December 6, 2024: It's that time of year again! If you're a tax nerd, it's exciting. For taxpayers, maybe not so much. The state Department of Taxes has released its annual December 1 education tax rate letter. In this letter, the department forecasts expected education tax rates and any projected increases. 

For FY26, the department projects a 5.9% increase in the average property tax bill.

The Montpelier Happy Hour's Regular Contributor and resident tax expert, Representative Emilie Kornheiser, explains what all this means.

To read the letter in full: https://tax.vermont.gov/press-release/commissioner-taxes-releases-fy2026-education-tax-rate-letter

Theme music by Red Heart the Ticker: http://rhtt.net