Does Vermont have a Property Tax Reduction for Veterans?
Yes for some disabled veterans and families. The following are eligible for the exemption: • Veterans receiving Disability Compensation at a rating of 50% or higher • Veterans receiving Non-Service Connected Pension (also called Improved Pension) • Veterans collecting military retirement pay for a medical military retirement • Surviving spouses of veterans who had received the exemption (surviving spouses may also be eligible for Dependency and Indemnity Compensation or Death Pension) The exemption level varies from town to town. State law mandates a minimum $10,000 exemption, although towns are given the option of increasing the exemption to $40,000. The exemption reduces the appraised value of the home prior to the assessment of taxes. For example: An eligible veteran lives in a home valued at $200,000. The veteran’s town provides a $20,000 exemption. The veteran’s home will be taxed at $180,000. Veterans who would like to have their town increase their exemption must go through thei
