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PAGE Â 2 Â â€” Â A Â Special Â Publication Â of Â The Â Addison Â Independent, Â Monday, Â July Â 9, Â 2012
Balance (Continued Â from Â Page Â 1) own Â a Â home Â for Â a Â smaller Â monthly Â payment Â than Â ever Â before. Â Renters Â are Â therefore Â looking Â to Â buy, Â and Â with Â them Â the Â interested Â pool Â of Â buyers Â has Â shot Â up Â in Â recent Â months, Â giving Â homes Â on Â the Â market Â more Â attention. This Â is Â clearly Â good Â news Â for Â sellers. Â According Â to Â the Â Northern Â New Â England Â Real Â Estate Â Information Â Network, Â the Â sales Â of Â single-Âfamily Â homes Â are Â up Â 8.75 Â percent Â from Â last Â year Â during Â the Â spring Â period Â (April Â through Â June). These Â same Â factors Â also Â make Â the Â current Â market Â rosier Â for Â sellers. Although Â this Â may Â seem Â like Â a Â drastic Â change Â from Â the Â dull Â prospects Â of Â previous Â years Â in Â the Â real Â estate Â market, Â the Â current Â buying Â and Â selling Â climate Â is Â a Â product Â of Â the Â nature Â of Â â€œThe market is real Â estate, Â experts Â said. Â Bonnie Â Gridley, Â owner Â dynamic. of Â RE/MAX Â Champlain Â Valley Â Properties, Â said Â that Â Many FRQVWDQW Ă€X[ LV RQH DVSHFW people the Â market Â that Â many Â donâ€™t un- of Â people Â forget. derstand â€œThe Â market Â is Â dynamic. Â Many Â people Â donâ€™t Â that evunderstand Â that Â every Â ery time time Â a Â house Â comes Â onto Â a house the Â market Â or Â one Â goes Â comes under Â contract Â and Â sells, Â the Â market Â changes,â€? Â said Â onto the Gridley. Â â€œThe Â availability Â market of Â money Â and Â loans Â and Â the Â or one lending Â climate Â contributes Â goes un- to Â the Â market, Â as Â well Â as Â the Â local Â job Â market Â and Â der conof Â the Â area Â ... Â as Â tract and economy Â well Â as Â the Â country Â and Â the Â sells, the world.â€? In Â light Â of Â these Â constant Â market changes, Â it Â is Â important Â changes.â€? for Â both Â buyers Â and Â sellers Â â€” Bonnie to Â note Â market Â strategies. Â Gridley, Gridley Â said Â that Â the Â best Â owner of move Â for Â buyers Â starting Â RE/MAX the Â process Â is Â to Â work Â with Â Champlain a Â lender Â to Â take Â advantage Â Valley RI WKH FXUUHQW ÂżQDQFLDO Property situation Â and Â understand Â their Â buying Â potential. For Â sellers, Â brokers Â agree Â that Â it Â is Â worthwhile Â to Â invest Â in Â minor Â updates Â and Â time Â to Â clean Â and Â freshen Â the Â home Â before Â it Â is Â listed. Â They Â said Â sellers Â should Â be Â also Â realistic Â about Â the Â listing, Â always Â price Â to Â sell, Â and Â welcome Â any Â opportunity Â to Â show Â the Â property. Â Information Â like Â this Â can Â be Â crucial Â in Â
THE Â CURRENT Â COUNTY Â market Â is Â improving Â and Â offering Â positives Â for Â both Â buyers Â and Â sellers, Â according Â to Â local Â experts. Â Low Â inter-Â est Â rates Â and Â growing Â demand Â for Â properties Â are Â contributing Â to Â favorable Â conditions. Independent Â photo/Andrea Â Warren
