# Vermont — Real estate transfer tax by state: rate, who pays, brackets and first-time buyer relief

For Vermont, tax name is Property Transfer Tax; state rate is The amount of the tax equals 1.25 percent of the value of the property transferred, or $1.00, whichever is greater; rate brackets is With respect to the transfer of property to be used for the principal residence of the transferee, the tax shall be imposed at the rate of 0.5 percent of the first $200,000.00 in value of the property transferred and at the rate of 1.25 percent of the value of the property transferred in excess of $200,000.00; citation is 32 V.S.A. § 9602, verified against its source on 2026-08-31.

- **State:** Vermont _(our reading, not quoted from the source)_
- **Tax name:** Property Transfer Tax _(verified: appears in the quote below)_
- **State rate:** The amount of the tax equals 1.25 percent of the value of the property transferred, or $1.00, whichever is greater _(verified: appears in the quote below)_
- **Rate brackets:** With respect to the transfer of property to be used for the principal residence of the transferee, the tax shall be imposed at the rate of 0.5 percent of the first $200,000.00 in value of the property transferred and at the rate of 1.25 percent of the value of the property transferred in excess of $200,000.00 _(verified: appears in the quote below)_
- **Citation:** 32 V.S.A. § 9602 _(verified: appears in the quote below)_
- **Who pays:** The tax imposed by this chapter upon any transfer of title to property is the liability of the transferee of the title, unless fixed otherwise by agreement of the parties. _(per legislature.vermont.gov, not stated by the source above)_

## What the source says

> Title 32 : Taxation and Finance Chapter 231 : Property Transfer Tax (Cite as: 32 V.S.A. § 9602) § 9602. Tax on transfer of title to property A tax is hereby imposed upon the transfer by deed of title to property located in this State, or a transfer or acquisition of a controlling interest in any person with title to property in this State. The amount of the tax equals 1.25 percent of the value of the property transferred, or $1.00, whichever is greater, except as follows: (1) With respect to the transfer of property to be used for the principal residence of the transferee, the tax shall be imposed at the rate of 0.5 percent of the first $200,000.00 in value of the property transferred and at the rate of 1.25 percent of the value of the property transferred in excess of $200,000.00, except that no tax shall be imposed on the first $250,000.00 in value of the property transferred if the purchaser obtains a purchase money mortgage funded in part with a homeland grant through the Vermont Housing and Conservation Trust Fund or that the Vermont Housing and Finance Agency or U.S. Department of Agriculture and Rural Development has committed to make or purchase; and tax at the rate of 1.25 percent shall be imposed on the value of that property in excess of $250,000.00.

## The source states this two ways

The same publisher states this differently in more than one place. Each version is reproduced with the page it came from.

### Citation

legislature.vermont.gov says citation is **32 V.S.A. § 9602**, as of 2026-08-31.

> Title 32 : Taxation and Finance Chapter 231 : Property Transfer Tax (Cite as: 32 V.S.A. § 9602) § 9602. Tax on transfer of title to property A tax is hereby imposed upon the transfer by deed of title to property located in this State, or a transfer or acquisition of a controlling interest in any person with title to property in this State. The amount of the tax equals 1.25 percent of the value of the property transferred, or $1.00, whichever is greater, except as follows: (1) With respect to the transfer of property to be used for the principal residence of the transferee, the tax shall be imposed at the rate of 0.5 percent of the first $200,000.00 in value of the property transferred and at the rate of 1.25 percent of the value of the property transferred in excess of $200,000.00, except that no tax shall be imposed on the first $250,000.00 in value of the property transferred if the purchaser obtains a purchase money mortgage funded in part with a homeland grant through the Vermont Housing and Conservation Trust Fund or that the Vermont Housing and Finance Agency or U.S. Department of Agriculture and Rural Development has committed to make or purchase; and tax at the rate of 1.25 percent shall be imposed on the value of that property in excess of $250,000.00.

Source: https://legislature.vermont.gov/statutes/section/32/231/09602

legislature.vermont.gov says citation is **32 V.S.A. § 9604**, as of 2026-08-31.

> Title 32 : Taxation and Finance Chapter 231 : Property Transfer Tax (Cite as: 32 V.S.A. § 9604) § 9604. Liability for tax The tax imposed by this chapter upon any transfer of title to property is the liability of the transferee of the title, unless fixed otherwise by agreement of the parties.

Source: https://legislature.vermont.gov/statutes/section/32/231/09604


## Source

- https://legislature.vermont.gov/statutes/section/32/231/09602
- https://legislature.vermont.gov/statutes/section/32/231/09604

Last verified: 2026-08-31. Review by: 2027-08-31.
Part of [Real estate transfer tax by state: rate, who pays, brackets and first-time buyer relief](https://referencesource.org/state-real-estate-transfer-tax/).