East Montpelier Elementary School
Bond Vote Information Sep 18, 2012
Examples of how to use the Projected Tax
Table. Examples are per year.
Example #1:
I own my
house on a 2 acre lot valued at $200,000 and my taxable household income is
$50,000.
House-site and up to Two Acre Value $200,000 (left hand column)
Household Income $50,000 (top row)
Projected Tax Increase $180
(where
the two meet in the grid)
Example #2
I own my house,
the lot is larger than 2 acres, and my taxable household income is $50,000. My
house site and two acre value is $200,000 and the additional acreage is valued
at $50,000
House-site and up to Two Acre Value $200,000 (left hand column)
Household Income $50,000 (top row)
Projected Tax Increase House-site
$180
(where the two
meet in the grid)
PLUS
Value of Additional Adjacent Land $50,000 (left hand column)
Projected Tax Increase Additional
Land $78
 |
(far right column, income adjustments do not apply)
Combined Total Tax Increase $258
Example #3
Non-residential property, including:
·
Your business if it is not also
your primary residence
·
Land you own if it is not
adjacent to your house-site
·
Rental property you own.
The tax rate used for non-residential property is a state-wide rate set
each year by the Vermont legislature. That rate is the same for
non-residential property located anywhere in Vermont.
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