Form 427-2012 - Report Of Village/fire District Clerk Tax Year 2012 printable pdf download

Form 427-2012 - Report Of Village/fire District Clerk Tax Year 2012

State of Vermont

Agency of Administration

Department of Taxes

133 State Street

Montpelier, VT 05633-1401

FORM ALSO AVAILABLE ON TAX DEPARTMENT WEBSITE

Towns and cities are required to report the property tax rates and amount of taxes levied annually. You can do so by

completing the Form 427-2012, attaching a sample tax bill, and returning the form to PVR by August 15 or as soon as

possible after August 15 if tax rates have not been set at that time.

Education tax rates are set annually by the Commissioner of Taxes. Therefore this form requests information only on

locally set tax rates.

Municipal Tax Rate: The rate set by your selectboard or city council in accord with 17 V.S.A. §2664.

Municipal Taxes. The total municipal taxes levied figure is the municipal rate multiplied by the municipal grand list. Use

the total municipal grand list of record on the date of filing of the 427. If the grand list changes, PVR will make an

adjustment using the electronic grand list file.

Local Agreement Rate. Those towns and cities that have non-approved local agreements must set a local agreement

rate to raise the foregone revenue. 32 V.S.A. §5404a(d). This is education money that is raised on the municipal grand

list.

School Construction Rate. This does not apply to most towns. Only a few towns may levy a rate for school construction.

2001, No. 144 (Adj. Sess.) Section 43.

Villages, Fire Districts, Other Taxing Districts. It is important that all property taxes levied by villages and special districts

are reported. These amounts are used in the determination of payments in lieu of taxes (PILOT) and hold harmless

payments. Property tax rebates also include these rates. Please make every effort to report these values to ensure

your communities are not shortchanged. See 32 V.S.A. §3461 for requirement of village clerks to report to town clerks.

Copy of Tax Bill. We need sample tax bills for a couple of reasons. It allows us to double enter the rates as an auditing

tool to find data entry errors. The copies are also used by Taxpayer Services to assist with processing property tax

adjustment credits. Having samples of all the possible rates (again those villages and special districts are important)

ensures your taxpayers receive full payments.

Tax Book. Please include a copy of your tax book summary page, also.

Form 427-2012 - Report Of Village/fire District Clerk Tax Year 2012