The Vermont Property Tax Credit assists many Vermont homeowners with paying their property taxes. You may be eligible for a property tax credit on your property taxes if your property qualifies as a homestead and you meet the eligibility requirements. The maximum property tax credit is $8,000.00
Eligibility
To file a property tax credit, you must meet ALL of the following eligibility requirements:
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Your property qualifies as a homestead, and you have filed a Homestead Declaration for the current year's grand list.
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You were domiciled in Vermont for the full prior calendar year.
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You were not claimed as a dependent of another taxpayer.
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You have the property as your homestead as of April 1.
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You meet the household income criteria (see form for current year income limit).
How to File
You need to file the following two forms to apply for a property tax credit. You can submit your claim electronically when you file your Vermont Income Tax return.
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Form HS-122, Homestead Declaration and Property Tax Credit Claim
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Section A: Homestead Declaration
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Section B: Property Tax Credit Claim
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Schedule HI-144, Household Income. Learn how to determine your household income.
Tax Year | Maximum Household Income |
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2023 | $128,000 |
2022 | $134,800 |
2021 | $136,900 |
2020 | $138,500 |
2019 | $138,250 |
2018 | $136,500 |
2017 | $147,500 |
2016 | $141,000 |
Amending a Claim
If you submit a Property Tax Credit Claim with your Homestead Declaration, you are allowed to amend or change household income only as reported on Schedule HI-144, Household Income within three years of the April filing deadline. Beginning July 1, 2021, you may make the following amendments to Form HS-122, Homestead Declaration and Property Tax Credit Claim within three years of the April filing deadline:
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housesite value,
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housesite education tax,
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housesite municipal tax, and
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ownership percentage
Use Schedule HI-144, Household Income, for the applicable year to amend household income. Enter the correct household income and mark AMENDED on the HI-144. Send the amended HI-144 separately from any other returns being filed with the Department.
Mail your return to:
Vermont Department of Taxes
P.O. Box 1645
Montpelier, VT 05601-1645