Vermont § 3760a - Valuation audits
Full text of Vermont Vermont Statutes Online § 3760a — Valuation audits, with citation guidance and answers to common questions.
§ 3760a. Valuation audits
- (a) Annually, the Director shall conduct an audit of three towns with enrolled land to
ensure that parcels with a use value appraisal are appraised by the local assessing
officials consistent with the appraisals for nonenrolled parcels. (b) In determining which towns to select for an audit, the Director shall consider factors
that demonstrate a deviation from consistent valuations, including the following: (1) the fair market value per acre of enrolled land in each town; (2) the fair market value of enrolled land versus unenrolled land in the same town; (3) the fair market value of enrolled farm buildings in each town; and (4) the fair market value of enrolled farm buildings in relation to the fair market value
of the associated land. (c) For each town selected for an audit, the Director shall: (1) conduct an independent appraisal of enrolled parcels and enrolled farm buildings in
that town; (2) compare the appraisals reached by the Director for each enrolled parcel with the appraisal
reached by the local assessing officials; and (3) review the land schedule and appraisal model applied by the town. (d) If, as a result of an audit, the Director determines that an appraisal reached by
the Director differs from the appraisal reached by the local assessing officials by
more than 10 percent, then the Director shall substitute his or her appraisal of fair
market value for the appraisal reached by the local assessing officials. A substitution
of a fair market appraisal under this subsection shall be treated as a substitution
by the Director under subsection 3760(b) of this title. (Added 2015, No. 57, § 56, eff. June 11, 2015.)
Frequently Asked Questions About Vermont § 3760a
What does Vermont Statutes Online § 3760a cover?
Section 3760a ("Valuation audits") 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 § 3760a?
A common citation format is "Vermont Statutes Online § 3760a" (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 § 3760a 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.