A bill that would give the Vermont Department of Taxes control of property appraisals passed the House on Wednesday.H.480 would require property reappraisals to take place at least every six years and would move the responsibility for those.
Two-thirds of Vermont towns are overdue for home reappraisals this year, meaning they may not be paying their fair share into the state Education Fund. A bill up for debate at the Statehouse this week would shift who conducts those appraisals.
Two-thirds of Vermont’s 254 municipalities can expect a reappraisal order this year, according to the state’s Department of Taxes. And with so many townwide reappraisals in order, the state faces another issue: a lack of resources to handle the.
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