Home
Town News & Announcements
Attention All Residents - HS-122 FORM
Posted: October 3, 2024
Form HS-122 Instructions YOU MUST FILE THE HS-122 FORM EACH YEAR IF YOU ARE A VERMONT RESIDENT WHOSE PROPERTY MEETS THE DEFINITION OF A HOMESTEAD. EVEN IF YOU DON’T FILE STATE TAXES, YOU STILL MUST FILE THE HS-122 HOMESTEAD FORM EACH YEAR WITH THE STATE.
Homestead Declaration and Property Tax Credit
FORM HS-122 SECTION A Vermont Homestead Declaration
THE HOMESTEAD DECLARATION must be filed each year by Vermont residents for purposes of the state education tax rate.
The Declaration identifies the property as the homestead of the Vermont resident. A Vermont homestead is taxed
at the homestead education property tax rate, while a different education property tax rate applies to nonhomestead
property (previously known as the “nonresidential” rate). Nonhomestead property is property used for commercial
purposes or property not used as the principal (primary) residence, such as a second home, camp, or summer cottage.
A property may be classified as both homestead and nonhomestead. This occurs when a part of the home is used
for commercial purposes or as a rental. The property tax bill will show a homestead education property tax rate and
a nonhomestead education property tax rate. For more information on the Homestead Declaration, please visit our
website
tax.vermont.gov for our quick reference guides and statutes.
Posted/Author: Assessors Office
