If they are appealing beyond the BCA to the court system, it will probably
take a year or two to resolve. They will be responsible for paying the
entire amount of the current year tax. At such time as a decision is made
by the legal system, than any refund due the taxpayer as a result of an
overpayment is applied as a credit to their next tax bill.
----- Original Message -----
From: "Guildhall Town Clerk" <[log in to unmask]>
To: <[log in to unmask]>
Sent: Thursday, October 02, 2008 1:27 PM
Subject: Re: education tax liabilities in the event of pending tax appeal
> So the town actually gets the money back from the State? Or from the
> School District? (Sorry, it's my first time doing this)
> ----- Original Message -----
> From: "Linda McGuire" <[log in to unmask]>
> To: <[log in to unmask]>
> Sent: Thursday, October 02, 2008 12:56 PM
> Subject: Re: education tax liabilities in the event of pending tax appeal
> The town would get the money back when they adjust the school taxes --
> the final "true Up" comes later in 2009.
> Quoting Guildhall Town Clerk <[log in to unmask]>:
>> Hi everyone,
>> I have a few questions today for you all, will start with this one. I'm
>> interested in hearing from any and all of you and also Mary Jane at
>> The largest taxpayer in our town (a corporation) is appealing their tax
>> assessment.(It's going beyond the Listers and BCA). If the town loses
>> the appeal or settles for a lesser valuation, the Grand List will be
>> significantly reduced, hence also reducing amount of taxes collected.
>> By law, the Town has to remit the school taxes within 20 days of the
>> tax due date (Oct 15). If the appeal is resolved and the GL reduced
>> within those 20 days, the Listers will simply adjust the Grand List and
>> I'll remit the corresponding dollar amount to the school.
>> However, if it's resolved and the GL is reduced AFTER the 20 days (which
>> seems likely), I know that the Town is still obligated to remit the
>> current GL amount to the school within the 20 days. My question is:
>> if the GL is reduced after those 20 days and I've already remitted the
>> money to the school, how does the Town get the Education tax dollars
>> back to pay back the taxpayer? Does the school have to pay it back?
>> Does the state do it? How does it work
>> Would appreciate your thoughts...