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Vt. Stat. Ann. tit. 32, § 6063

Claim as personal; credit and exemption amount at time of transfer [Effective July 1, 2028 if contingency met; see also 32 V.S.A. chapter 154 effective until contingency met, set out above]

Added 1997, No. 60, § 51, eff

(a) The right to file a claim under this chapter is personal to the claimant and shall not survive the claimant’s death, but the right may be exercised on behalf of a claimant by the claimant’s legal guardian or attorney-in-fact. When a claimant dies after having filed a timely claim, the municipal property tax credit and the homestead exemption amount shall be applied to the property tax liability of the claimant’s estate as provided in section 6066a of this title.

(b) In case of sale or transfer of a residence after April 1 of the claim year:

(1) any municipal property tax credit amount related to that residence shall be allocated to the transferor at closing unless the parties otherwise agree;

(2) any homestead property tax exemption related to that residence based on the transferor’s household income under subdivision 6066(a)(1) of this chapter shall cease to be in effect upon transfer; and

(3) a transferee who is eligible to declare the residence as a homestead but for the requirement to own the residence on April 1 of the claim year shall, notwithstanding subdivision 5401(7) and subsection 5410(b) of this title, be eligible to apply for a homestead property tax exemption in the claim year when the transfer occurs by filing with the Commissioner of Taxes a homestead declaration pursuant to section 5410 of this title and a claim for exemption on or before the due date prescribed under section 6068 of this chapter.

Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.