Vermont property taxes
Varies
Are Property Taxes Deductible in Vermont?
Short answer: Yes on your federal return if you itemize, within the $40,400 SALT cap. Vermont adds its own break: Property Tax Credit up to $5,600 (education) plus $2,400 (municipal) for homesteads with 2025 household income up to $115,400.
Also: Refundable Renter Credit based on 10% of local fair market rent, with county income limits. Homestead: No dollar exemption; filing a Homestead Declaration gets you the lower homestead education tax rate. Vermont homeowners must file a Homestead Declaration every year to qualify for the property tax credit.
Records to keep: Keep receipts, statements, and a note of what each cost was for. Compare itemizing to the 2026 standard deduction ($16,100 single / $32,200 joint) before you claim.
Vermont property taxes
Varies
Individuals / Personal Taxes
Yes on your federal return if you itemize, within the $40,400 SALT cap. Vermont adds its own break: Property Tax Credit up to $5,600 (education) plus $2,400 (municipal) for homesteads with 2025 household income up to $115,400.
Business justification
Yes on your federal return if you itemize, within the $40,400 SALT cap. Vermont adds its own break: Property Tax Credit up to $5,600 (education) plus $2,400 (municipal) for homesteads with 2025 household income up to $115,400. Also: Refundable Renter Credit based on 10% of local fair market rent, with county income limits. Homestead: No dollar exemption; filing a Homestead Declaration gets you the lower homestead education tax rate. Vermont homeowners must file a Homestead Declaration every year to qualify for the property tax credit.
Category
- Personal Tax Deductions