Go to Previous Versions of this Section
  1. 2025 Vermont Stat. (here)
  2. 2024 Vermont Stat.
  3. 2023 Vermont Stat.
  4. View All Versions

2025 Vermont Statutes
Title 24 Appendix - Municipal Charters
Chapter 13 - City of South Burlington
App § 1504. Business inventory and business personal property

Universal Citation:
24A VT Stats § 1504
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
Previous Next

§ 1504. Business inventory and business personal property

(a) The City shall exempt business inventory as defined in 32 V.S.A. § 3848 from the property tax.

(b) Business personal property as defined in 32 V.S.A. § 3618(c) shall be appraised in accordance with the provisions of 32 V.S.A. § 3618, as such provisions are from time to time amended.

(c) Subsection (b) of this section notwithstanding, all business personal property first located in the City after April 1, 1996, shall be exempt from property tax.

(d) Subsection (b) of this section notwithstanding, the listed value of business personal property included in the City grand list for fiscal year 1996, shall be reduced by 20 percent for fiscal year 1997, and each year thereafter, or the maximum amount authorized under the provision of 32 V.S.A. § 3618(a), whichever is greater, and deleted from the grand list when reduced to zero listed value.

Previous Next
Disclaimer: These codes may not be the most recent version. Vermont may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.