Vermont § 236 - Taxes
Full text of Vermont Vermont Statutes Online § 236 — Taxes, with citation guidance and answers to common questions.
§ 236. Taxes
- (a) While a part of a building or industrial park owned by a local development corporation
and subject to a mortgage to the Authority or the State of Vermont under this subchapter
remains unoccupied, that portion that remains unoccupied shall be exempt from all
taxes and special assessments of the State or a municipality. Instead of taxes, payments
shall be made by the local development corporation to the municipality in which the
speculative building or industrial park is located for highway maintenance, fire protection,
or for other services. (b) Any property to which the Authority holds title by reason of foreclosure upon a mortgage
or other security given by a local development corporation in connection with a loan
made under this subchapter, or voluntary conveyance in lieu thereof, shall, as long
as it is not leased or rented, be exempt from all taxes and special assessments of
the State and all local municipal property taxes for the remaining balance of the
tax year in which title becomes vested in the Authority and the entire next succeeding
year, provided however, that thereafter the Authority shall pay 50 percent of the
local municipal property taxes annually assessed against such property during the
term of the Authority’s ownership. (Added 1973, No. 197 (Adj. Sess.), § 1; amended 1977, No. 52, § 9, eff. April 22, 1977; 1981, No. 54, § 14, eff. April 28, 1981.)
Frequently Asked Questions About Vermont § 236
What does Vermont Statutes Online § 236 cover?
Section 236 ("Taxes") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 236?
A common citation format is "Vermont Statutes Online § 236" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 236 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.