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: | 2022 |
Program name: | Agricultural and Managed Forest Land Use Program |
Program purpose: | Agricultural development |
Statutory authority: | 32 Vermont Statutes Annotated 3756 |
Abating jurisdiction(s): | State of Vermont |
Applicable taxes: | Education Property Tax |
Method of abatement: | Reduction in 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 |
Gross revenue loss: | $49,377,071 |
Reimbursement / offset: | $0 |
Net revenue loss: | $49,377,071 |
Type of loss: | Active |
Additional notes on dislosure: | (none) |
Document source: | https://auditor.vermont.gov/sites/auditor/files/documents/VERMONT_2022_A... |