32 V.S.A. § 5404 — Determination of education property tax grand list

(a) Municipalities shall determine the education property tax grand list by calculating
one percent of the listed value of nonhomestead and homestead real property as provided
in this section. The listed value of all nonhomestead and homestead real property
in a municipality shall be its fair market value, its value established under a stabilization
agreement described in section 5404a of this title, or the use value of property enrolled in a Use Value Program under chapter 124 of
this title. If a homestead is located on a parcel of greater than two acres, the entire
parcel shall be appraised at fair market value; the housesite shall then be appraised
as if it were situated on a separate parcel, and the value of the housesite shall
be subtracted from the value of the total parcel to determine the value of the remainder
of the parcel.
(b) Annually, on or before August 15, the clerk of a municipality, or the supervisor of
an unorganized town or gore, shall transmit to the Director in an electronic or other
format as prescribed by the Director education and municipal grand list data, including
exemption information and grand list abstracts; tax rates; an extract of the assessor
database also referred to as a Computer Assisted Mass Appraisal (CAMA) system or Computer
Assisted Mass Appraisal database; and the total amount of taxes assessed in the town
or unorganized town or gore. The data transmitted shall identify each parcel by a
parcel identification number assigned under a numbering system prescribed by the Director.
Municipalities may continue to use existing numbering systems in addition to, but
not in substitution for, the parcel identification system prescribed by the Director.
If changes or additions to the grand list are made by the listers or other officials
authorized to do so after such abstract has been so transmitted, such clerks shall
forthwith certify the same to the Director.
(c) If a town clerk or the legislative body fails without good cause, as determined by
the Commissioner, to transmit the grand list data or the tax data in a timely manner
and in the format required by the Director, the Commissioner shall notify the Secretary
of Transportation and the Secretary of Education, who shall withhold all general and
other aid payments owing to the municipality until the grand list information is filed
as required by the Director under subsection (b) of this section. Federal funds are
exempt from withholding if either Secretary has an opinion of counsel that withholding
would be a violation of federal law.
(d) Municipalities shall include, on all property tax bills, the parcel identification
number prescribed in subsection (b) of this section. (