Vermont House Passes School Tax Increases
Vermont House members are expressing relief that they've been able to reduce increases in statewide school property taxes from what had been projected earlier.
Earlier this winter, the state share of residential property taxes had been projected to go from 94 cents per $100 of value to $1.01. A House bill passed Friday goes to 98 cents, instead. Local school district voters usually add to that, bringing the total residential school property tax to an average rate of about $1.49 per $100 of value.
The bill passed Friday set the statewide nonresidential tax rate at $1.51 and a half cent per $100 of property value. That tax isn't adjusted by local voters.
The bill now goes to the Senate, where the rates could be adjusted again.
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