Vermont § 98a - A tax ceiling reduction after reappraisal
Full text of Vermont Vermont Statutes Online § 98a — A tax ceiling reduction after reappraisal, with citation guidance and answers to common questions.
§ 98a. A tax ceiling reduction after reappraisal
- (a) Whenever the City conducts a general reappraisal that results in an increase in the
valuation of the taxable grand list, the property tax rate limits as specified for
the City tax in section 99 of this charter, the school tax in section 102 of this
charter, the police tax in section 102a of this charter, and the street tax in section
102b of this charter shall each be automatically reduced in a proportion corresponding
to the increase in the valuation of the taxable grand list due to said reappraisal.
When calculating this proportional reduction the valuation of the grand list after
reappraisal shall be discounted to account for real growth in the taxable grand list
by dividing the reappraised valuation of the taxable grand list by the sum of 100
percent plus the annual rate of real growth in the taxable grand list for the year: Discounted Grand List = Reappraised Taxable Grand List Divided by 100% plus the annual percent real growth rate in the taxable grand list for the year. (b) The respective tax rate limits shall thereafter be permanently increased only when
authorized by the voters at an annual or special City meeting duly warned for such
purpose.
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 98a
What does Vermont Statutes Online § 98a cover?
Section 98a ("A tax ceiling reduction after reappraisal") 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 § 98a?
A common citation format is "Vermont Statutes Online § 98a" (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 § 98a 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.