32 V.S.A. § 3836 — Homes and dwellings

Annually at town meeting, a town may vote to exempt from taxes the first $75,000.00
or a smaller amount of the appraised value of buildings used and occupied exclusively
as homes, dwelling houses, or farm buildings whether for sale or rent, provided such
buildings have been constructed or put in the process of construction during the 12
months immediately preceding the meeting or are to be constructed or put in the process
of construction during the 12 months immediately following the meeting. The duration
of such exemption shall not exceed three years, to be determined by the vote. The
exemption shall first be applicable against the grand list of the year in which the
vote is taken. (Amended 1961, No. 255, eff. July 31, 1961; 2003, No. 76 (Adj. Sess.), § 31.)