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Montpelier Property Tax Facts

In 2003, 1,254 residents submitted prebate applications to take advantage of the income sensitivity provisions of the education property tax. A total of $865,447 in school tax adjustments was paid to Montpelier residents, an average adjustment of $690.15. This is a straight reduction of property taxes. The total payment is the equivalent of an overall 17 cent reduction distributed on an income based formula. This program is for households with incomes of up to $88,000.

Also in 2003, 673 Montpelier residents submitted applications for homeowner rebates. This program caps total property tax payments for people earning under $47,000 annually. At total of $636,132 was paid to Montpelier residents, an average rebate of $945.22. This is also a direct reduction of property taxes. The total payment represents the equivalent of an overall 12.5 cent reduction distributed on an income based formula.

State programs to mitigate property tax impacts on an income basis returned over 1.5 million dollars - the equivalent of 29.5 cents on the tax rate (over 10%) - back into Montpelier in 2003.

  2007-08 GRAND LIST    
  Real Estate   $    510,343,850  
  Personal Property $      21,262,185  
    TOTAL $    531,606,035  
         
  Voter Approved   $       7,175,550  
  Municipal Spending    
       
         
  TAX RATES      
  Residential   $           3.4400  
  Non-Residential   $           3.6090  


TAX RATES        
Residential     Non-Residential  
  RATE     RATE
City, Cemetery, Agencies $1.2197   City, Cemetery, Agencies $1.2197
Recreation & Senior Center $0.1330   Recreation & Senior Center $0.1330

Subtotal Municipal Rate

$1.3527  

Subtotal Municipal Rate

$1.3527
         
Sewer Benefit Charge $0.0200   Sewer Benefit Charge $0.0200
Sewer Seperation Charge $0.0100   Sewer Seperation Charge $0.0100
         
School $1.9673   School $2.1363
         
TOTAL
$3.4400  
TOTAL
$3.6090
Note: Allows $15,000 for Abatements and Errors & Omissions
 

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July 24, 2014

1 Taylor Street Community Participation Event Rescheduled to 9/3/14 in Order to Best Integrate Site Needs

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July 18, 2014

Downtown Construction (7/21 to 7/25)

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July 10, 2014

Langdon & Main Street Construction (7/10 and 7/11)

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Jul 24, 2014 8:00 am

Bicycle Advisory Committee

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Jul 28, 2014 5:00 pm

Planning Commission Meeting

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Jul 29, 2014 5:30 pm

Design Review Committee meeting

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Notices View All

Full-Time Firefighter / EMT 7/23/2014

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Washington County Heat Conversion RFP

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Community Fund Board Vacancies

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