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.
Vermont 2020 Revenue Lost to Tax Abatement 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.