avoiding Â stressful Â found. Â It Â can Â be Â very Â â€œI think more and more and Â exhausting Â home Â disappointing Â for Â a Â buying Â or Â selling. Â people will rely on and use EX\HU WR ÂżQG WKH ULJKW Bill Â Martin Â of Â Green Â technology in their everyday home Â only Â to Â have Â Tree Â Real Â Estate Â real estate transactions than someone Â else Â get Â it Â attributes Â buyersâ€™ Â ever before. Our profession in because Â you Â were Â not Â and Â sellersâ€™ Â recent Â Addison County needs more prepared.â€? success Â to Â increased Â Martin Â predicts Â that Â knowledge Â of Â the Â way Â young tech-savvy people to there Â will Â be Â a Â steady Â real Â estate Â works, Â plus Â become involved.â€? increase Â in Â the Â local Â â€” Century 21 Jack Associates real Â estate Â market, Â preparation. Â broker Neil Mackey with Â gradual Â increases Â â€œMore Â than Â ever Â buyers Â are Â educated Â in Â value. Â He Â believes Â about Â the Â home Â buying Â that Â Vermont Â and Â process,â€? Â said Â Martin. Â â€œThe Â vast Â majority Â of Â Addison Â County Â in Â particular Â are Â desirable Â buyers Â have Â also Â listened Â to Â Realtorsâ€™ Â advice Â places Â to Â live Â and Â will Â work Â to Â boost Â a Â to Â be Â pre-Âapproved Â with Â a Â lender. Â Both Â of Â market Â upturn. these Â are Â good Â for Â the Â buyers Â so Â that Â they Â As Â the Â market Â changes Â over Â the Â months Â will Â be Â ready Â when Â the Â right Â property Â is Â and Â years, Â so Â do Â the Â ways Â transactions Â are Â
handled. Â Current Â technologies Â can Â make Â it Â easier Â for Â parties Â involved Â to Â buy Â or Â sell Â KRPHV ZLWK HIÂżFLHQF\ &HQWXU\ -DFN Associates Â broker Â Neil Â Mackey Â said Â that Â the Â trends Â in Â technology Â would Â continue Â to Â motivate Â market Â changes Â in Â the Â future. â€œI Â think Â more Â and Â more Â people Â will Â rely Â on Â and Â use Â technology Â in Â their Â everyday Â real Â estate Â transactions Â than Â ever Â before,â€? Â said Â Mackey. Â â€œOur Â profession Â in Â Addison Â County Â needs Â more Â young Â tech-Âsavvy Â people Â to Â become Â involved.â€? In Â sum, Â while Â the Â buying Â and Â selling Â process Â is Â complex, Â it Â can Â be Â made Â easier Â by Â knowing Â the Â current Â real Â estate Â market. Â At Â the Â moment, Â there Â are Â advantages Â for Â buyers Â and Â sellers Â alike, Â and Â becoming Â educated Â in Â WKHVHLVWKHÂżUVWVWHSWRVXFFHVVIRUERWK
Prospect Appraisal, LLC Alyth Hescock, Certified General Real Estate Appraiser
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A Special Publication of The Addison Independent, Monday, July 9, 2012 — PAGE 3
PAGE Â 4 Â â€” Â A Â Special Â Publication Â of Â The Â Addison Â Independent, Â Monday, Â July Â 9, Â 2012
Editorsâ€™ Â note
Dream Â house
