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 PVR.
> 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
> 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
> 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...