Vermont Tax Reports

This list provides links to official reports and studies by nonpartisan nonprofit groups about Vermont’s tax structure, in support of our mission to ensure adequate funding for the VSCS. This posting does not imply a particular stance by VSCS Thrive! on the relationship of Vermont tax structure to achieving our goals.

Among other things, these reports provide data suggesting that Vermont, over the time periods addressed, has been or is:

  • Relatively progressive on income tax.
  • Relatively regressive on municipal and property tax.
  • Has roughly average property tax levels compared with neighboring states.
  • Is losing many lower income residents, but at the same time gaining a much smaller number of very high income (and mostly younger) residents, such that the tax base itself has only declined slightly.
  • Potentially in danger of tax revenue declines due to aging of the population.
  • Is ranked “bad for business” in terms of tax policy by entities such as Forbes, but at the same time actually ranks better than many of the states ranked “best for business” by these same entities in terms of per capita income and GDP growth.
  • The Vermont Public Assets Institute estimates that already identified tax reforms might be able to save about $25 million, which is roughly the additional increase need to raise VSCS’s funding to the 30% level from it’s present 17% level.

Links to Reports