If the homestead rate is higher than the nonresidential rate, the penalty would be the difference between the tax at the nonresidential rate and the homestead rate, in addition to the 1% penalty. 
Mary Jane Grace
Property Valuation and Review Division
Vermont Dept. of Taxes

From: Vermont Municipal Government Discussion Network [mailto:[log in to unmask]] On Behalf Of Searsburg
Sent: Monday, July 31, 2006 10:50 AM
To: [log in to unmask]
Subject: Filing HS-131

To Lister/and or/Treasurer Land
Hi,  What happens if a person files the HS-131 AFTER
July 15 ??????  Are they then still taxed at the non-
resident rate? 
Josie  Searsburg