Vermont Property Tax Credit 2026: Up to $8,000, Based on Income

Updated August 2026

Vermont does not have a flat-dollar homestead exemption available to every homeowner. Its actual relief mechanism is the income-based Property Tax Credit, which caps at $8,000 and is not available above a household income limit.

If you're a Vermont homestead owner with 2025 household income at or below $115,400, you can claim a credit against your property tax bill, split between the education and municipal portions, based on your income and your housesite value (your home plus up to two acres). There is no age requirement.

Vermont's Property Tax Relief Program

Property Tax Credit

What it does: Up to $8,000 total: up to $5,600 against the education property tax portion and up to $2,400 against the municipal portion, based on a formula using household income and housesite value. Most claimants receive far less than the $8,000 maximum.

Who qualifies: Vermont resident who owns and occupies a homestead, files a Homestead Declaration, with 2025 household income at or below $115,400. No age restriction.

Deadline and form: April 15 (claims generally not accepted after October 15) (Form HS-122 plus Household Income Schedule HI-144). Citation: 32 V.S.A. Chapter 154; Form HS-122.

An exemption or credit lowers your bill only after the assessed value is set. If that value is too high to begin with, you are overpaying on everything above it regardless of which relief programs you claim. Nobody checks the underlying value unless you do.

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How to Apply

Contact your county assessor's (or, where noted above, your state revenue department's) office for the current application form
Gather proof of ownership, occupancy, and, for income-tested programs, your prior-year income documentation
File before the deadline listed above, most jurisdictions do not accept late applications for that tax year
Confirm the relief shows up on your next assessment notice or tax bill

The Bottom Line

Unlike Texas or Florida, Vermont's relief is income-tested and capped, not a simple flat exemption every homeowner gets. If your household income is above the limit, you don't qualify for this credit at all, your best lever for a lower bill is making sure your assessed value is accurate.

Note: Program names, dollar figures, and income limits above are current as of August 2026 and are set or adjusted by the state legislature or department of revenue, not by AppealDesk. Some figures adjust annually, confirm the current-year number with your county or state before applying. AppealDesk helps homeowners identify available relief programs and appeal overassessments.

Most homeowners stack these programs on top of whatever value the assessor assigned and never question the value itself. It came from a mass-appraisal model, not an individual review of your home. It is worth checking once.

Check the value under your exemption

Enter your address to pull your county record free. If it looks too high, your $49 packet gives you everything to challenge it.