An act relating to setting the homestead property tax yields and the nonhomestead property tax rate

H 491 sets specific property tax yields and rates for fiscal year 2026 in Vermont. It establishes the property dollar equivalent yield at $8,596.00 and the income dollar equivalent yield at $12,172.00. The bill also determines the nonhomestead property tax rate to be $1.703 per $100.00 of equalized education property value. Additionally, it amends the definition of "equalized value of the housesite" for tax purposes. These provisions directly affect property owners by defining components of their education property taxes for the specified fiscal year.