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Apply by 4/26/24 for Act 82 Flood Abatement Reimbursement

April 02, 2024

photo of flood waters eroding a riverbank

This information from the Property Valuation and Review Division of the Vermont Department of Taxes follows up on VLCT's March 11 description of Act 82. The period to apply for tax abatement reimbursement opened today and closes on Friday, April 26, 2024.

Act 82 of 2024 allows the Vermont Department of Taxes to approve reimbursements to municipalities for qualifying state education property tax payments related to abated state education property taxes on property that was damaged by severe storms and flooding on July 7-21, 2023, and August 3-5, 2023. The abatements must be made no later than April 15, 2024.

A municipality may also request reimbursement of interest expenses on funds borrowed to make state education property tax payments due to disruption of tax collections resulting from flooding between July 1, 2023, and October 15, 2023. The reimbursement is limited to an amount equal to the municipality's reasonable interest expenses but not more than an 8% interest rate.

These reimbursements will be processed from the Agency of Education as a reduction in Education Property Tax liability.

For a complete explanation of the program and eligibility requirements, and to submit an online application, please visit:

Flood-Related Damage and Property Tax Abatement | Department of Taxes (vermont.gov).

Questions? Call 802-828-5860 or email tax.pvr@vermont.gov