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Old 09-23-2007, 07:24 PM
 
10 posts, read 29,518 times
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We are relocating to SW VT in Nov. and I have been getting MLS fact sheets from a realtor . The taxes are listed as unadjusted. What is the adjustment?
So far I can not find the 12% cost of living difference between VT and NJ.(as quoted on salary.com and other websites) Can Some one help me find it?
We are thinking of settling in Manchester area , maybe Arlington or Dorset. Can anyone give some feedback on these towns pros and cons? Thanks
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Old 09-24-2007, 05:50 AM
 
Location: on a dirt road in Waitsfield,Vermont
2,186 posts, read 5,983,617 times
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I would contact your realtor, property taxes are complicated as you have the state part and the local town part. The property taxes are diferent depending on the town. BTW Manchester and Dorset are some of the most expensive towns to live in Vermont.
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Old 09-26-2007, 09:16 AM
 
Location: 89121
413 posts, read 1,425,963 times
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The adjusted/unadjusted taxes could very well have to do with the pre/rebate that the curent owner got from the state. Bear in mind that as a new resident, you will pay the non-resident rate for the next tax year until you qualify for the homestead rate. When comparing taxes on properties, make sure that you are comparing homestead rates and non-homestead rates. Also make sure that the tax bill does not have pre/rebates applied to it.

Best

Peter
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Old 09-29-2007, 01:07 AM
 
Location: Winter Springs, FL
1,789 posts, read 4,058,732 times
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The way it used to work was you had to qualify for the property tax rebate. To be eligible you need to be a Vermont resident for the calender year, not claimed as a dependent by another tax payer, own and occupy the homestead as of December 31st of the prior year as your principal residence and have a household income of 47,000 or less. The rebate is the difference between the property tax assessed by the town and the maximum property tax you should pay based on a percentage of your income.

This past year they came up with act 185. Here is some info. Vermont Real Estate Update - Vermont Real Estate - Coldwell Banker Hickok and Boardman Realty

I hope this is what you were looking for.
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Old 09-30-2007, 07:53 AM
 
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Default Thanks

Thanks 68 . I'm starting to get the picture. Our plan is to rent for a year and the look to buy , hoping the housing market settles by then. I will be working at the hospital in bennington and we are looking at the area of manchester south towards ben. Most on this site are from areas north and east so I am trying to get info on the area from RE agents and other resources.
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Old 10-03-2007, 02:55 PM
 
8 posts, read 24,661 times
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To get a better handle on Vermont property taxes, go to this website and look for the free PDF explaining Vermont real estate-related taxes:
Vermont real estate information and VT property for sale

They also publish a subscription newsletter that covers real estate, property taxes issues, etc.

Good luck!
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