The Vermont Property Tax Credit assists many Vermont homeowners with paying their property taxes. You may be eligible for a property tax credit on your property taxes if your property qualifies as a homestead and you meet the eligibility requirements. The maximum credit is $5,600 for the State education property tax portion and $2,400 for the municipal property tax portion.
To file a property tax credit, you must meet ALL of the following eligibility requirements:
You need to file the following two forms to apply for a property tax credit. You can submit your claim electronically on myVTax as a standalone filing or when you file your Vermont Income Tax return.
| Tax Year | Maximum Household Income |
|---|---|
| 2023 | $128,000 |
| 2022 | $134,800 |
| 2021 | $136,900 |
| 2020 | $138,500 |
| 2019 | $138,250 |
| 2018 | $136,500 |
| 2017 | $147,500 |
| 2016 | $141,000 |
The due date for filing a Property Tax Credit Claim is the same due date for filing your Vermont income tax return and Homestead Declaration, which is generally April 15. If you file your Homestead Declaration by the extended October 15 due date, you may still file a Property Tax Credit Claim as late as March 31 of the following year. However, a processing fee of $150 will be deducted from your property tax credit. After October 15, any property tax credit will be sent directly to the homeowner and not to the town.
If you submit a Property Tax Credit Claim with your Homestead Declaration, you are allowed to amend or change the following information reported on the forms HS-122, Homestead Declaration and Property Tax Credit Claim and HI-144, Household Income, as long as the amendments are made within three years of the April filing due date:
If you are not filing your amended return electronically, you may use Schedule HI-144, Household Income, for the applicable year to amend household income. Enter the correct household income and mark AMENDED on the HI-144. Send the amended HI-144 separately from any other returns being filed with the Department.
Mail your return to:
Vermont Department of Taxes
P.O. Box 1645
Montpelier, VT 05601-1645
| Title | Number | Revised |
|---|---|---|
| myVTax Guide How to File a Homestead Declaration or Property Tax Credit Claim | GB-1265 | 2024 |
See below for forms, instructions, and a property tax credit calculator provided by the department for the convenience of taxpayers and preparers to estimate the amount of the Property Tax Credit that the taxpayer may receive in the coming property tax year.
2023 Vermont Income Tax Return Booklet
This booklet includes forms and instructions for: IN-111, IN-112, IN-113, IN-116, HS-122, RCC-146, HI-144
| Title | Section or Number |
|---|---|
| Domicile | Reg. § 1.5811(11)(A)(i), §1.5401(7), (14), §1.6066(c) |
| Homestead | Reg. § 1.5401(7) |
| Claims of Decedents | Technical Bulletin 20 |
| Adjustment to Modified Gross Income Schedule HI-144 | Technical Bulletin 51 |
| Reporting Business Income, K-1 Income, Rental Income and Capital Gain on Schedule HI-144 Household Income | Technical Bulletin 56 - Under Review |
The Property Tax Credit information has been made available in the following languages:
Commissioner Craig Bolio
Deputy Commissioner Rebecca Sameroff
(802) 828-2505 | Department Directory
Taxpayer Services
(802) 828-2865
Mon, Tue, Thu, Fri, 7:45 am-4:30 pm
Taxpayer Assistance Window
1st Floor Lobby | 133 State Street
Montpelier, VT 05602