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Taxes
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 $945.22. This is also
a direct reduction of property taxes. The total payment represents
the equivalent of an overall 12.5 cent reduction distributed on an
income based formula.
State programs to mitigate property tax impacts on an income basis
returned over 1.5 million dollars - the equivalent of 29.5 cents on
the tax rate (over 10%) - back into Montpelier in 2003. |
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2006-07 GRAND LIST |
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Real Estate |
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$ 504,668,800 |
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Personal Property |
$ 23,087,747 |
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TOTAL |
$ 527,756,547 |
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Voter Approved |
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$ 6,445,913 |
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Municipal Spending |
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TAX RATES |
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Residential |
2.9778 |
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Non-Residential |
3.0758 |
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| TAX RATES |
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| Residential |
RATE |
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Non-Residential |
RATE |
| Municipal |
$1.2300 |
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Municipal |
$1.2300 |
| School |
1.6378 |
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School |
1.7358 |
| CSO/Sewer Benefit |
$0.1100 |
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$0.1100 |
TOTAL |
$2.9778 |
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$3.0758 |
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Total
Tax Dollars
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Item
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2003/04
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2004/05
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| Municipal
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$
5,746,768
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$
5,869,911
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| School
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$
8,302,414
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$
7,219,971
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| Sewer/CSO
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$
593,153
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$
591,352
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| TOTAL
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$
14,642,335
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$
13,681,234
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Updated
August 4, 2006 |
