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Act 68 certification deadline for 2011

By: VHFA on 12/28/2010

We've posted the 2011 application deadline for Act 68 subsidized rental housing certification: Feb. 25.

Act 68 categorizes all Vermont properties as "homestead" or "non-homestead," charging a higher tax rate for non-homestead properties.

Subsidized housing buildings are, by default, considered non-homestead properties under Act 68. Luckily, the law allows owners/managers of those properties to apply to reduce their assessment to reduce their tax burdens to something more akin to homestead status.

More details about Act 68, the process of applying for the subsidized rental housing designation, as well as a PDF application are all available online.