Instructions for VT Form LV-314 Request for Withdrawal From the Use Value Appraisal Program - Vermont

VT Form LV-314 Request for Withdrawal From the Use Value Appraisal Program - Vermont

This document contains official instructions for VT Form LV-314 , Request for Withdrawal From the Use Value Appraisal Program - a form released and collected by the Vermont Department of Taxes. An up-to-date fillable VT Form LV-314 is available for download through this link.

FAQ

Q: What is VT Form LV-314?
A: VT Form LV-314 is the Request for Withdrawal From the Use Value Appraisal Program in Vermont.

Q: What is the Use Value Appraisal Program in Vermont?
A: The Use Value Appraisal Program is a program in Vermont that provides reduced property tax assessments for agricultural and forestland.

Q: Who can use VT Form LV-314?
A: VT Form LV-314 can be used by property owners who wish to withdraw their land from the Use Value Appraisal Program.

Q: Why would someone want to withdraw from the Use Value Appraisal Program?
A: There could be various reasons for someone to withdraw from the Use Value Appraisal Program, such as changing land use or no longer meeting program requirements.

Q: What information is required on VT Form LV-314?
A: VT Form LV-314 requires information about the property owner, property location, and reason for withdrawal from the Use Value Appraisal Program.

Q: Are there any fees associated with submitting VT Form LV-314?
A: There is a $50 fee for submitting VT Form LV-314.

Q: What is the deadline for submitting VT Form LV-314?
A: VT Form LV-314 must be submitted to the town assessor's office by September 1st of the year preceding the tax year for which withdrawal is requested.