1) The Listers/Assessor use the definition of fair market value according to state statute V.S.A 32 § 3481 to determine the assessed value of your property. A small, limited number of properties in Londonderry are assessed using alternative methods when statutorily required. Some examples of these properties would be qualified housing or covenant restricted properties, in which case the methodology for valuation can be found in state statute V.S.A 27 § 610 & V.S.A 32 § 5404a(a)(6).
2) Please provide a brief statement of why you feel your assessment is incorrect. Attach your analysis, appraisal, construction plans, or any other documentation to support your proposed value for the property. If there are physical inaccuracies in the property record card, please identify them. (Property Record Cards can be located at https://next.axisgis.com/LondonderryVT/#)
5) If your property is enrolled in the Current Use program, the Listers/Assessor are required to comply with state statue V.S.A 32 § 3756. Further information about the current use guidelines can be reviewed on the current use application CU-301. If you don’t have a current copy of your current use applications or map, please reach out to the Vermont Property Valuation and Review Current Use program at 802-828-5860. The most recent land use values can be obtained at https://tax.vermont.gov/property/current-use.
6) If your property is commercial, please see the attached commercial income form and submit the requested information with the grievance request. Vermont statue 32 V.S.A § 400(C), listers have the authority to require certain information to appraise a property at fair market value. The income approach is typically used to value commercial or industrial properties.
For all structures on the parcel, please provide the following items for the past three years, certified by an independent third party:
