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You are a Vermont resident. You own and occupy a homestead as your domicile as of April 1, 2023. Note: If you meet these requirements, except that your homestead is leased to a tenant on April 1, 2023, you may still claim it as a homestead if it is not leased for more than 182 days in the 2023 calendar year.
What is the income limit for the property tax credit in Vermont?
How to File Tax YearMaximum Household Income 2024 $115,000 2023 $128,000 2022 $134,800 2021 $136,9005 more rows
What is the difference between a homestead and a non homestead in Vermont?
For this purpose, the property is categorized as either nonhomestead or homestead. A homestead is the principal dwelling and parcel of land surrounding the dwelling, owned and occupied by the resident as the persons domicile. All property is considered nonhomestead, unless it is declared as a homestead.
Does Vermont have a property tax discount for seniors?
Vermont Property Tax Breaks for Retirees Vermont offers a property tax credit of up to $8,000 to eligible homeowners. Homeowners must meet all of the following requirements to qualify for the credit in 2025.
HOMEOWNERS Form HS-122, Homestead Declaration AND Property Tax Credit Claim, must be filed each year . Homeowners with Household Income up to $138,500 on Line z
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