For Â all Â the Â prospective Â home Â buyers Â out Â there, Â take Â a Â minute Â to Â look Â at Â these Â interest Â rates Â â€” Â homebuyers Â today Â can Â get Â a Â mortgage Â for, Â in Â some Â cases, Â less Â than Â 4 Â percent Â interest. Â According Â to Â the Â Federal Â Home Â Loan Â Mortgage Â Corporationâ€™s Â mortgage Â market Â survey, Â these Â rates Â are Â some Â of Â the Â lowest Â on Â record Â in Â the Â last Â two Â decades. Â Which Â means, Â for Â those Â whose Â work Â and Â family Â situation Â is Â fairly Â secure Â for Â the Â next Â few Â years, Â it Â may Â be Â a Â good Â time Â to Â buy Â a Â house. Â A Â conversation Â with Â a Â ÂżQDQFLDOFRXQFLORUFDQKHOSWKRVHZKRDUH thinking Â about Â buying Â determine Â if Â now Â is Â the Â time. And Â for Â those Â selling Â a Â home, Â real Â estate Â professionals Â are Â telling Â us Â that Â that Â while Â the Â market Â has Â not Â returned Â to Â the Â glory Â days Â of Â a Â decade Â ago, Â it Â is Â certainly Â more Â active Â than Â it Â was Â two Â our Â three Â years Â ago Â in Â the Â depths Â of Â the Â recession. Â The Â National Â Association Â of Â Realtors Â recently Â reported Â that Â the Â number Â of Â people Â who Â signed Â contracts Â to Â buy Â previously Â occupied Â homes Â rose Â in Â May, Â matching Â the Â fastest Â pace Â in Â two Â years. Â Another Â real Â estate Â trade Â group Â currently Â tracking Â the Â market Â Â says Â that Â sales Â of Â single-Âfamily Â homes Â in Â Northern Â New Â England Â this Â past Â spring Â were Â up Â 8.75 Â percent Â from Â the Â same Â period Â last Â year. Â We Â hope Â readers Â will Â use Â this Â supplement Â as Â a Â guide Â to Â get Â started Â with Â buying Â or Â selling Â a Â house Â while Â interest Â rates Â are Â low Â and Â the Â market Â continues Â to Â turn Â around. Â Talk Â with Â family Â and Â friends Â who Â have Â been Â through Â the Â process, Â and Â donâ€™t Â forget Â that Â many Â real Â estate Â professionals Â have Â years Â of Â experience Â and Â resources Â that Â can Â help Â you Â buy Â or Â sell Â a Â home. â€” Â The Â editors
(Continued Â from Â Page Â 1) KDUGWRPDLQWDLQKRSHWKDWWKH\ZRXOGÂżQGVRPH-Â thing Â perfect. Â They Â were Â on Â the Â search Â for Â a Â mod-Â HUQKRPHWKDWZRXOGUHĂ€HFWWKHLUVW\OHRIOLYLQJ Moving Â into Â an Â old Â home Â did Â not Â seem Â comfort-Â DEOHIRUWKHP$WÂżUVWJODQFHPDQ\RIWKHSURSHU-Â ties Â they Â looked Â at Â seemed Â like Â great Â deals, Â but Â after Â calculating Â repairs Â and Â renovations Â needed Â WRPRGHUQL]HWKHPWRÂżWWKHLUOLIHVW\OHWUHQGVWKH resulting Â total Â cost Â suddenly Â fell Â from Â reach. Â When Â looking Â at Â houses Â built Â at Â the Â turn Â of Â the Â last Â century, Â they Â were Â unsure Â of Â the Â return Â those Â properties Â would Â yield. Â â€œSay Â the Â house Â is Â listed Â for Â $230,000, Â you Â get Â it Â for Â 220 Â or Â 225. Â That Â may Â seem Â like Â a Â pretty Â good Â deal,â€? Â Colby Â Benjamin Â said. Â â€œBut Â then Â youâ€™re Â looking Â at Â closing Â costs, Â a Â new Â roof, Â a Â new Â foun-Â dation, Â potentially Â other Â things Â that Â you Â want Â to Â change Â â€Ś Â to Â me Â I Â was Â looking Â at Â those Â houses Â and Â going Â â€˜Market Â value Â is Â 225, Â I Â have Â to Â sink Â 50,000 Â or Â 60,000 Â into Â it Â to Â get Â it Â up Â to Â where Â I Â want Â the Â house Â â€Ś Â is Â it Â ever Â going Â to Â be Â worth Â 310 Â or Â 315? Â Am Â I Â ever Â going Â to Â make Â that Â money Â EDFN"Âś'HÂżQLWHO\QRWÂ´ When Â they Â saw Â their Â current Â home, Â Benjamin Â says Â he Â knew Â right Â away. Â Âł,W ZDV WKH ÂżUVW OD\RXW WKDW ZH FRXOG SLFWXUH ourselves Â living Â in, Â and