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The Times of India
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TOI World Desk

Vermont taxes 2.4 million acres of private forest on what it grows rather than what a developer would pay; owners who break the deal repay a decade of the difference

Vermont

Most property tax bills center on one question: what is the fair market value of this land? Vermont, however, asks a completely different question with regard to its forests and farmland. Instead of taxing lands at their value if developed, the state levies taxes on forest lands according to their productivity as working timberlands, a policy that now applies to more than half of Vermont’s privately owned forestland, according to the Vermont Department of Forests, Parks and Recreation.

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