§ 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.)
Structure Vermont Statutes
Title 24 Appendix - Municipal Charters
App § 101. Corporate existence retained; form of government
App § 104. Intergovernmental relations
App § 105. Power over water resources
App § 204. Reconsideration and rescission
App § 205. Nominations in general
App § 206. Nomination of incumbent
App § 301. Composition; eligibility; election and terms
App § 302. Compensation; expenses
App § 303. Mayor and Deputy Mayor; election, terms, and duties
App § 304. General powers and duties
App § 305. Prohibitions; conflict of interest
App § 306. Vacancies; forfeiture of office; filling of vacancies
App § 307. Judge of qualification
App § 308. Clerk of the City Council
App § 401. Action requiring an ordinance
App § 402. Ordinances in general
App § 403. Emergency ordinances
App § 404. Codes of technical regulations
App § 405. Authentication and recording; codification; printing
App § 406. Ordinance; enforcement
App § 407. Court authorized to order abatement
App § 408. Offenders may be liable in damages
App § 409. City Council to establish penalty
App § 410. General authority for initiative and referendum
App § 411. Commencement of proceedings; affidavit
App § 413. Procedure after filing
App § 414. Referendum petitions; suspension of effect of ordinance
App § 415. Action on petitions
App § 416. Results of election
App § 501. Appointment; qualifications; compensation of City Manager
App § 502. Acting City Manager
App § 503. Removal of City Manager
App § 504. Powers and duties of the City Manager
App § 505. City Manager; vacancy in office of
App § 506. City officers; appointment of
App § 602. Resident engagement
App § 702. Submission of budget and budget message
App § 705. Capital improvement plan
App § 706. Council and annual meeting action on budget
App § 708. Amendments after adoption
App § 709. Lapse of appropriations
App § 710. Administration of budget
App § 712. Warrants for payment
App § 713. Tax levy; authority for
App § 714. Credit of the City for current expenses
App § 715. Expenditures not to exceed revenues
App § 716. Authority to pledge credit of City
App § 718. Tax increment financing
App § 901. Personal financial interest
App § 906. Continuation in office
App § 907. Amendment of the charter
App § 908. Penalties; forfeitures or suits not affected
App § 909. Continuation of acts not amended