Vermont Form HS-122
is the Annual Vermont Homestead
Declaration. This form must be filed
each year by every Vermont resident whose property meets the definition of a homestead:
A Vermont homestead is the principal dwelling and parcel of land surrounding the dwelling, owned and occupied by a resident
individual as the individual’s domicile on April 1. If your homestead is leased
to a tenant on April 1, you may still claim it as a homestead if it is not
leased for more than 182 days in the 2016 calendar year.
The Homestead Declaration must be filed each year by Vermont
residents for purposes of the state education tax rate. The Declaration
identifies the property as the homestead of the Vermont resident. A Vermont
homestead is taxed at the homestead education property tax rate, while a
different education property tax rate applies to non-homestead property.
Non-homestead property is property used for commercial purposes or property not
used as the primary residence, such as a second home, camp, or summer cottage.
For more information, please see the Vermont Department of
Taxes web page on the Homestead Declaration:
http://tax.vermont.gov/property-owners/homestead-declaration
