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Vermont Targets Second Homes for Tax Reform | Burlington News

Vermont Targets Second Homes for Tax Reform | Burlington News

Published 5 days, 14 hours ago
Description

Vermont Democrats are rallying behind a bold new tax plan targeting second homes, arguing it’s not just about revenue—but fairness and housing access. With every gubernatorial and lieutenant governor candidate on board, the proposal aims to force owners to either rent or sell their vacation properties, freeing up housing for locals while funding critical services like healthcare and schools. The state is set to introduce a new tax category for second homes by 2029, potentially tapping into the wealth of property owners who leave their homes vacant for months. Supporters say it’s long overdue—especially since some towns’ primary homeowners pay more than those with second homes—and could ease the housing crisis while ensuring those with multiple properties contribute their fair share.

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