Property Ownership
Vermont's current use program (Use Value Appraisal / UVA) allows:
ACommercial property owners to defer property taxes
BFarmland and forest land to be taxed based on agricultural or forestry value rather than development value✓ Correct
CHistoric properties to be exempt from all property taxes
DWaterfront property to be taxed at a reduced rate
Explanation
Vermont's Use Value Appraisal (Current Use) program allows qualifying agricultural and forest land to be assessed for tax purposes based on its value for agricultural or forestry use rather than its potential development value, encouraging conservation.
Related Vermont Property Ownership Questions
- Vermont's 'scenic easement' restricts the property owner from:
- Vermont's doctrine of 'waste' prohibits a life tenant from:
- Adverse possession in Vermont requires all of the following EXCEPT:
- A Vermont 'landlocked' parcel that has no road access to a public highway may gain access through:
- Vermont's Uniform Trust Code affects real estate held in trust by:
- A Vermont condominium owner holds:
- A Vermont property owner grants an 'easement appurtenant' to a neighboring property. This easement:
- Vermont's 'homestead protection' in bankruptcy law allows a Vermont debtor to exempt how much equity in their principal residence from bankruptcy creditors?
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →