Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate Finance hears plan to move Vermont toward six-year property reappraisal cycle and regional assessment districts
Summary
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.
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…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
