H 497 Vermont House · 2023-2024 Regular Session

An act relating to appraising properties with accessibility or environmental features

This bill requires real estate appraisers to include accessibility and environmental features when valuing properties, preventing these features from being excluded from the final valuation. If an appraiser cannot find comparable properties in the immediate area, they must either expand their search to include similar properties with these features or use a cost-based valuation method instead. The legislation directly affects property appraisers, real estate professionals, and homeowners whose property values may be influenced by features like wheelchair accessibility or energy efficiency. By mandating that these characteristics be considered in appraisals, the bill aims to ensure fairer property valuations that reflect the true market value of such properties.
Bill status introduced 1 of 4 stages cleared
Introduction
Mar 2023
Committee Review
Floor Vote
Governor
Introduced Mar 29, 2023 Last action Mar 29, 2023
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Mar 29, 2023
Introduced
Read first time and referred to the Committee on Ways and Means
lower
1 primary · 0 co-sponsors

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