The Lister’s are responsible for the preparation and overall maintenance of the Grand List, a comprehensive list of every property in Canaan, ensuring that it is as accurate and equitable as possible.
The Listing (valuation) year runs from April 1st to the following March 31st. Thus for any given year, the owner and condition of the property is effective as of April 1st. We recorded 49 property transfers, which included transfers between family members, transfers to trusts, or sales to abutters. Thirty-five properties are in the current use program. The Lister’s are responsible for appraising all real property in Canaan in compliance with applicable Vermont State statutes. The duties also include updating changes resulting from building permits, address changes, work with tax maps, and maintaining the State’s Current Use program. The Lister’s periodically inspect properties in order to keep data current. Typically, the Lister’s perform exterior inspections of new and existing structures. Whenever possible an interior inspection is done. Without an interior inspection, errors in reporting can occur, which may not be in favor of the taxpayer. Please note any changes made as a result of an inspection represent data corrections only, not market adjustments.
Municipalities are required to reappraise all property if their common level of appraisal (CLA) falls below 80 percent (Canaan is 107.28%) or the coefficient of dispersion, a measure of uniformity of appraisal, is above 20 percent (Canaan is 18.57%). 32 V.S.A. § 4041a. An ongoing analysis of the market and keeping abreast of changes in properties can make reappraisals less costly. The common level of appraisal and coefficient of dispersion are determined annually by the Department of Taxes. If the town is notified that a reappraisal must be conducted, the Town is given an opportunity to develop a plan to comply with the reappraisal order. If the CLA falls below 80% or the COD is above 20% we will recommend to the Selectboard that a reappraisal be conducted at this time. An appraisal for this year was not needed.
Please remember to file your Homestead Declaration (HS-122) and Household Income (HI-144) by April 15, 2016 to avoid any late penalty fees.