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Please note that data are cataloged by fiscal years -- you can switch to different years using the links below. For more info see our user guide.

2020 | 2019 | 2018 | 2017

Vermont 2020 Revenue Lost to Tax Abatement Programs


Total Revenue Lost: 
$55,908,589
Download results as CSV or XML

State-level programs

Click on the name of a program for more details.

Program Name Program Type Revenue Loss
Agricultural and Managed Forest Land Use Program Agricultural development; Conservation of farmland, forest, or open space $47,594,167
Vermont Affordable Housing Tax Credit Affordable housing $3,823,445
Vermont Downtown and Village Center Tax Credit Program Historic preservation $2,598,903
Vermont Employment Growth Incentive Business attraction/retention $1,892,074
TABULATED STATE-LEVEL TOTAL $55,908,589

Tabulated localities and districts

Click on the name of jurisdiction for a list of tax abatement programs that reduced its tax revenue.

We estimated the reporting rate among local governments for each state using 2018 and 2019 data. This is to gauge how much data is available in that state.

For Vermont, the estimated reporting rate is as follows:

Cities/counties: 9 out of 33 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.

School districts: 0 out of 0 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.

Concerned about the lack of disclosure? Check out the roadmap on GASB 77 compliance we created for VT. You can also get a CSV file of the localities in VT that did not make any tax abatement disclosures in their annual financial reports.

Why is there little or no reporting from school districts?: Vermont is a New England state: There are no local school districts not managed by a regional agency.

The state does not post local financial audits in an online repository.

Reporting Jurisdiction Jurisdiction Type Gross Revenue Loss
 
TABULATED LOCALITY AND DISTRICT TOTAL