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PVR annual report: Vermont property values keep rising as reappraisal backlog and data-system problems complicate equalization work
Summary
The Property Valuation & Review annual report presented Jan. 28 shows statewide listed values rose faster than a year earlier (10.6% equalized change), persistent CLA/COD disparities and a growing reappraisal backlog; staff warned data-system limitations and vendor issues have increased manual work. (Jill Remick quoted.)
Jill Remick, director of the Property Valuation & Review division, presented the PVR annual report to the Ways & Means committee on Jan. 28, saying the document is “a report we're required to do every year and submit to the legislature.” The report reflects 2025 data and, Remick said, is intended as a statewide snapshot supported by supplemental town-level tables on the PVR website.
Remick said statewide listed values and equalized property values remain on an upward trend: listed education value rose year over year and the equalized property value change was 10.6% in the most recent reporting period, down from a roughly 14% jump the prior year but…
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