Vermont Governor Signs Property Tax Law Creating City of Essex Junction, Adopting City Charter

The Vermont Governor April 20 signed a law creating the City of Essex Junction and adopting a charter for the city approved by voters on Nov. 2, 2021. The law includes measures: 1) requiring all business personal property to be appraised according to state law; 2) exempting business personal property acquired after Sept. 30, 1995, from tax; 3) specifying that taxes on real property shall be paid in equal installments on March 15 and Sept. 15; 4) assessing an additional charge of 8 percent on any tax not paid on or before the due dates; and 5) requiring the city ...