An act relating to a homestead property tax exemption for long-term residents who are 65 years of age or older

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Plain-English Summary

This bill would exempt long-term Vermont residents aged 65 and older from the homestead education property tax. The exemption would be phased in over four years, starting in fiscal year 2027 with a 75% exemption and reaching 100% by fiscal year 2030. This change would affect eligible seniors by reducing or eliminating their education property tax burden.

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