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Department of Taxes report suggests statewide reappraisal cadence; Stamford to watch impacts
Summary
Board summarized a 109-page Vermont Department of Taxes report recommending more frequent reappraisals and regional sharing; members discussed possible six-year cycles and cost-sharing among nearby towns.
The Chair summarized a final 109-page report from the Vermont Department of Taxes on reappraisal and assessing; the report recommends potential structural changes including a six-year reappraisal cycle and options for towns to share appraisal services to reduce costs.
"It's a 109 pages," the Chair said, noting many recommendations are not yet approved but could require Stanford-area towns to participate in shared appraisal services; members discussed how a more frequent reappraisal schedule could affect taxpayers and school funding computations.
