Vermont State Taxes
Quick Tax Facts
Income Tax: 3.35% – 8.75%
State Sales Tax: 6%
Median Property Tax: $3,444
Overview
Vermont may be small but it is mighty. Not only is it the greenest state in the nation, but also one of the safest. The state is widely known as one of the most liberal states, as well. Although it is beautiful during the spring and summer, winters can be very brutal – just like its taxes. Vermont’s income taxes are fairly steep and the state has some of the highest property tax bills in the country.
Vermont Income Tax
Vermont has a graduated individual income tax that ranges between 3.35% and 8.75%, depending on the taxpayer’s filing status and taxable income.
| Vermont (VT) Individual Income Tax Rates – Single |
|---|
| If VT taxable income is over | But not over | VT base tax is | Plus | Of the amount over |
|---|---|---|---|---|
| $0 | $45,400 | $0 | 3.35% | $0 |
| $45,400 | $75,000 | $1,521 | 6.6% | $45,400 |
| $75,000 | $110,050 | $3,475 | 6.6% | $75,000 |
| $110,050 | $229,550 | $5,788 | 7.60% | $110,050 |
| $229,550 | $14,870 | 8.75% | $229,550 |
| Vermont Individual Income Tax Rates – Married Filing Separately |
|---|
| If VT taxable income is over | But not over | VT base tax is | Plus | Of the amount over |
|---|---|---|---|---|
| $0 | $37,925 | $0 | 3.35% | $0 |
| $37,925 | $75,000 | $1,270 | 6.6% | $37,925 |
| $75,000 | $91,700 | $3,717 | 6.6% | $75,000 |
| $91,700 | $139,725 | $4,820 | 7.60% | $91,700 |
| $139,725 | $8,470 | 8.75% | $139,725 |
| Vermont Individual Income Tax Rates – Head of Household |
|---|
| If VT taxable income is over | But not over | VT base tax is | Plus | Of the amount over |
|---|---|---|---|---|
| $0 | $60,850 | $0 | 3.35% | $0 |
| $60,850 | $75,000 | $2,038 | 6.6% | $60,850 |
| $75,000 | $157,150 | $2,972 | 6.6% | $75,000 |
| $157,150 | $254,500 | $8,394 | 7.60% | $157,150 |
| $254,500 | $15,793 | 8.75% | $254,500 |
| Vermont Individual Income Tax Rates – Married Filing Jointly |
|---|
| If VT taxable income is over | But not over | VT base tax is | Plus | Of the amount over |
|---|---|---|---|---|
| $0 | $75,000 | $0 | 3.35% | $0 |
| $75,000 | $75,850 | $2,513 | 3.35% | $75,000 |
| $75,850 | $183,400 | $2,541 | 6.6% | $75,850 |
| $183,400 | $279,450 | $9,639 | 7.60% | $183,400 |
| $279,450 | $16,939 | 8.75% | $279,450 |
Who Must File?
Full-year and part-year residents who are required to file a federal income tax return and earned/received more than $100 in Vermont income must file a Vermont income tax return. Non-residents who are required to file a federal tax return and have net income of more than $100, or earned/received more than $1,000 in gross income, must also file a state income tax return.
Vermont Sales Tax
Vermont has a state sales tax of 6%. Local governments may levy an additional 1% sales tax.
Vermont Property Taxes
Vermont, like many of its nearby neighbors, has some pretty hefty property tax rates. The state collects an average of 1.29% of a property’s assessed fair market value.
The average property tax bill is around $3,444 (based on a median home value of $216,300). Chittenden County has the highest average property tax bill at $4,096. The lowest bill, $1,727, is found in Essex County.
| Highest | $4096 |
|---|---|
| Median | $3444 |
| Lowest | $1727 |
Yearly Cost Per Resident
Vermont Tax Holidays
Although Vermont hosted a sales tax holiday in previous years, there are no tax holidays scheduled in the state at this time.
Vermont Tax Resources
If you need assistance preparing your Vermont state taxes, you can speak with a tax professional from Tax Defense Network by calling 855-476-6920.
You can also visit the Vermont Department of Taxes for additional resources.
- Tax Forms & Instructions
- Where’s My Refund?
- Amend a Return
- Customer Service phone number: 802-828-2865
