TAXES

According to the Pew Institute, Vermont receives a higher percentage of revenue from property taxes than any other state in the nation, double the next closest state. 

VAR Position

We support efforts to develop fairer property tax policies and oppose targeted taxes that add to the burden of homeownership. The land gains tax requires that buyers purchasing a piece of land must complete construction within a 2-year period to avoid the land gains tax. Due to the lack of contractors and supply chain issues, VAR proposes to extend this period to 5 years.