Instructions for Form HS-122 Homestead Declaration and Property Tax Adjustment Claim - Vermont

VT Form HS-122 Vermont Homestead Declaration and Property Tax Adjustment Claim - Vermont

This document contains official instructions for Form HS-122 , Homestead Declaration and Property Tax Adjustment Claim - a form released and collected by the Vermont Department of Taxes. An up-to-date fillable VT Form HS-122 is available for download through this link.

FAQ

Q: What is form HS-122?
A: Form HS-122 is the Homestead Declaration and Property Tax Adjustment Claim form in Vermont.

Q: What is the purpose of form HS-122?
A: The purpose of form HS-122 is to declare your property as a homestead and to claim property tax adjustment in Vermont.

Q: Who needs to file form HS-122?
A: Any Vermont resident who owns and occupies a property as their primary residence needs to file form HS-122.

Q: When do I need to file form HS-122?
A: Form HS-122 needs to be filed annually by April 15th.

Q: What is a homestead declaration?
A: A homestead declaration is a legal document that designates a property as a primary residence, qualifying for certain tax benefits and protections.

Q: What is a property tax adjustment claim?
A: A property tax adjustment claim is a request for a reduction in property taxes based on one's income and property value.

Q: What documents do I need to include with form HS-122?
A: You may need to include copies of your federal tax return, income documentation, and property tax bills with form HS-122.

Q: How long does it take to process form HS-122?
A: It generally takes 8-12 weeks to process form HS-122.

Q: What happens if I don't file form HS-122?
A: Failure to file form HS-122 may result in losing property tax benefits and protections in Vermont.