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Terms Used In Vermont Statutes Title 32 Sec. 3609

  • Appraisal: A determination of property value.
  • Personal estate: shall include all property other than real estate. See

§ 3609. Perpetual or redeemable leases

Perpetual or redeemable leases upon which rent is reserved, except of lands exempt from taxation, shall have an appraisal value as personal estate at a sum of which the rent is six percent. (Amended 1965, No. 45.)