Property Ownership
A Vermont homeowner who files a homestead declaration receives a benefit on their state:
AIncome tax
BEducation property tax (homestead vs. non-homestead rates)✓ Correct
CProperty transfer tax
DFederal property tax
Explanation
Vermont property owners who declare their property as their primary residence (homestead) on their state income tax return qualify for the lower homestead education property tax rate. Non-homestead (investment/vacation) properties pay a higher education property tax rate.
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