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Vermont Conveyance Tax

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In Vermont, a conveyance tax, also known as a property transfer tax, is a fee paid upon the transfer of real estate. The rate varies depending on the property type and whether it will be used as a primary residence. The buyer typically pays the tax at the time of closing. In addition to the base tax, a Clean Water Surcharge is also applied to most transactions.
 
Standard rates
The standard rates apply to investment properties, vacation homes, and commercial real estate. The rate was increased on August 1, 2024, for non-principal residences. 
  • General Property Rate: 1.47% (1.25% state tax + 0.22% surcharge).
  • Non-Principal Residence: 3.62% (3.40% state tax + 0.22% surcharge). 
Principal residence rates
For those purchasing a home to be used as their primary residence, lower rates apply.
  • Property value up to $200,000: 0.5%.
  • Property value over $200,000: 1.47% (1.25% state tax + 0.22% surcharge). 
Special rates for qualifying loans
Purchasers using certain financing, such as through the Vermont Housing Finance Agency (VHFA), may qualify for an additional tax reduction. 
  • Property value up to $250,000: Exempt from the tax.
  • Property value over $250,000: 1.47% (1.25% state tax + 0.22% surcharge). 
Disclaimer: Conveyance tax rates and exemptions are subject to change. For the most current and specific information regarding your situation, it is best to consult the Vermont Department of Taxes or a real estate attorney.