Â it Â was Â a Â price Â that Â we Â could Â afford,â€? Â he Â said. They Â moved Â quickly Â to Â put Â in Â a Â bid, Â and Â got Â it. Â With Â an Â offer Â in Â only Â a Â couple Â of Â days Â after Â of Â seeing Â it, Â they Â had Â a Â contract Â the Â next Â week, Â and Â closed Â on Â the Â property Â six Â weeks Â later. Â Looking Â back Â at Â the Â process, Â Benjamin Â recalls Â WKH GLIÂżFXOW WLPHV EXW DOVR UHFRJQL]HV WKH KHOS that Â friends Â and Â family Â provided Â along Â the Â way. Â As Â a Â son Â of Â a Â general Â contractor, Â and Â with Â more Â WKDQÂżYH\HDUVRIFDUSHQWU\H[SHULHQFHKLPVHOI Benjamin Â had Â many Â guides Â as Â a Â home Â buyer. Â The Â
THIS Â HALLADAY Â ROAD Â home Â proved Â to Â be Â just Â right Â for Â homebuyers Â Monica Â and Â Colby Â Benjamin, Â who Â found Â it Â after Â over Â a Â year Â of Â searching Â in Â Addison Â County. Independent Â photos/Christy Â Lynn
most Â helpful Â advice Â he Â was Â given, Â he Â said, Â was Â to Â â€œmake Â sure Â we Â were Â buying Â a Â house Â because Â we Â actually Â wanted Â to Â live Â here, Â and Â not Â just Â buying Â a Â house Â because Â we Â wanted Â a Â house.â€? Â It Â sounds Â simple, Â but Â Benjamin Â says Â that Â once Â they Â were Â able Â to Â answer Â â€œyesâ€? Â to Â that Â question, Â they Â were Â able Â to Â get Â serious Â about Â buying. Â Benjamin Â also Â recalls Â their Â decision Â to Â buy Â a Â (See Â Benjamins, Â Page Â 12)
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A Â Special Â Publication Â of Â The Â Addison Â Independent, Â Monday, Â July Â 9, Â 2012 Â â€” Â PAGE Â 5
Vermont (Continued Â from Â Page Â 1) percent Â increase Â from Â last Â year. Â The Â median Â sale Â last Â year. Â More Â homes Â have Â been Â introduced Â price Â of Â homes Â in Â the Â area Â is Â $185,900, Â which Â is Â to Â the Â market Â in Â recent Â months, Â generating Â a Â 13.5 Â percent Â decrease Â from Â last Â year. Â Despite Â the Â fall Â in Â home Â prices Â so Â far, Â experts Â do Â expect Â greater Â activity. Broker Â Neil Â Mackey Â of Â Century Â 21 Â Jack Â them Â to Â rise Â this Â year Â due Â to Â the Â low Â interest Â Associates Â said Â that Â one Â consequence Â of Â this Â rates Â and Â growing Â demand. Â In Â spite Â of Â some Â negative Â trends Â in Â the Â increase Â in Â options Â is Â that Â local Â buyers Â have Â regional Â and Â national Â markets, Â higher Â expectations. 9HUPRQW KDV FRQWLQXHG WR EHQHÂżW â€œThe Â buyers Â have Â more Â inventory Â â€œI expect from Â the Â recently Â lower Â costs Â of Â to Â choose Â from,â€? Â said Â Mackey. Â â€œI Â recently Â had Â buyers Â that Â looked Â the market mortgage Â funds. Â In Â April, Â Federal Â Reserve Â policy Â makers Â said Â they Â at Â 18 Â different Â properties Â before Â may slow to Â keep Â interest Â rates Â low Â making Â an Â offer Â that Â went Â under Â in the next intended Â for Â the Â foreseeable Â future. Â contract.