Rate Breakdown

Property taxes in Franklin County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Franklin County

Property taxes in Franklin County are calculated based on the assessed value of your property and the applicable millage rate. The county assessor determines your property's assessed value by evaluating its market value, which is then adjusted by the state's Common Level of Appraisal (CLA) to ensure fairness. The millage rate, set by local taxing authorities, is applied to the assessed value to calculate your tax liability. For example, if your property is assessed at $200,000 and the millage rate is 1.5%, your annual property tax would be $3,000.

Available Exemptions

Franklin County offers several property tax exemptions to eligible residents:

• Homestead Exemption: Available to primary residents, this exemption reduces the assessed value of your home by a set amount, lowering your tax burden.
• Senior Citizen Exemption: Residents aged 65 and older may qualify for a reduction in property taxes based on income thresholds.
• Disability Exemption: Individuals with permanent disabilities may be eligible for tax relief, depending on their income and disability status.
• Veteran Exemption: Veterans who served during wartime or were disabled during service may qualify for a property tax exemption.

To apply for these exemptions, contact the Franklin County Assessor's Office for eligibility criteria and required documentation.

Payment Schedule & Deadlines

Property taxes in Franklin County are typically due in two installments:

• The first installment is due by August 15th.
• The second installment is due by February 15th of the following year.

If you miss a payment deadline, penalties and interest will be applied. To avoid late fees, consider setting up automatic payments or paying in full by August 15th. For financial hardship, contact the county treasurer’s office to discuss payment plan options.

Appealing Your Assessment

If you believe your property has been assessed incorrectly, you can appeal the decision. Here’s how:

• File a Grievance: Submit a written appeal to the Franklin County Board of Listers within the specified filing period (usually within 14 days of receiving your assessment notice).
• Provide Evidence: Include supporting documentation, such as recent appraisals or comparable property values, to justify your case.
• Attend the Hearing: Present your case to the Board of Listers, who will review the evidence and make a determination.
• Further Appeal: If unsatisfied with the Board’s decision, you can appeal to the Vermont Superior Court.

Act promptly and ensure all documentation is accurate to strengthen your appeal.