State Tax in Vermont

All Vermont income tax returns are to due for the 15th of April or the next business day if the 15th is a holiday or if it falls on a weekend.

The State income taxes for single taxpayers in Vermont:

  • 3.6 per cent on the first $31,850 of taxable income.
  • 7.2 per cent on taxable income between $31,851 and $77,100.
  • 8.5 per cent on taxable income between $77,101 and $160,850.
  • Nine per cent on taxable income between $160,851 and $349,700.
  • 9.5 per cent on taxable income of $349,701 and above.

 

The State income taxes for joint taxpayers in Vermont:

  • 3.6 per cent on the first $53,150 of taxable income.
  • 7.2 per cent on taxable income between $53,151 and $128,500.
  • 8.5 per cent on taxable income between $128,501 and $195,850.
  • Nine per cent on taxable income between $195,851 and $349,700.
  • 9.5 per cent on taxable income of $349,701 and above.

 

Sales Tax and Taxation Law in Vermont

There is a general sales tax of six per cent in Vermont. The great State of Vermont also levies a use tax.

The tax on gasoline is 20 cents a gallon and diesel is taxed 26 cents per gallon. This is exclusive of local taxes which can be between one to three cents per gallon. A pack of 20 cigarettes is taxed at $ 1.79 in the great State of Vermont.

Property and Inheritance Tax in The Great State of Vermont

In Vermont Property Tax is levied to support education and municipal services provided. School Property Tax and Municipal Property Tax are two separate taxes that support these taxes. Both taxes are assessed and billed by the local Government body. There is no Inheritance Tax in the great State of Vermont.

Vermont Department of Taxes 

Presently Vermont Department of Taxes is an integral part of Agency of Administration, Vermont. Michael K. Smith holds the honorable office of the Secretary of Administration in the great State of Vermont.

Stats for State Tax in The Great State of Vermont

In 2004 The State of Vermont collected $ 922,000,000 in revenue. This equated to average revenue per capita of $ 1,483.76 for the State of Vermont which is roughly 4.83 per cent.

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