Title 32: Taxation and Finance
Chapter 129: GRAND TAX LISTS
32 V.S.A. § 4041a. Reappraisal
§ 4041a. Reappraisal
(a) A municipality shall be paid $8.50 per grand list parcel per year, from the equalization and reappraisal account within the education fund to be used only for reappraisal and costs related to reappraisal of its grand list properties and for maintenance of the grand list. Additionally, a municipality shall be paid $3.65 per grand list parcel for the first 100 parcels $0.20 for each of the next 100 parcels, and $0.01 for each parcel in excess of 200 from the equalization and reappraisal account within the education fund, to be used only for costs to acquire assessment education provided under section 3436 of this title.
(b) If the director of the division of property valuation and review determines that a municipality's education grand list is at a common level of appraisal below 80 percent or has a coefficient of dispersion greater than 20, the municipality shall reappraise its education grand list properties. If the director orders a reappraisal, the director shall send the municipality written notice of the decision. The municipality shall be given 30 days to contest the finding under procedural rules adopted by the director, to develop a compliance plan, or both. If the director accepts a proposed compliance plan submitted by the municipality, the director shall not order commencement of the reappraisal until the municipality has had one year to carry out that plan.
(c) If a municipality fails to submit an acceptable plan or fails to carry out the plan, pursuant to subsection (b) of this section, the state shall withhold the education, transportation and other funds from the municipality until the director certifies that the town has carried out that plan.
(d) The director shall adopt rules necessary for administration of this section. (Added 1997, No. 60, § 46, eff. Jan. 1, 1998; amended 2005, No. 38, § 8; No. 215 (Adj. Sess.), § 284.)