The Vermont Supreme Court has issued a decision on the Lesage, McNeil and Mostrom v. Colchester case and the Marchelewicz v. Colchester case regarding the assessment of location-related factors in Colchester’s taxation of seasonal properties on leased lands. The Supreme Court has ruled in favor of the Town and determined that the 2011 Grand List values for buildings on leased land shall be valued at the buildings’ Fair Market Value (FMV), as all other taxable real estate is valued for tax purposes.
Selectboard Chairwoman Nadine Scibek expressed relief about the Supreme Court’s decision because of the potential impact an adverse decision by the Vermont Supreme Court would have had on all Colchester taxpayers and said, “Deciding to appeal in this complex case was extremely difficult for the Selectboard for many reasons, but it was something that we had to do in order to obtain direction from Vermont’s highest court on how property owners on leased land should be taxed since Vermont law is not clear. The Town seeks to be fair and equitable to all taxpayers. We are very pleased with the Supreme Court’s decision, and we hope that everyone in our great town will come together and move forward as a unified Colchester.”
To view the formal press release, please click here.
For more information, please contact Brian Monahan, Esq. at (802) 660-4735 or Town of Colchester Assessor Robert Vickery at (802) 264-5671.
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