|BILL AS INTRODUCED||2007-2008|
Introduced by Senator Starr of Essex-Orleans District, Senator Giard of Addison District and Senator Kittell of Franklin District
Subject: Taxation; property tax; use value program; use value for recreational land
Statement of purpose: This bill proposes to allow lower use value for enrolled land which is open for free public recreational use.
AN ACT RELATING TO USE VALUE FOR RECREATIONAL USES
It is hereby enacted by the General Assembly of the State of Vermont:
Sec. 1. 32 V.S.A. § 3752(12) is amended to read:
(12) “Use value appraisal” means, with respect to land, the price per acre which the land would command if it were required to remain henceforth in agriculture or forest use, as determined in accordance with the terms and provisions of this subchapter. With respect to farm buildings, “use value appraisal” means zero percent of fair market value. The director shall annually provide the assessing officials with a list of farm sales, including the town in which the farm is located, the acreage, sales price, and date of sale. The use value appraisal of enrolled agricultural land or managed forest land shall be reduced by 20 percent if the land was open in the entire prior calendar year for free public recreational use for skiing, snowshoeing, snowmobiling, fishing, hunting, hiking, and nature observation, except where such activities would be detrimental to specific agricultural or managed forest activity.
The Vermont General Assembly
115 State Street