32 V.S.A. § 3850 — Blighted property improvement program

(a) At an annual or special meeting, a municipality may vote to authorize the legislative
body of the municipality to exempt from municipal taxes for a period not to exceed
five years the value of improvements made to dwelling units certified as blighted.
As used in this section, “dwelling unit” means a building or the part of a building
that is used as a primary home, residence, or sleeping place by one or more persons
who maintain a household.
(b) If a municipality votes to approve the exemption described in subsection (a) of this
section, the legislative body of the municipality shall appoint an independent review
committee that is authorized to certify dwelling units in the municipality as blighted
and exempt the value of improvements made to these dwelling units.
(c) As used in this section, a dwelling unit may be certified as blighted when it exhibits
objectively determinable signs of deterioration sufficient to constitute a threat
to human health, safety, and public welfare.
(d) If a dwelling unit is certified as blighted under subsection (b) of this section,
the exemption shall take effect on the April 1 following the certification of the
dwelling unit. (