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.
| State: | Vermont |
| Effected Jurisdiction: | Vermont |
Jurisdiction type: | State |
| Fiscal year ending In: | 2018 |
| Program name: | Agricultural and Managed Forest Land Use Program |
| Program purpose: | Agricultural development |
| Statutory authority: | 32 V.S.A. 3756 |
| Abating jurisdiction(s): | State of Vermont |
| Applicable taxes: | Education 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: | $45,360,286 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $45,360,286 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://auditor.vermont.gov/reports/audit/financial |
