----- Original Message -----From: [log in to unmask] href="mailto:[log in to unmask]">St. Albans Town Assistant ClerkSent: Thursday, August 12, 2010 9:25 AMSubject: Re: Education RebatesAlso, mobile home owners who own the home but rent the land, get a renters rebate on top of the tax rebate, often getting more rebate than owed. these don't bother me so much as the general rule is that they are elderly on fixed incomes and need every break they can get. the example below must be they have no reportable income which makes the rebate much higher.i feel this whole program/system is broken. i'm seeing very well off people with $500,000 homes, who own prominent businesses, getting taxed for $8000.00 to $10,000.00 and the state rebates all but 1-2 thousand of it. so the people who only bought a $160,000.00 house, with obviously less income.... being mindful of the high taxes a more expensive house is going to have, gets about 700.00 rebated. so the person being the most financially responsible loses out, and ends up paying more taxes to the town than the one that owns the mansion!! go figure.Lisa Assistant Town Clerk
[log in to unmask]----- Original Message -----From: [log in to unmask] href="mailto:[log in to unmask]">Grace, Mary JaneSent: Thursday, August 12, 2010 07:51Subject: Re: Education Rebates
There can be a few reasons. Perhaps the individual included some income tax refund money. Maybe the relative assessed value of the property changed considerably from the previous year. Was the town reappraised this year. It’s possible the parcel was over-assessed previously relative to other properties in town. Maybe the effective tax rate changed considerably from the previous year. The income sensitivity payment is a “look-back.” It uses the previous year’s income, assessment and taxes. You have to look at all those pieces.
Hope this helps.
Mary Jane Grace, Program Technician
Property Valuation and Review Division
Vermont Dept. of Taxes
From: Vermont Municipal Government Discussion Network [mailto:[log in to unmask]] On Behalf Of Town Clerk
Sent: Wednesday, August 11, 2010 3:54 PM
To: [log in to unmask]
Subject: Education Rebates
I know this question has been asked before, but for the life of me I can’t recall any of the answers that have been given.
Here’s the situation: a property owner has a non taxable income, files an HS122 and gets an income sensitivity refund greater than his actual property tax, so, we send him a check for the difference.
How is it possible for someone to get a “refund” greater than what they owe? Does it seem right that some tax payers are not only supplementing the entire property tax of others, but also giving them extra?