Vermont

In State Info by TSL Admin


Primary Sale Type: Tax Lien Certificate
vermont
Secondary Type(s): NA
Sale Date(s): Varies: set by taxing jurisdiction
Bid Type: Premium Bidding
Rate of Return: 12% per annum
Redemption Period: 1 year from date of sale
Over-the-Counter: NA
Statute Section(s): VT Statutes - Title 32, CH 133
State Website: www.vermont.gov

State Overview:

There are 14 counties in Vermont and 255 towns and cities. Vermont often holds their sales on the municipal level.

County Directory

The two most populous areas in Vermont are Chittenden (156,000+) and Rutland (61,000+) County.

Search Demographics:

Vermont is classified as a Tax Lien Certificate state. However taxes are collected on the municipal level, of which there are 237 municipalities. Sale dates vary and are set by the municipality.

Auction Process / Redemption:

Tax Lien Certificates purchased in the state of Vermont are won using the 'Premium Bid' method. Parcels are subject to a 1 year right of redemption, accruing 12% per annum. Typically, the Town Treasurer or Tax Collector collects real property taxes; however, a town can choose one of five procedures to collect taxes:

If a Town takes no action, the First Constable automatically becomes the Collector of Taxes. Or a town may vote to elect a Tax Collector who collects both current and delinquent taxes.Town may vote to have the Town Treasurer collect taxes; however the Town may also vote to have delinquent taxes collected by the Collector of Taxes, by the Collector of Delinquent Taxes or by the Constable (if neither Collector is elected)

If a town has adopted the Town Manager form of government, it can vote to have the Town Manager collect taxes; however if the town has voted to have the Town Treasurer collect current taxes, then the Town Manages can collect only delinquent taxes and 5. If the town is without a Tax Collector, the Town Selectboard can hire someone to collect what taxes the Town Treasurer does not. For further information, go to www.vlct.org

State Resources:

Resource Description Instructions and Additional Information
City and Town Contact Information The Vermont League of Cities and Towns provides a Municipal Directory providing, in an Excel file. NA
Treasury & Clerk Contact Information The Vermont Secretary of State provides a Guide to Vermont