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Realtors back change to credit at transfer timing; titles and municipalities will need operational guidance
Summary
The Vermont Association of Realtors supported a provision in H.454 that ends a seller—s property tax credit at the date of transfer, saying buyers should be able to claim credit for the portion of the year they own the property; witnesses asked for clearer closing and municipal billing guidance.
Peter Tucker, director of public policy and advocacy for the Vermont Association of Realtors, told the Finance Committee that a provision in H.454 would end a seller—s property tax credit on the date of transfer and allow the buyer to file for the credit for the year of purchase.
Tucker said the change is…
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