City of Burlington, Vermont City of Burlington, Vermont

City Assessor / City Hall Room 17
Phone: 802-865-7114 / Fax: 802-865-7116

Equalization Analysis 2017 for tax year 2018

Reassessment for Tax Equalization Purposes

Dear property owner,

Over the past ten years, the overall market value for real estate has changed, from the property values set for 2006, as a result of the last city wide reappraisal. Demand for Burlington property has resulted in most property values increasing since 2006.  Similar to most real estate markets, market value change has not been uniform among all property types or locations. As a result, property taxation inequities have evolved over the past ten years since the completion of the city wide reappraisal. Each year the Assessor’s Office conducts statistical studies to determine the overall level of appraisal (LOA) of all properties and the LOA of each class of property in an effort to better understand the fairness of the property tax burden. Regarding Vermont law, the goal is to have fair property appraised values so that the tax burden is spread evenly among all taxable properties. The study can be downloaded by clicking the link at the bottom of this letter.

Part of the process of these statistical studies involves annual market sales reviews. Each year, the City Assessor’s office and the State Tax Department measure the level of appraisal (LOA) - the relationship of current market sales to the appraised values. As of this writing, the determined overall LOA in Burlington is 84%.

If every taxable property was within 5% of the 84% LOA, then the tax burden would be evenly distributed. Most properties are appraised within 10% of the LOA. This is an indication of a fair distribution of the tax burden.

The City Assessors office wants fair appraised values for all taxpayers. The equalization analysis study helps us understand the equities and inequities in assessments. The LOA’s for major category of property is compared to the overall LOA. If the category LOA is outside of 15% of the overall LOA, then that category is deemed to be inequitable and a plan for correction is needed.

The same analysis is conducted on the assessment districts of those categories. This will indicate areas of town for which a category has fair or unfair appraised valuations.

The most recent equalization analysis indicates that all categories are <15% of the overall LOA. However, when each category is reduced to the categories assessment district, we found inequities greater than 15%. This indicates unfair property appraised values. 

Click this link to obtain the Equalization Analysis Summary Report

Click this link to obtain an Income and Expense Survey Form

Click the individual links below to obtain the Equalization Analysis for catagory and neighborhood:

1 Residential Sales in 2015

2 Residential Sales in 2014 and 2015

3 Residential Sales in 2014, 2015 and 2016

4 Residential Sales in 2015 1-family

5 Residential Sales in 2014, 2015 and 9.2016 1-family

6 Residential Sales in 2015 Condos

7 Residential 2014, 2015 and 9.2016 condos

8 two-family sales in 2015

9 two family sales 2014, 2015 and to 9.2016

10 three family sales in 2015

11 three family 2014, 2015 to 9.2016

12 Apt sales 2015

13 Apt sales 2014, 2015 and to 9.2016

14 R1 by NBC 2015

14 RC by NBC 2014 2015 9.2016

14 RC by NBC 2015

14 Single family by NBC 2014 2015 9.2016

14 Summary data R1 and RC assessment district

15 R2 by NBC 2013 to 9.2015

15 Summary Data R@ by assmt. dist.

16 R3 by assmt. dist. 2014 to 9.2016

17 Summary data R4 Apts. by Assmt dist. 2014 to 9.2016

18 commercials 2014 to 9.2016

 

 

 

 

 

 

 

 

 
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