§ 3847. Neighborhood housing improvement programs
At an annual or special meeting, a municipality may vote to exempt, for a period not exceeding five years, the property tax on the value of improvements made to principal dwelling units with funds provided in whole or in part by a nonprofit, neighborhood, or municipal housing improvement program that limits eligibility to residents with incomes below the median income of the State. Such programs include neighborhood housing services, Community Loan Funds, community land trusts, neighborhood planning associations, and municipal housing improvement programs. (Added 1989, No. 23.)
Structure Vermont Statutes
Title 32 - Taxation and Finance
§ 3802a. Requirement to provide insurance information
§ 3803. Exemptions from local taxation
§ 3831. College, university, or fraternity property
§ 3832. Public, pious, and charitable uses
§ 3834. Factories; quarries; mines
§ 3839. Municipally owned lakeshore property
§ 3840. Charitable and fraternal organizations
§ 3843. Housing projects for low- and moderate-income occupants
§ 3845. Renewable energy sources
§ 3846. Farmland appraisal contracts
§ 3847. Neighborhood housing improvement programs
§ 3848. Inventory tax; local option