Vermont § 717 - Tax classification
Full text of Vermont Vermont Statutes Online § 717 — Tax classification, with citation guidance and answers to common questions.
§ 717. Tax classification
- (a) Except for the property of utilities subject to regulation by the Vermont Public Utility
Commission, all personal and real property set out in the grand list that is not used
as residential property, farmland, and public recreation, conservation, or open space
lands shall be classified as nonresidential property and shall be taxed by applying
the tax rate on 120 percent of the assessed value of the property, and further provided
that inventories shall no longer be set out in the grand list of the City as taxable
personal estate. Properties upon which in-lieu-of-tax payments are made shall be likewise
classified and assessed for the purposes of such payments. (b) As used in this section, “residential property” is hereby defined to include all property
used for dwelling purposes, including accessory property that is subordinate to or
customarily incidental to the main residential use, such as garages and outbuildings.
Where a property is used for both residential and nonresidential purposes, it shall
be apportioned according to such uses and then classified and assessed as herein provided. (Added 2013, No. M-9, § 3, eff. June 4, 2013; amended 2021, No. M-6, § 2, eff. June 24, 2021.)
Frequently Asked Questions About Vermont § 717
What does Vermont Statutes Online § 717 cover?
Section 717 ("Tax classification") 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 § 717?
A common citation format is "Vermont Statutes Online § 717" (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 § 717 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.