Taxation

V.S.A. tit. 24 Appendix, ch. 113, subch. 7

in effect

24 App. V.S.A. ch. 113, § 701 Taxes on real and personal property

701. Taxes on real and personal property Taxes on real and personal property shall be paid in three equal payments, one-third due and payable on or before August 15, one-third due and payable on or before November 15, and one-third due and payable on or before March 15 of each fiscal year.

24 App. V.S.A. ch. 113, § 702 Penalty; interest; Treasurer’s powers

702. Penalty; interest; Treasurer’s powers (a) Penalty. Any installment not paid by the due dates established in section 701 of this charter shall be delinquent and there shall immediately be added to the amount due a penalty charge for late payment equivalent to five percent of the delinquent installment. If, after the expiration of 30 days from the due date of each installment the installment remains unpaid, an additional three percent penalty shall be added to the amount due. All such charges, fees, interest, and other additional amounts shall be cumulative and accrue at the times and in the manner herein specified. (b) Interest. An additional interest charge in the amount of one percent of the unpaid tax per month or fraction thereof shall be added to any tax not paid on or before the dates specified in section 701 of this charter for the first three months and thereafter one and one-half percent per month or fraction thereof, from the due date of such tax. Until such time as said tax is paid in full, such interest shall be imposed on a fraction of a month as if it were an entire month. (c) Treasurer’s powers. The Treasurer shall have all the powers that treasurers of towns have under the general law of the State, including the power to bring actions of law, conduct tax sales, and bring petitions for foreclosure of tax liens. Such acts shall be done in the name of the Town of Colchester and in the manner provided in general law, except as modified by any provision of this charter. Amended 2015, No. M-1, § 2, eff. Jan. 27, 2015.

24 App. V.S.A. ch. 113, § 703 Local sales, rooms, and meals and alcohol beverages tax

703. Local sales, rooms, and meals and alcohol beverages tax (a) Upon resolution of the Selectboard, or upon receipt of a petition submitted by five percent of the registered voters of the Town, at an annual or special meeting warned for the purpose by a majority of those present and voting, the voters of the Town may vote to assess any or all of the following: (1) a one percent sales tax; (2) a one percent rooms tax; and (3) a one percent meals and alcoholic beverage tax. (b) A tax imposed under the authority of this section shall be collected and administered and may be rescinded as provided by the general laws of the State. (c) Revenues received through the imposition of a tax imposed under this section shall be used for expenses or financing of voter-approved capital projects within the Town and voter-approved intermunicipal financial support related thereto. Added 2015, No. M-10, § 2, eff. May 26, 2015.

Source: Vermont General Assembly (legislature.vermont.gov)URL: https://legislature.vermont.gov/statutes/chapter/24APPENDIX/113Fetched: 10/21/2026