Vermont Statutes Title 32 Sec. 3803
Terms Used In Vermont Statutes Title 32 Sec. 3803
- following: when used by way of reference to a section of the law shall mean the next preceding or following section. See
- Personal estate: shall include all property other than real estate. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
- Town: shall include city and wards or precincts therein; "selectboard members" and "board of civil authority" shall extend to and include the mayor and aldermen of cities; "trustees" shall extend to and include bailiffs of incorporated villages; and the laws applicable to the inhabitants and officers of towns shall be applicable to the inhabitants and similar officers of all municipal corporations. See
§ 3803. Exemptions from local taxation
Except as otherwise provided, the following property shall not be set in the grand list to the owner thereof:
(1) real and personal estate used in operating a railroad, and appraised under sections 8281-8286 and 8321-8322 of this title, including the section of the North Stratford, New Hampshire, to Beecher Falls, Vermont, railroad line owned by the State of New Hampshire and situated in the Town of Canaan exempted from taxation under section 8286 of this title;
(2) real and personal estate, except land and buildings, used in carrying on telephone business or in operating a transportation company in this State; and
(3) money, stocks, bonds, mortgages, and other evidences of indebtedness. (Amended 1989, No. 222 (Adj. Sess.), § 33, eff. May 31, 1990; 1997, No. 156 (Adj. Sess.), § 2, eff. April 29, 1998; 2021, No. 105 (Adj. Sess.), § 525, eff. July 1, 2022.)