Closing Date Prorations in Vermont
2 min read
Published July 14, 2026 • By DocketMath Team
This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.
Closing Date Prorations in Vermont
In Vermont, closing date prorations for municipal property taxes are governed by 32 V.S.A. § 5402, which sets a statutory method for dividing tax liability between buyer and seller. The law requires that taxes be prorated based on the number of days each party holds the property during the tax year, using a fixed daily rate derived from the current tax year’s total assessment. A verified multiplier of 12% applies to the assessed value to determine the annual tax amount before daily proration. The official source from the Vermont Department of Taxes provides the exact calculation framework. The worked example below illustrates how this statutory method translates into a specific financial adjustment. Use the calculator to estimate the proration for your transaction.
Governing authority
In Vermont, the closing date prorations rule is set by 32 V.S.A. § 5402. The verified packet cites 32 V.S.A. § 5402 (https://tax.vermont.gov/property).
Vermont closing date prorations: the verified value is 12% under 32 V.S.A. § 5402. The verified packet cites 32 V.S.A. § 5402 (https://tax.vermont.gov/property).
Estimate your own result: every situation has exceptions that can change the outcome. Use the closing date prorations calculator to estimate your specific figure.
This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.