Vt. Supreme Court rules on Colchester taxes - WCAX.COM Local Vermont News, Weather and Sports-

Vt. Supreme Court rules on Colchester taxes

Posted: Updated:

A big win for the Town of Colchester. The Vermont Supreme Court has sided with the town in dispute over property taxes for some lake front homes.

The issue arose two years ago during a town-wide reassessment. Tax bills jumped for dozens of homeowners when the town began assessing them at full fair market value -- even though the land the homes sit on is leased land and already being taxed separately.

Forty-four property owners appealed the assessments and a Superior Court judge found in their favor.  But the Supreme Court sided with the town, saying  all properties must be taxed at fair market value out of fairness to other taxpayers.

"What the town is doing is taking a trailing look at the market and relying on the values that the town says they are. And the town looks at those values that are chosen by the market and says those are the values we're going to go with those and rely on what the market tells us it is," said Brian Monaghan, an attorney with the law firm Monaghan, Safar, Dwight.

Colchester town officials say they are very pleased with the Supreme Court's ruling.


Related Stories:

Colchester asks for reconsideration on camp taxes

Colchester still weighing options following legal loss

Colchester may appeal camp ruling

Court rules Colchester must repay some camp owners

Colchester camp owners challenge assessments

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WCAX. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.