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Will Burlington Tax Hike Cause Rents To Rise?

(Pictured above, Burlington Assessor John Vickery)

A group of Burlington Landlords continue to fight the city assessor's office on a tax increase the landlords say will result in higher rents. VTDigger's Morgan True, in his March 23rd article, lays out both sides of the argument. The city says the properties in question are significantly under-assessed, resulting in lost tax revenue. The landlords argue that significant tax increases will make it challenging to operate their businesses profitably, resulting in sharply higher rents. 

Read the full piece from VTDigger here

Reach out to the LipVT team if you have any real estate needs or questions.

 

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