The bill H.291 proposes changes to the Use Value Appraisal Program in Vermont, specifically addressing the taxation of land that is posted against hunting, fishing, or trapping. It stipulates that such posted lands will be subject to a higher tax rate compared to agricultural land or managed forestland. The Board responsible for establishing land values will now include a recommendation that posted lands pay a tax rate equal to 25 percent of the difference between the parcel's use value and its grand list value. This change aims to ensure that posted lands contribute more significantly to local tax revenues.

Additionally, the bill amends the qualifications for use value appraisal by explicitly stating that enrolled land posted against hunting, fishing, or trapping will be assessed at a higher tax rate than agricultural or managed forestland. The act is set to take effect on July 1, 2025, allowing for a transition period for landowners and municipalities to adjust to the new tax structure.

Statutes affected:
As Introduced: 32-3754, 32-3756