An act relating to grand list values of parcels with wetlands

This bill requires Vermont property assessors to consider development restrictions on wetlands when calculating the grand list value (taxable value) of affected parcels. It specifically applies to properties containing Class I wetlands (as defined by state rules), Class II wetlands (from the Vermont Significant Wetlands Inventory), or land designated as significant by the Secretary of Natural Resources, including required buffer zones. Assessors must account for any reduced property value caused by these legal restrictions when setting tax assessments. The law takes effect on July 1, 2026.