Breaking down the solution
Eliminating the education property tax for residential homeowners will make how we pay for schools fairer than it has ever been.
In this chart, we compare where we were before the passage of a statewide property tax (Act 60); where we are now (the combined Acts 60/68); and where we could be if we adopted our fair tax proposals.
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|Before Act 60||Current system:|
|Local school districts set school budgets & make school spending decisions|
|Weighted pupil count – recognizing the variable costs to educate different kids|
|Statewide education fund|
|Non-residential taxes shared statewide|
|Towns with same per-pupil education spending have same tax rates|
|All Vermont kids have equal access to education resources|
|Taxes based on ability to pay|
|Eliminates homestead property tax for schools entirely|
|Eliminates the influence of local changes in home values on school tax rates|
|School tax payments spread out over the year|