Opening
Located along the eastern shore of Lake Champlain, Addison is a rural farming community with lakefront homes, productive farmland, and open countryside. Like many Vermont towns, its property assessments had gradually drifted away from current market values over time.
Now, Addison has become one of the first municipalities to publicly release the complete results of its Act 68 reappraisal. Rather than publishing only summary totals, the town released a comprehensive valuation book showing every property’s previous and new assessment, providing one of the most transparent public records available during Vermont’s statewide reassessment effort.
The Numbers
According to Addison’s official valuation records:
Previous Grand List $231,920,200
Current Grand List $428,972,300
Dollar Increase $197,052,100
Percent Increase 84.97%
The grand list is the total assessed value of taxable property within the municipality and serves as the foundation for calculating municipal and education property taxes.
The Reassessment Wasn’t Optional
Addison completed its 2026 reappraisal after falling below Vermont’s 70% Common Level of Appraisal (CLA) threshold, requiring the town to conduct a town-wide reassessment under state law.
What the Town Told Residents
The Town of Addison encouraged property owners to review their new assessments, examine their property record cards, and use the informal review and grievance process if they believed their assessments were inaccurate.
To improve transparency, the town also published a complete valuation book listing every parcel’s previous assessment, current assessment, homestead value, and homesite value, allowing residents to compare assessment changes across the municipality using the same public records relied upon by the town.
The Question Everyone Is Asking
Will taxes go up?
The answer depends on more than the new assessment.
Property tax bills are determined by the final municipal tax rate, the statewide education tax rate, property tax credits, homestead status, Current Use enrollment, and how each property’s assessment changed relative to every other property in town.
At the time of publication, Addison had released its reassessment values, but the tax rates that determine actual tax bills were not included in the valuation book.
Significant Assessment Changes
Largest Dollar Increases
Green Mountain Power: +$4,170,900
Waitsfield and Champlain Valley Telecom: +$2,977,400
Kayhart Brothers Land Holdings LLC: +$2,540,000
1357 VT Route 17 East: +$1,947,400
Wood Brothers Land Company LLC: +$1,756,000
Gosliga Farm Inc.: +$1,633,500
390 Owl’s Head Harbor Road: +$1,342,800
Kayhart Gen 3 LLC: +$1,302,700
7428 VT Route 17 West: +$1,069,000
6954 VT Route 17 West: +$1,033,800
Largest Percentage Increases
1911 VT Route 17 East: +1,346%
6309 Goodrich Corner Road: +783%
The Nature Conservancy: +773%
1448 Jersey Street South: +732%
2007 Mountain Road: +693%
2099 Mountain Road: +643%
Kayhart Brothers Land Holdings LLC (550 Country Club Road): +631%
Kayhart Gen 3 LLC: +625%
599 Bush Lane: +620%
152 VT Route 17 East: +618%
Largest Decreases
The largest dollar decrease identified in the valuation book was at 602 Jersey Street, where the assessment declined from $23,800 to $13,100 (-45%).
The largest percentage decrease identified was at 6640 VT Route 125, where a travel trailer declined from $2,400 to $800 (-66.7%).
Why This Matters
Addison is the second completed VT4VT municipal case study documenting Vermont’s Act 68 reassessment process.
Beyond the overall 85% increase in the town’s grand list, the parcel-level records show that assessment changes varied widely. Some properties increased modestly, while others more than doubled. Vacant land, utilities, farms, waterfront properties, and large residential parcels often experienced some of the largest increases, while a small number of properties actually declined.
As more municipalities complete their reassessments, VT4VT will apply this same methodology to every town, allowing direct comparisons across Vermont using official public records.
What We Know
Addison completed its Act 68 reappraisal.
The town’s grand list increased by approximately 85%.
The town published parcel-level assessment records.
Most properties increased, while a small number decreased.
Property owners were provided an opportunity to review and appeal their assessments.
What We Don’t Know Yet
Final FY2027 education tax rate.
Final municipal tax rate.
Revenue-neutral tax rate.
Final property tax bills.
How the reassessment will redistribute the tax burden once tax rates are finalized.
Conclusion
The assessments are now public.
The tax bills come next.
Addison provides one of the earliest complete public-record snapshots of Vermont’s statewide reassessment effort. As more municipalities complete their reappraisals, VT4VT will continue documenting the results using the same methodology, building a permanent statewide database of Vermont property assessments.
Help Build Vermont’s Largest Property Tax Database
VT4VT is building a permanent statewide database documenting Vermont’s Act 68 reassessments.
You can help by:
Completing the Vermont Reassessment Survey.
Sharing reassessment notices.
Sharing municipal tax rates.
Sharing final property tax bills.
Visit VT4VT.com to explore reports, research, and resources.
Sources
Vermont Department of Taxes.
Vermont Act 68 and related public records.
Research Disclosure
Research assistance was provided using OpenAI ChatGPT, Google Gemini, Grok, and independent researchers.
Primary public records remain the authoritative source. Calculations, comparisons, and analyses should be independently verified.
VT4VT Report Information
Series: VT4VT Town Reassessment Report
Report ID: VT4VT-FY2027-002
Town: Addison, Vermont
County: Addison County
Tax Year: FY2027
Report Version: 1.0
Status: Draft
Original Publication: June 2026
Last Updated: June 2026
This report is part of VT4VT’s statewide public-record analysis of Vermont’s Act 68 property reassessments. Each municipality receives a permanent Report ID, while future revisions update the report version without changing the original citation.
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