â€? Due Â to Â factors Â like Â mortgage Â Mackey Â said Â challenges Â could Â few years DULVHIURPWKHFRQĂ€LFWLQJQHHGVDQG as interest rates Â and Â the Â general Â economy, Â the Â Addison Â County Â market Â has Â seen Â a Â wants Â of Â buyers Â and Â sellers. Â He Â said Â while Â sellers Â usually Â expect Â to Â get Â rates start sudden Â spike Â in Â activity. Â However, Â not Â all Â experts Â predict Â it Â will Â grow. Â more Â than Â their Â property Â is Â worth, Â to climb Geri Â Reilly Â Real Â Estate Â agent Â Jill Â buyers Â are Â looking Â for Â bargain Â prices. Â back up.â€? Fraga Â interprets Â this Â spring Â as Â Bringing Â these Â two Â sides Â together Â â€” Geri Reilly â€œstableâ€? Â and Â believes Â that Â the Â local Â determines Â the Â fair Â market Â value Â and Â Real Estate area Â market Â is Â not Â necessarily Â on Â the Â â€” Â if Â it Â happens Â at Â the Â current Â rate Â â€” Â agent Jill Fraga rise Â because Â rates Â may Â not Â stay Â low Â boosts Â creates Â a Â more Â active Â market. forever Â as Â demand Â rises. Â Higher Â selling Â activity Â can Â â€œI Â expect Â the Â market Â may Â slow Â in Â the Â next Â be Â partially Â attributed Â to Â Vermontâ€™s Â low Â unemployment Â rate. Â Vermont Â boasts Â the Â few Â years Â as Â interest Â rates Â start Â to Â climb Â back Â lowest Â jobless Â rate Â among Â New Â Englandâ€™s Â six Â up,â€? Â said Â Fraga. While Â Fraga Â has Â a Â slightly Â less Â optimistic Â states, Â and Â Addison Â Countyâ€™s Â relatively Â stable Â economic Â situation Â has Â boosted Â real Â estate Â outlook, Â she Â also Â says Â that Â area Â trends Â have Â demand, Â according Â to Â the Â experts Â and Â the Â stats. Â been Â positively Â focused Â around Â sustainable Â Addison Â Countyâ€™s Â pending Â listings Â have Â risen Â living. Â More Â and Â more Â attention Â has Â been Â paid Â by Â 29 Â percent Â this Â year, Â and Â homes Â have Â spent Â to Â sustainable Â aspects Â in Â homes Â and Â has Â become Â an Â average Â of Â 64 Â days Â on Â the Â market, Â a Â dramatic Â a Â popular Â point Â of Â interest Â for Â buyers Â in Â the Â area, Â something Â that Â may Â offer Â another Â positive Â view Â decrease Â from Â last Â yearâ€™s Â average Â of Â 211 Â days. According Â to Â Coldwell Â Banker Â Hickok Â and Â of Â the Â current Â state Â of Â our Â state. â€œBuyers Â seem Â to Â be Â paying Â more Â attention Â to Â Boardmanâ€™s Â Northwest Â Vermont Â early Â spring Â 2012 Â market Â report, Â Addison Â County Â recorded Â HQHUJ\HIÂżFLHQF\ZKHWKHULWEHLQWKHIRUPRI 65 Â residential Â sales Â from Â January Â to Â April, Â a Â 14 Â size, Â age Â or Â systems Â of Â the Â home,â€? Â said Â Fraga. Â
Straightforward Advice from Real Estate Professionals Â
Choose Â the Â Right Â REALTORÂŽ A Â Realtor Â with Â experience Â and Â knowledge Â will Â be Â able Â to Â provide Â you Â with Â the Â guidance Â you Â need Â to Â make Â informed Â decisions. Â Make Â sure Â you Â choose Â wisely.
Prioritizing Â Your Â Needs Â List
The Â Right Â Questions Â to Â Ask Â A Â REALTORÂŽ
Â When Â people Â decide Â to Â start Â looking Â for Â that Â perfect Â home, Â most Â have Â a Â vague Â idea Â of Â what Â they Â want. Â Â While Â itâ€™s Â helpful Â to Â not Â have Â things Â set Â in Â stone, Â it Â will Â be Â a Â plus Â for Â you Â and Â your Â Realtor Â to Â make Â a Â list Â of Â what Â features Â you Â have Â to Â have Â in Â your Â next Â home.
