ACT NO. 205
Use Value Appraisal Program
This act resulted from the work of a consultant hired by the leative council and the use value appraisal task force authorized by the legislature in Act No. 65 of 2007 in Sec. 293a.
The act requires:
(1) When an enrolled parcel is transferred to another owner, the new owner must elect to have the property remain in the program by indicating so on the property transfer tax return or the property will be removed from the program. The property transfer tax return shall be amended to provide this election;
(2) In addition to the recording fees previously required, a new application fee of $30.00 is required to go toward the improvement of the management of the program;
(3) Parcels of managed forest land in the program will have to be inspected by the department of forests, parks, and recreation at intervals not to exceed ten years instead of the five under previous law;
(4) The Commissioner of the department of forests, parks and recreation shall amend the minimum standards of forest management to enable the approval of management plans where more than 20 percent of the acres to be enrolled are Site 4, plus open not to be restocked, plus ecologically significant not to be managed for timber production. No plan will be approved that does not provide for at least 80 percent of the land classified as Site 1, 2, or 3 to be managed for timber production. The amended standards shall be in effect by April 15, 2009;
(5) Listers are not required to send notices of appraisal changes or hold grievance hearings for changes solely to reflect a new use value set by the current use advisory board;
(6) Municipalities owning land in other municipalities may enroll that land in the program, provided all the requirements of the program are met. If the total funding for the program is insufficient in any year to hold the host town harmless, the municipality owning the land shall make up the difference;
(7) The department of information and innovation, in collaboration with the division of property valuation and review, the agency of natural resources, and the agency of agriculture, food and markets, the Vermont Assessors and Listers Association, and the Vermont League of Cities and Towns, shall continue in the effort to bring electronic coordination to the use value appraisal program;
(8) The government entities charged with running the program shall consult with a group of stakeholders to develop an outreach and education program to address possible misperceptions about the program identified by the use value appraisal task force in its report, including a plan to address the areas of further investigation identified by the task force.
Effective Date: June 10, 2008 except for Sec. 8, allowing listers not to send notices of appraisal changes or hold grievance hearings for changes solely to reflect a new use value set by the current use advisory board, which shall apply to grand lists of Aril 1, 2009 and after.
The Vermont General Assembly
115 State Street