Vermont
By the Numbers

Vermont Below is a snapshot of key features of Vermont's tax system. (Scroll Down)
Personal Income Tax Features (2015)
  • Range of Tax Rates: 3.55% - 8.95%
  • Standard Deduction: $6,300 ($12,600 for Married Couples)
  • Personal Exemption: $4,000
  • Dependent Exemption: $4,000
  • Earned Income Tax Credit (EITC): 32% Refundable
  • Notable capital gains preference
  • Personal exemption phases out for high income levels
Corporate Income Tax Features (2015)
  • Range of Tax Rates: 6.00% - 8.50%
  • Income Level at Which Top Rate Applies: $25,000
  • Combined Reporting: Yes
  • Apportionment Factor (Payroll): 25%
  • Apportionment Factor (Property): 25%
  • Apportionment Factor (Sales): 50%
Sales Tax Features (2015)
  • State Sales Tax Rate: 6.00%
  • Average Local Sales Tax Rate: 0.1%
  • Average Combined State & Local Sales Tax Rate: 6.1%
  • State Sales Tax Treatment of Groceries: Exempt
  • Local Sales Tax Treatment of Groceries: Exempt
  • Number of Services Taxed: 32 out of 168 surveyed (2007)
  • Streamlined Sales Tax Membership: Full
  • Sales tax applies to digital goods and services
Property Tax Features (2015)
  • Provides a circuit breaker for homeowners and renters of all ages
  • Levies statewide uniform property tax.
Other Tax & Revenue Features (2015)
  • Gasoline Tax Rate (per gallon): $0.320
  • Diesel Tax Rate (per gallon): $0.31
  • Cigarette Tax Rate (per pack): $2.75
  • Estate or Inheritance Tax: Yes
  • Net Lottery Sales Per Capita: $147 (2010)
Tax Policy Oversight
  • Tax Expenditure Report: Yes
  • Tax Incidence Analysis Capability: Personal income tax only

Last Updated January 13, 2015

Sources & Glossary