The Vermont Statutes Online
AGRICULTURAL LAND DEVELOPMENT RIGHTS ACQUISITION PROGRAM
acquisition of development rights by the state, the agricultural landowner
shall be taxed, under 32 V.S.A. chapter 123, upon the fair market value of the
remaining rights or interests to which title is retained. The department of
taxes and the municipality assessing the tax shall cooperate with the landowner
in determining the fair market value of the remaining rights or interests.
(Added 1987, No. 200 (Adj. Sess.), § 63, eff. May 19, 1988.)