2013 Vermont Statutes
Title 32 Taxation and Finance
Chapter 231 PROPERTY TRANSFER TAX
§ 9606 Property transfer return

9606. Property transfer return

(a) A property transfer return complying with this section shall be delivered to a town clerk at the time a deed evidencing a transfer of title to property is delivered to the clerk for recording.

(b) The property transfer return required by this section shall be in such form and with such signatures as the Commissioner shall prescribe. If the return is filed with respect to a transfer which is claimed to be exempt from the tax imposed by this chapter, the return shall set forth the basis for such exemption. If the return is filed with respect to a transfer subject to such tax, the return shall truly disclose the value of the property transferred, together with such other information as the Commissioner may reasonably require for the proper administration of this chapter. The return shall include notice that the property may be subject to regulations governing potable water supplies and wastewater systems under 10 V.S.A. chapter 64 and to building, zoning, and subdivision regulations; and that the parties have an obligation under law to investigate and disclose his or her knowledge regarding flood regulation, if any, affecting the property.

(c) For receiving and acknowledging a property transfer return under this chapter, there shall be paid to the town clerk at the time of filing a fee as provided for in subdivision 1671(a)(6) of this title.

(d) The property transfer tax return shall not be required of properties qualified for the exemption stated in subdivision 9603(17) of this title. A public utility shall notify the listers of a municipality of the grantors, grantees, consideration, date of execution, and location of the easement when it files for recording a deed transferring a utility line easement that does not require a transfer tax return.

(e) The Commissioner of Taxes is authorized to disclose to any person any information appearing on a property transfer tax return, including statistical information derived therefrom, and such information derived from research into information appearing on property transfer tax returns as is necessary to determine if the property being transferred is subject to 10 V.S.A. chapter 151. (Added 1967, No. 146, 1, eff. Jan. 1, 1968; amended 1969, No. 291 (Adj. Sess.), 14, eff. 60 days after April 9, 1970; 1971, No. 84, 17; 1973, No. 263 (Adj. Sess.), 4, eff. 30 days from April 16, 1974; 1979, No. 159 (Adj. Sess.), 19; 1981, No. 38, 2, eff. April 21, 1981; 1987, No. 64, 5, 9; 1987, No. 76, 18; 1993, No. 170 (Adj. Sess.), 16; 1997, No. 60, 52c, eff. Jan. 1, 1998; 1999, No. 155 (Adj. Sess.), 12a; 2001, No. 133 (Adj. Sess.), 12, eff. June 13, 2002; 2003, No. 70 (Adj. Sess.), 55, eff. March 1, 2004; 2009, No. 47, 14; 2009, No. 160 (Adj. Sess.), 17; 2013, No. 73, 44, eff. June 5, 2013.)