An act relating to creating a residential property tax subclass for uninhabitable buildings

This bill creates an annual fee for properties deemed uninhabitable by municipal officials under existing Vermont law (24 V.S.A. § 2291(24)). The fee equals the greater of 1% of a property’s appraised value or $5,000, due when regular property taxes are collected. It applies only to properties determined uninhabitable (e.g., abandoned, boarded-up, or unsafe) that remain unrepaired for 30 days after the determination. Property owners may request a pro-rata fee abatement once repairs are completed, as outlined in Section 1539 of the bill.