR, oblique photography) to reduce the need for interior inspections and to target in-person work to anomalies or changes that require inspection.

- Creation of regional assessment districts to pool municipal demand and make it easier for assessment firms to serve Vermont towns; Remnick said regional districts need not force a single contractor and could allow multiple firms within a district.

- Retention of local grievance and appeal processes, and attention to the PVR hearing officer capacity; Remnick said hearing officers are effectively unpaid and the department had requested increased compensation to attract and retain them.

Remnick also referenced Act 68 and an IAAO study prepared after that legislation as context for current practices, and noted that Vermont's process applies equalization (the Common Level of Appraisal, or CLA) to the tax rate rather than directly to values as many other states do.

Committee members raised concerns about logistics: who would convene towns for district formation, how costs would be apportioned (per-parcel or per-capita), small-town capacity, and the potential for larger districts to exclude small or Vermont-based firms. Remnick and other staff said many of those details should be worked out in stakeholder groups and regional discussions, and that the department wants to convene stakeholders before finalizing bill language.

No formal committee votes were recorded in the provided transcript excerpt. Committee members asked staff to proceed with stakeholder engagement and to prepare technical transition dates and details for legislative language.","mediaType","Video","parentTitle","Senate Finance - 2025-05-07 - 3:00PM","oneSentenceSummary","Vermont Department of Taxes officials told the Senate Finance Committee they support moving to a six-year reappraisal cycle, using statistical reappraisals, and forming regional assessment districts to help towns update property values more regularly and reduce disparities in tax burdens.","taxTitle","Finance, SENATE, Committees, Legislative , Vermont","taxId",38150,"location","Vermont","headline","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":72,"_73":56,"_74":56},6252933,"Senate Finance agrees to remove prioritization clause from H.398 disaster loan language",62,13575,75685,"/Search/View?dp=1&key=3184470-6815b2b16969d9fb4b669cf2ef50f8c5&start=13&end=75","https://assets.pipeline.soar.com/3184470-6815b2b16969d9fb4b669cf2ef50f8c5/thumbnail_13575.jpg","/articles/6252933/Vermont/Senate-Finance-agrees-to-remove-prioritization-clause-from-H398-disaster-loan-language","https://secure.pipeline.soar.com/6252933-732634afffa45a9654ec383cb698a78b/orig.mp4?Expires=1771193010&Signature=cvREqBsxNQezdymtDB9hpGqRSD07U6FlvIhMPsnrr-BfcG70OZqU3UuYmFzljeJqgKuyEHwXay9oCrL6ohSorYqqbUQJC32ghVj8McQ8qIUZMjUP5tOLBL3HJJaSig3CcGj7IoD55EcuE6o32BB0a4zL94fGYqwYwbCBIDoAKu4OmU~k8vccqti~Zlv0Lw7JOKku1GtxLa0iVqf3vcRWoB6saZxyuB785LV3feyls1Wr3PNmGdGe1k9pTNCE-PUlm7XozOb5hWhXNukP9o3U9mYejxNoY76yKUQ65SMg88VXeyH9ywzPp9iZwimcTnEAxvuljDiF2fqtgbNBOBDw5w__&Key-Pair-Id=KUT5TJCACFTXG","At a Senate Finance Committee meeting, members agreed to remove a clause from a draft amendment to H.398 that would have required prioritizing businesses that had not already received state disaster recovery assistance.

Committee members said the change will limit the directive to \"considering\" whether a business previously received help from the Vermont Disaster Recovery Loan Fund, rather than ordering officials to prioritize applicants who had not. That fund was referenced in the draft language as the \"Vermont Disaster Recovery Loan Fund established under, by this subchapter 15.\"

The exchange began when a member reading the draft amendment said the full sentence ended, \"in determining whether to issue financial assistance from the Vermont Disaster Recovery Loan Fund established under by this sub chapter 15. The authority shall consider whether a business has received disaster recovery financial assistance from state for the same disaster event.\" Committee members objected to an additional clause that would have required prioritizing businesses that had not received prior assistance. The committee agreed the sentence should end at \"the same disaster event\" and that the extra prioritization language should be struck.

Committee members directed staff to have the amendment redrafted to reflect that change before the bill proceeds. The committee did not record a formal vote on the redraft during the discussion on the transcript excerpt.

The transcript shows the redraft will be handled by staff (referred to as \"Cameron\" and the \"secretary's office\"); no further timeline for the refiled amendment was provided in the discussion excerpt.","During a Senate Finance Committee meeting, members agreed to strike language in a draft amendment to H.398 that would have directed prioritization of businesses that had not received prior state disaster recovery assistance, leaving only consideration of prior assistance.","actionData","errors"]

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Senate Finance hears plan to move Vermont toward six-year property reappraisal cycle and regional assessment districts

Senate Finance agrees to remove prioritization clause from H.398 disaster loan language