Land Gains Tax – Vermont
The state of Vermont uses a Land Gains Tax to protect rural land from short-term speculation. First effective in 1973, the tax imposes very high taxes on sales of land held a short time and sold for a large profit.
The land gains tax is imposed on the gain from the sale or exchange of Vermont land that was held less than six years, and the land is not part of the first ten acres beneath or contiguous to the seller’s principal residence.