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Projected Tax Impact of Status Quo
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Home ValueBudget Year:2014201720182021 202320262030
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Divide total below by 5 for average
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5 town tax rates total
7.83298.17678.0792NESDECNESDEC + WEIGHTING=Threshold 23= Threshold 26NESDECNESDEC + WEIGHTINGNESDECNESDEC + WEIGHTING
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100,000Tax Rate (no CLA)1.566581.635341.615841.6620.060909752451.97112.0692.39082.51673.0393.2086
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School Tax1,5671,6621,9712,0692,3912,5173,0393,209
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Threshold Penalty2203185056319701,127
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School Tax w/Penalty
2,1912,3872,8963,1484,0094,336
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% Increase from 2021
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200,000Tax Rate (no CLA)1.566581.615841.6621.97112.0691.75111.83982.39082.51673.0393.2086
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School Tax3,1333,3243,9424,138350236804,7825,0336,0786,417
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Threshold Penalty440636001,0101,2621,9402,254
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School Tax w/Penalty
4,3824,774350236805,7926,2958,0188,671
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% increase from 2021
31.84%43.62%5.35%10.71%74.24%89.39%141.22%160.87%
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300,000Tax Rate (no CLA)1.566581.615841.6621.97112.0692.39082.51673.0393.2086
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School Tax4,7004,9865,9136,2077,1727,5509,1179,626
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Threshold Penalty6609541,5151,8932,9103,381
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School Tax w/Penalty
6,5737,1618,6879,44312,02713,007
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V1 8.30.20
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EDUCATION TAX BASED ON INCOME2018 Addison County Income
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$48,820$65,093$81,366
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(75% of Median)
(2018 Median)
(125% of Median)
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0.028Ed Tax FY211,3671,8232,278
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0.0347Ed Tax FY231,6942,2592,823
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0.046Ed Tax FY262,2462,9943,743
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$ Increase8791,1721,465
For St of VT Calculator:
2020 Property Tax Credit Calculator | Department of Taxes (vermont.gov)
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% Increase64.29%64.29%64.29%
State of Vermont Property Tax:
FS-1038.pdf (vermont.gov)
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V2 11.25.20INCLUDES NESDEC 2, Weighting Study, Lower threshold
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EDUCATION TAX BASED ON INCOME2018 Addison County Income
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48,82065,09381,366
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(75% of Median)
(2018 Median)
(125% of Median)
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0.028Ed Tax FY211,3671,8232,278
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0.0388Ed Tax FY231,8942,5263,157
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0.0513Ed Tax FY262,5043,3394,174
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 $ Increase1,1381,5171,896
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% Increase83.21%83.21%83.21%
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V3 11.30.20INCLUDES NESDEC 2, Lower threshold
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EDUCATION TAX BASED ON INCOME2018 Addison County Income
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$48,820$65,093$81,366
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(75% of Median)
(2018 Median)
(125% of Median)
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0.028Ed Tax FY211,3671,8232,278
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0.0354Ed Tax FY231,7282,3042,880
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0.0476Ed Tax FY262,3243,0983,873
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$ Increase9571,2761,595
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% Increase70.00%70.00%70.00%
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V4 11.30.20V2 Expenditures reduced to = threshold
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EDUCATION TAX BASED ON INCOME2018 Addison County Income
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$48,820$65,093$81,366
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(75% of Median)
(2018 Median)
(125% of Median)
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0.028Ed Tax FY211,3671,8232,278
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0.0288Ed Tax FY231,4061,8752,343
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0.0302Ed Tax FY261,4741,9662,457
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$ Increase107143179
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% Increase7.86%7.86%7.86%
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The Vermont Property Tax Credit assists many Vermont homeowners with paying their property taxes.
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You may be eligible for a property tax credit on your property taxes if your property qualifies as a homestead and you meet the eligibility requirements.
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This depends on Household Income:
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If below $99,000 it is based on a Flat Rate • 2.8% in FY21
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If over threshold this increases
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If between $99,000 & $138,250 it is based on House Value with some degree of Property Tax Credit
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If above $138,250 it is solely based on House Value
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