32 V.S.A. § 5406 — Notice of fair market value and coefficient of dispersion

(a) Not later than January 1 of each year, the Director of Property Valuation and Review
shall notify the town clerk and chair of the board of listers of each municipality
of the equalized education property value and the coefficient of dispersion of that
town for the prior year and of the manner by which the equalized education property
value and coefficient of dispersion were determined by the Director.
(b) Not later than April 1 of each year, the Director shall certify to the Secretary of
Education the equalized education property value and coefficient of dispersion for
the prior year of every municipality of the State.
(c) If the Director of Property Valuation and Review certifies that a municipality has
completed a townwide reappraisal, the common level of appraisal for that municipality
shall be equal to its new grand list value divided by its most recent equalized grand
list value, for purposes of determining education property tax rates. (