How long have you been in the business? Experience Â is Â key Â when Â hiring Â a Â Realtor, Â especially Â when Â it Â comes Â to Â guidance Â during Â negotiations. Â When Â selling Â a Â home, Â A Â Realtorâ€™s Â con-Â tacts Â are Â invaluable Â and Â can Â reduce Â the Â time Â your Â home Â is Â on Â the Â mar-Â ket. Â When Â buying Â a Â home, Â A Â Realtorâ€™s Â knowledge Â of Â the Â marketplace Â can Â save Â you Â time Â and Â help Â you Â avoid Â looking Â at Â homes Â that Â donâ€™t Â meet Â your Â needs. Â Whatâ€™s your best strategy to help me achieve my goals? If Â youâ€™re Â selling: Â How Â will Â you Â sell Â my Â home? Â What Â tools Â will Â you Â use Â to Â approach Â the Â sale Â of Â my Â home? Â Will Â you Â focus Â on Â one Â form Â of Â market-Â ing, Â or Â is Â your Â approach Â to Â marketing Â multi-Âfaceted? Â If Â youâ€™re Â buying: Â How Â will Â you Â help Â me Â during Â the Â Purchase Â pro-Â cess? Â What Â services Â can Â I Â expect?
Location, Â location, Â location! Â How Â many Â times Â have Â you Â heard Â this? Â It Â still Â holds Â true, Â and Â always Â will. Â You Â can Â re-Âmodel, Â re-Âdesign Â and Â land-Â scape Â but Â you Â canâ€™t Â change Â the Â location. Â Where Â you Â buy Â the Â home Â is Â just Â as Â important Â as Â the Â home, Â if Â youâ€™ve Â got Â appreciation Â of Â value Â in Â mind.
Is Â the Â kitchen Â the Â center Â of Â your Â universe Â at Â home? Â Â If Â it Â is, Â a Â great Â kitch-Â HQZLWKDOOWKHHIÂżFLHQFLHVDSSOLDQFHVDQGFRQYHQLHQFHVLVDPXVW'R you Â spend Â a Â lot Â of Â time Â outside? Â Youâ€™ll Â want Â to Â have Â some Â outdoor Â living Â space Â such Â as Â a Â deck Â or Â patio. Â Love Â to Â work Â out? Â Youâ€™ll Â need Â space Â for Â your Â exercise Â equipment.
Home Â Inspections
Once Â you Â know Â what Â you Â can Â and Â canâ€™t Â live Â without, Â prioritize. Â What Â if Â the Â house Â doesnâ€™t Â have Â the Â perfect Â indoor Â gym Â space? Â Is Â there Â room Â to Â create Â it Â or Â is Â this Â a Â compromise Â youâ€™re Â not Â willing Â to Â make? Â Once Â you Â have Â the Â list, Â communicate Â with Â your Â Realtor. Â They Â can Â make Â your Â wants Â and Â needs Â a Â reality Â with Â a Â little Â help Â from Â you! Â Â Â
A Â home Â inspection Â is Â a Â sound Â investment Â â€” Â it Â could Â save Â you Â thou-Â sands Â of Â dollars! Â A Â professional Â home Â inspector Â will Â examine Â structural, Â mechanical, Â electrical, Â plumbing Â and Â heating Â as Â well Â as Â other Â systems, Â and Â can Â help Â you Â make Â informed Â decisions.
Your Â Lender Â and Â Your Â Loan
Choose Â your Â lender Â wisely Â and Â make Â sure Â the Â loan Â program Â is Â appro-Â SULDWHIRU\RX$JRRGOHQGHUZLOOWDNHWKHWLPHWRÂżQGWKHORDQWKDWÂśV best Â for Â you.
Buy Â a Â Home Â You Â Can Â Afford
Use Â a Â lenderâ€™s Â guidelines Â and Â your Â family Â budget Â to Â decide Â how Â much Â house Â you Â can Â afford. Â You Â want Â to Â get Â the Â most Â house Â for Â your Â money Â without Â over Â extending Â yourself.
