« Return to search form

Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionVermont
Jurisdiction type: State
Fiscal year ending In2021
Program nameAgricultural and Managed Forest Land Use Program
Program purpose: Agricultural development
Statutory authority: 32 Vermont Statutes Annotated 3756
Abating jurisdiction(s): State of Vermont
Applicable taxesEducation Property Tax
Method of abatement: Reduction in assessed value
Provisions for recapture: The owner must pay a land use change tax of 105 tax on the full fair market value of the changed land determined without regard Tourism development the use value appraisal.
Gross revenue loss: $49,202,027
Reimbursement / offset: $0
Net revenue loss: $49,202,027
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://auditor.vermont.gov/reports/audit/financial