Steven K-Brooks | Seven Days | Vermont's Independent Voice

Steven K-Brooks 
Member since Feb 6, 2019


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Re: “Gains and Losses: Would a Land Tax Repeal Spark Growth or Sprawl?

"Now Tatro worries he'll have to either slow down the development of the site, which includes dozens of new homes, to limit his exposure to the tax, or pass the cost on to home buyers who can often ill afford it.

"Who really gets hurt here is the end buyer," Tatro said."

Wait a minute... isn't the land gains tax waived if the buyer certifies that they will locate their primary home on the property within a year after purchase? In saying that the cost of the tax gets passed "on to home buyers who can ill afford it," perhaps Tatro is just talking about buyers of second homes. But, whether intended or not, the quote is deception in its effect.

Undoubtedly there have been unintended consequence of Vermont's Land Gains Tax, which we need to discuss. But let's have a full and fair discussion based on accurate facts.

4 likes, 1 dislike
Posted by Steven K-Brooks on 02/06/2019 at 8:21 PM

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