Buy Â a Â Home Â You Â Like
Buying Â a Â home Â can Â be Â an Â emotional Â decision Â for Â you Â and Â your Â fam-Â ily. Â Think Â it Â through Â and Â weigh Â the Â pros Â and Â cons. Â Â Itâ€™s Â OK Â to Â garner Â input Â from Â family Â and Â friends, Â just Â remember Â that Â youâ€™re Â the Â one Â that Â KDVWKHÂżQDOZRUGEHFDXVHRQO\\RXNQRZZKDWÂśVEHVWIRU\RX Â
Do you have references, and would you be willing to let me con-Â tact your former clients? Â Â Ask Â former Â clients/customers Â what Â their Â experience Â with Â the Â Realtor Â was Â like, Â how Â they Â handled Â details Â and Â how Â their Â team Â worked Â together. What havenâ€™t I asked you that I need to know? There Â will Â always Â be Â questions. Â How Â a Â Realtor Â answers Â them Â can Â tell Â you Â a Â lot Â about Â their Â knowledge Â and Â how Â you Â will Â interact. Â You Â want Â a Â Realtor Â who Â hears Â you, Â addresses Â your Â concerns Â and Â deals Â head-Âon Â with Â any Â questions Â you Â may Â have.
Ingrid Punderson Jackson Real Estate 44 Main Street Middlebury, VT 05753 802-388-4242
PAGE Â 6 Â â€” Â A Â Special Â Publication Â of Â The Â Addison Â Independent, Â Monday, Â July Â 9, Â 2012
Low Â rates, Â programs Â seen Â helping Â many Â homebuyers By Â LAUREN Â DAVIDSON 0,''/(%85<Â²$VUHFHQWIDFWVDQGÂ¿J-Â ures Â demonstrate, Â individuals Â in Â the Â home-Â EX\LQJPDUNHWPD\EHLQOXFN6RIDU has Â proved Â to Â be Â beneficial Â to Â Addison Â &RXQW\KRPHEX\HUV The Â Addison Â Independent Â recently Â VSRNH ZLWK 6DUDK$ 3 &RZDQ VHQLRU vice Â president Â and Â loan Â de-Â SDUWPHQW PDQDJHU RI WKH 1DWLRQDO %DQN RI 0LGGOHEXU\ WR JHW KHUWKRXJKWVDERXW the Â current Â area Â real Â estate Â mar-Â NHW 7KH VKRUW question Â and Â answer Â outlines Â WKH EDQNLQJ SHU-Â spective Â on Â home Â EX\LQJ LQ $GGLVRQ &RXQW\ Q: Â What Â have Â you Â no-Â ticed Â about Â the Â real Â estate Â mar-Â NHWLQ$GGLVRQ&RXQW\" $ -XVW GULYLQJ LQ WKH DUHD \RX FDQ VHH WKHUHDUHDORWRIÂ³)RU6DOHÂ´VLJQV7KHUHDUH FXUUHQWO\ SHQGLQJ FRQWUDFWV RQ KRPHV ZKLFKLVDVLJQRIDQLQFUHDVHLQPDUNHWGH-Â PDQG7KLVLVYHU\JRRGQHZVDQGUHIOHFWV DSRVLWLYHFKDQJHLQWKHHFRQRP\ Q: Â A Â tax Â credit Â was Â available Â for Â first-Â WLPHKRPHEX\HUVLQSUHYLRXV\HDUV:KDW LIDQ\H[LVWLQJWD[FUHGLWVDUHLQSODFHWKDW PDNHQRZDJRRGWLPHWREX\" A: Â I Â am Â not Â aware Â of Â any Â current Â tax Â EUHDNV IRU SHRSOH ORRNLQJ WR EX\ KRPHV
