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H.598

Introduced by   Representative Adams of Hartland

Referred to Committee on

Date:

Subject:  Taxation; property tax; notice to towns

Statement of purpose:  This bill proposes to improve the process for notice to towns and appeal by town of common level of appraisal and coefficient of dispersion.

AN ACT RELATING TO COEFFICIENT OF DISPERSION AND COMMON LEVEL OF APPRAISAL NOTICE AND APPEAL

It is hereby enacted by the General Assembly of the State of Vermont:

Sec. 1.  32 V.S.A. § 5406(a) is amended to read:

(a)  Not later than January 1 of each year, the director of the division of property valuation and review shall notify the town clerk and, chair of the board of listers, town treasurer, and chair of the selectboard of each municipality of the equalized education property value and the coefficient of dispersion of that town for the prior year, and of the manner by which the equalized education property value and coefficient of dispersion were determined by the director.

Sec. 2.  32 V.S.A. § 5408(a) is amended to read:

(a)  Not later than 30 45 days after the receipt by its clerk of a notice under section 5406 of this title, a municipality may petition the director of the division of property valuation and review for a redetermination of the municipality’s equalized education property value and coefficient of dispersion.  Such petition shall be in writing and shall be signed by the chair of the legislative body of the municipality or its designee.



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us