State of VT legislature, via veto override, just passed a new non-primary home transfer tax of 3.66% to go into effect 8/1. In addition, they passed a 14% increase in property taxes plus an increase of room tax from 9% to 12% impacting short term rentals. Aggressively trying to dissuade outside investment (aka flatlanders)… I’m looking at a min of $10K more in closing costs based on the transfer tax increase.
