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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 In2019
Program nameAgricultural and Managed Forest Land Use Program
Program purpose: Conservation of farmland, forest, open space, or water
Statutory authority: 32 V.S.A. 3756
Abating jurisdiction(s): State of Vermont
Applicable taxesEducation Property Tax
Method of abatement: Reduction of assessed value
Provisions for recapture: Once enrolled in the program land is subject to a lien, if this land is ever developed or removed from the program, the owner at the time of development must pay a land use change tax of 10% tax on the full fair market value of the changed land determined without regard to the use value appraisal
Gross revenue loss: $45,385,579
Reimbursement / offset: $0
Net revenue loss: $45,385,579
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://auditor.vermont.gov/reports/audit/financial