Property

Burlington City Council expanding relief program for property-owning taxpayers

Burlington City Council voted to expand a measure that aims to relieve some of the burden the city’s property-owning taxpayers are experiencing.Last year, the council approved $1 million to provide this relief . On Monday, they voted unanimously to expand the Property Tax Relief Lag Program. The vote adjusts the criteria for properties who can receive this assistance. It’s now available to properties up to $550,00 dollars in value. That property must also see at least a 40% increase in their property’s assessment value between fiscal years 2021 and 2022.Other criteria remains the same from the original program. Property owners still need to have experienced hardships due to Covid-19 starting on or after January 21, 2020. They must also meet the state’s homestead declaration requirement. “Many are eager to see these ARPA funds deployed in ways that have maximum benefit for the community,” Mayor Miro Weinberger said. “I think it will be important after this expansion to then return these ARPA funds to the larger pool and get them deployed in other ways.”The program is being funded by American Rescue Plan funds. Any unused funds need to be returned by September 30. So far, the Property Tax Relief Lag Program has applied ab0ut $470,000 in aid to about 330 households in the city.Eligible properties will be reached out to directly. Anyone who has already paid their taxes and is eligible for this help will be reimbursed.The program has now been extended until June 30. Changes will go into effect immediately.More information on the program and the approved changes can be found here.

Burlington City Council voted to expand a measure that aims to relieve some of the burden the city’s property-owning taxpayers are experiencing.

Last year, the council approved $1 million to provide this relief . On Monday, they voted unanimously to expand the Property Tax Relief Lag Program.

The vote adjusts the criteria for properties who can receive this assistance. It’s now available to properties up to $550,00 dollars in value. That property must also see at least a 40% increase in their property’s assessment value between fiscal years 2021 and 2022.

Other criteria remains the same from the original program. Property owners still need to have experienced hardships due to Covid-19 starting on or after January 21, 2020. They must also meet the state’s homestead declaration requirement.

“Many are eager to see these ARPA funds deployed in ways that have maximum benefit for the community,” Mayor Miro Weinberger said. “I think it will be important after this expansion to then return these ARPA funds to the larger pool and get them deployed in other ways.”

The program is being funded by American Rescue Plan funds. Any unused funds need to be returned by September 30.

So far, the Property Tax Relief Lag Program has applied ab0ut $470,000 in aid to about 330 households in the city.

Eligible properties will be reached out to directly. Anyone who has already paid their taxes and is eligible for this help will be reimbursed.

The program has now been extended until June 30. Changes will go into effect immediately.

More information on the program and the approved changes can be found here.

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