I looked at the VT Statute you referenced and it is about allowing for a discount on taxes paid in advance if the voters have voted a discount as part of the tax billing process. Therefore, I would conclude that the reference you mention is specific to an overpayment when a discount is allowed.
In Norwich, when a taxpayer overpays their taxes, we have a Small Balance Policy at our Town to assist in whether we refund an overpayment or just retain it. It is my recollection that the amount used is $3.00, but it may have increased. In other words, if a "current" tax payment is over by a few dollars or under by a few dollars, we can just eliminate the over/under amount by referencing the policy. Otherwise, we refund the taxpayer any amount over that threshold without a formal request.
Cheryl A. Lindberg, CVT
Town of Norwich
--- You wrote:
Hello treasurers, Please look at 32 VSA 4774 (b). If you receive a tax payment that is an overpayment of $10.00 or less, do you send the taxpayer a letter stating that he has an overpayment and he could request the overpayment if done so within the year? I can't find anything saying we should notify the taxpayer of this extra money. Thanks, Nancy
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