VT Property Tax Credit: Guidelines & Eligibility
February 17, 2025
Did you know that the Vermont Property Tax Credit assists many Vermont homeowners with paying their property taxes? You may be eligible for a property tax credit based on your 2024/2025 property taxes if your property qualifies as a homestead and you meet the eligibility requirements.
Who is Eligible to File a Claim?
In order to file a Vermont Property Tax Credit Claim, you must meet all of the following eligibility requirements:
- Your property qualifies as a homestead, and you have filed a Homestead Declaration before the October 15, 2025, filing deadline.
- You were domiciled* in Vermont for the entire 2024 calendar year.
- You were not claimed as a dependent of another taxpayer for 2024.
- You occupy the property as your homestead as of April 1, 2025.
- The Property Tax Credit Claim for 2025 is due on April 15.
- Generally, claims cannot be accepted after October 15, 2025.
- Your Household Income did not exceed $115,000 in 2024.
* Domicile is a legal concept that has implications for Vermont income tax, the statewide education tax, and property tax credit. See the definition of “domicile” (tax.vermont.gov/regulations)
What is a Homestead?
A Homestead Declaration (Form HS-122) must be filed each year so that you are correctly assessed the homestead tax rate on your property. A “homestead” is the principal dwelling and parcel of land surrounding the dwelling. It is your responsibility as the property owner to claim the property as a homestead if you meet, or expect to meet, the following requirements:
- You are a Vermont resident.
- You own and occupy a homestead as your domicile as of April 1, 2025.
Note: If you meet these requirements, except that your homestead is leased to a tenant on April 1, 2025, you may still claim it as a homestead if it is not leased for more than 182 days in the 2024 calendar year.
What Forms Are Needed to File?
You need the following two forms to file a claim:
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