Vermont S315: An act relating to a homestead property tax exemption for long-term residents who are 65 years of age or older

What the bill says

An act relating to a homestead property tax exemption for long-term residents who are 65 years of age or older It is hereby enacted by the General Assembly of the State of Vermont.

From the introduced text, January 27, 2026:

An act relating to a homestead property tax exemption for long-term residents who are 65 years of age or older It is hereby enacted by the General Assembly of the State of Vermont: Sec. 1. 32 V.S.A. § 3802 is amended to read: § 3802. PROPERTY TAX The following property shall be exempt from taxation: * * * (23) A homestead validly declared under section 5410 of this title shall be exempt from the homestead education property tax imposed pursuant to VT LEG #385924 v.4 BILL AS INTRODUCED S.315 2026 Page 2 of chapter 135 of this title if the declarant for the homestead meets both of the following conditions: (A) the declarant is 65 years of age or older as of December 31 of the taxable year; and (B) the declarant has been domiciled in Vermont for at least consecutive years. Sec. 2. TRANSITION; HOMESTEAD PROPERTY TAX EXEMPTION FOR LONG-TERM RESIDENTS WHO ARE 65 YEARS OF AGE OR OLDER; FYS 2027-2029 (a) Notwithstanding 32 V.S.A. § 3802(23) and 32 V.S.A. chapter 135, for fiscal years 2027-2029, the only education property tax imposed on a homestead property validly declared under 32 V.S.A. § 5410 shall be as calculated under this section if the declarant for the homestead property meets both of the following conditions: (1) the declarant is 65 years …

Read the full official text

Sponsors

• Christopher Mattos (R, Chittenden-North District) · primary sponsor

Latest actions

1. January 27, 2026: Read 1st time & referred to Committee on [Finance]
2. January 27, 2026: Introduced and read first time

Common questions

What is S315?

S315 is a bill in the Vermont Legislature (2025-2026 Session): An act relating to a homestead property tax exemption for long-term residents who are 65 years of age or older.

What does S315 do?

In its own words: An act relating to a homestead property tax exemption for long-term residents who are 65 years of age or older It is hereby enacted by the General Assembly of the State of Vermont.

What is the status of S315?

In committee as of January 27, 2026. Latest action: Read 1st time & referred to Committee on [Finance] (January 27, 2026).

Who sponsored S315?

Christopher Mattos (R, Chittenden-North District).

Where is the official record for S315?

On the Vermont Legislature website: https://legislature.vermont.gov/bill/status/2026/S.315