§ 503. Fair market value of real estate
(a) In the event that the fair market value of real estate is materially changed because of total or partial destruction of or damage to the property, or because of alterations, additions, or other capital improvements, the taxpayer may appeal as provide by law.
(b) When the fair market value of real estate is finally determined by appeal to the Board of Listers or to the Board of Civil Authority, then the value so fixed shall be the fair market value of such real estate for the year in which the appeal is taken.
(c) When the fair market value of real estate is finally determined by the Director of Property Valuation and Review (PVR) or by a court having jurisdiction, then the value so fixed shall be the fair market value of such real estate for the year for which such appeal is taken and for the ensuing two years, unless the taxpayer’s property is altered materially, is damaged, or if the Town in which it is located has undergone a complete revaluation of all taxable real estate, in the event of which, such fair market value may be changed. (Amended 2019, No. M-8, § 1, eff. June 10, 2019.)
Structure Vermont Statutes
Title 24 Appendix - Municipal Charters
Chapter 103 - Town of Bennington
App § 101. General law applies
App § 102. Additional Town powers
App § 103. Initiative; advisory votes
App § 202. Appointive officers
App § 301. Select Board; the legislative body
App § 302. Additional powers of Select Board members to adopt ordinances
App § 303. Further powers of Select Board members
App § 304. Organization of Select Board
App § 401. Appointed by selectors
App § 402. Town Manager nonpartisan
App § 502. Discounts elimination
App § 503. Fair market value of real estate
App § 504. Special assessments
App § 505. Tax within Bennington Rural Fire District No. 1
App § 506. Creation of Bennington Downtown District
App § 508. Purposes and powers
App § 602. Ordinances of villages not merging
App § 603. Administration of ordinance of villages that merge
App § 604. Comprehensive Town ordinance
App § 802. Merger of municipalities within Town
App § 803. Method of adoption; time; voting
App § 804. Notice to Secretary of State