If the property owners are a married or civil union couple, then both owners are included in the Homestead Declaration. Learn more about other ownership situations or special situations. If you have additional questions please contact the Vermont Department of Taxes.
The Homestead Declaration must be filed in both towns.
If the property is transferred (by sale or some other type of transaction) to a new owner after April 1, the new owner waits until the following year to file the Homestead Declaration if the property qualifies as a homestead.
When you complete Form HS-122, enter the percentage of the dwelling that is rented. All rental use is required to be reported even if it is 25% or under. The rental use percentage is generally the same as reported on your Federal income tax return.
1,800 square foot home with 365 square feet rented. The 20.27% rental use (365/1,800 is rounded to 20.00%. Eighty percent of your home will be taxed at the resident rate.
You must withdraw the declaration using Form HS-122W. Because the Homestead Declaration is a prerequisite to filing a Property Tax Credit, you will no longer be eligible for the credit.
If you owned a Vermont homestead in the previous calendar year, sold the homestead before April 1, withdrew or did not file a Property Tax Credit and rented between the date of the sale and Dec. 31, you may be eligible for a Renter Credit Claim for rent paid in the previous calendar year.
Commissioner Craig Bolio
Deputy Commissioner Rebecca Sameroff
(802) 828-2505 | Department Directory
Taxpayer Services
(802) 828-2865
Mon, Tue, Thu, Fri, 7:45 am-4:30 pm
Taxpayer Assistance Window
1st Floor Lobby | 133 State Street
Montpelier, VT 05602