2012 Vermont Statutes
Title 12 Court Procedure
Chapter 172 FORECLOSURE OF MORTGAGES
§ 4931 Definitions
§ 4931. Definitions
As used in this chapter:
(1) "Agricultural activity" includes the growing, raising, and production of horticultural and silvicultural crops, grapes, berries, trees, fruit, poultry, livestock, grain, hay, and dairy products.
(2) "Dwelling house" means a residential structure or mobile home which contains one to four family housing units, or individual units of condominiums or cooperatives, each of which is used or intended to be used as a residence.
(3) "Farmland" means land devoted primarily to commercial agricultural activities.
(4) "Value" means market value less all reasonable expenses that would be incurred in selling the property. Market value for purposes of this section may be determined based on evidence of market value deemed by the court to be reasonably reliable, which may include grand list valuation and the common level of appraisal used in the town where the property is located, if the court finds such evidence to be reasonably reliable. (Added 2011, No. 102 (Adj. Sess.), § 1.)
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