2024 Tax Rates
2023 Tax Rates
2022 Tax Rates
2021 Tax Rates
2020 Tax Rates
Taxes are due October 15, each year. (The tax rate is usually set by the Selectboard in August.) Tax bills are usually sent out in early September. The Tax Rate is determined by how much Weybridge voters decided to spend (at the Town Meeting the previous March) divided by the Grand List (the list of the values of all the properties in town).
Below is a sample of a Weybridge property tax bill. You will see that the municipal taxes, raised by the Town of Weybridge, account for slightly less than 25% of the tax bill.
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The Education Tax Rate is set by the state legislature and is provided to each town by the end of June.
The Vermont Education Fund and education finance systems are complex. Click here for an overview created by the Vermont Department of Taxes.
You can also access the Vermont Department of Taxes Education Tax Rate Calculations | Frequently Asked Questions.
If your property in Vermont is your primary residence, you can declare it as your homestead. To declare your property a homestead, you must file the Homestead Declaration, Form HS-122. Once the residence is declared as a homestead, it is taxed at the homestead education tax rate (rather than the non-homestead tax rate).
Resident households with income under a certain threshold (which changes each year) may be eligible for a property tax credit. The property tax credit claim compares education property taxes against the town’s household income percentage which is calculated from its per pupil spending. If education property taxes exceeded that percentage of income, the difference (with some limitations) will be applied as a credit to the ensuing property tax bill, reducing the total amount due. About two-thirds of all resident homeowners in Vermont receive an income-based property tax credit each year.
Households with income less than $47,000 are eligible for additional credits that compare their remaining education property taxes (with some limitations) after the first credit is applied against fixed statutory percentages of income, and the difference is added to their education tax credit. 32 V.S.A. §6066(a). Those households are also eligible for a municipal property tax credit which compares their municipal property taxes paid to fixed statutory percentages of income.
The maximum education property tax credit is $5,600 and the maximum municipal property tax credit is $2,400. Income-based municipal credits appear in the “Municipal Taxes” column of the bill as a “Municipal State Payment” and income-based education credits appear in the “Education Taxes” column of the bill as “Education State Payment.”