+RZHYHU WKHUH DUH VSHFLDO SURJUDPV WKDW have Â been Â around Â for Â a Â while Â available Â for Â ILUVWWLPHEX\HUV 1RWH 0DQ\ EDQNV RIIHU ILUVWWLPH KRPHRZQHU JUDQW SURJUDPV $W WKH 1D-Â WLRQDO%DQNRI0LGGOHEXU\JUDQWVRIXSWR DUHDYDLODEOHWREHXVHGIRUDGRZQ SD\PHQWDQGHOLJLEOHFORVLQJFRVWV
Q: Â In Â the Â past Â months, Â what Â is Â there Â new Â and Â different Â LQ UHDO HVWDWH ILQDQFLQJ DW WKH 1DWLRQDO %DQN RI0LGGOHEXU\" A: Â There Â has Â been Â D ODUJH LQFUHDVH LQ purchase Â and Â re-Â ILQDQFLQJ WUDQVDF-Â tions Â and Â extremely Â KLJK YROXPH RI FRQ-Â VWUXFWLRQ ILQDQFLQJ 7KLVLVDYHU\JRRGVLJQ DOWKRXJK , PXVW VD\ WKDW this Â observation Â is Â relative Â to Â WKHSDVWIHZ\HDUV,QWKHSDVWWKH DPRXQWRIWUDQVDFWLRQVKDVEHHQKLJKHUEXW ULJKWQRZZHDUHLQFUHGLEO\EXV\ 4+RZLVWKLVDJRRGVLJQWKDWWKHPDU-Â NHWKDVWDNHQDQXSZDUGWXUQ" $7KHVHDUHDOOVLJQVWKDWWKHFRQGLWLRQ RI WKH UHDO HVWDWH PDUNHW LV JHWWLQJ EHWWHU 3HRSOH DUH QRZ DEOH WR VHOO KRPHV PRUH TXLFNO\EHFDXVHSHRSOHDUHQRZDEOHWRDI-Â IRUGEX\LQJDQHZKRPH7KLVLVSDUWO\GXH WRPRUWJDJHUDWHVEHLQJDWDQDOOWLPHORZ 7KH\ KDYHQÂ¶W EHHQ WKLV ORZ VLQFH 7KLV LV UHDOO\ KHOSLQJ WR UHVWRUH SHRSOHÂ¶V FRQILGHQFHLQRXUHFRQRP\
Q & A
THE Â BENJAMINS Â ENJOY Â the Â kitchen Â in Â their Â new Â home. Â The Â open Â layout Â and Â mod-Â ern Â design Â of Â this Â 10-Âyear-Âold Â home Â was Â one Â of Â many Â selling Â features Â for Â this Â young Â couple. Independent Â photo/Christy Â Lynn Â
Delightful Country Home
c. 1830 Stone Manor
The Blake House between Rutland and Middlebury. Myriad architectural details of historical significance, but also new custom kitchen, updated bathrooms, and new furnace. 6 picturesque acres. It is gracious, spacious, altogether gorgeous and offered at the reasonable price of $565,000. Call Betty Ann Martin 802-747-7100 877-208-0222 toll free
Green Mountain Realty
A Special Publication of The Addison Independent, Monday, July 9, 2012 — PAGE 7
PAGE Â 10 Â â€” Â A Â Special Â Publication Â of Â The Â Addison Â Independent, Â Monday, Â July Â 9, Â 2012
7KLUW\\HDUÂ¿[HGPRUWJDJHUDWHVDWDOOWLPHORZ By Â MARCY Â GORDON WASHINGTON Â (AP) Â â€” Â The Â average Â 86 UDWH RQ WKH \HDU Â¿[HG PRUWJDJH DV RIWKHODVWZHHNLQ-XQHVWD\HGDWWKHORZHVW OHYHO RQ UHFRUG &KHDS PRUWJDJHV KDYH KHOSHGGULYHDPRGHVWKRXVLQJUHFRYHU\DQG FRXOG JLYH WKH EURDGHU HFRQRP\ D MROW DW D WLPHZKHQWKHMREPDUNHWLVZHDN 0RUWJDJH EX\HU )UHGGLH 0DF VD\V WKH DYHUDJHRQWKH\HDUORDQZDVSHUFHQW 7KDWÂ¶V XQFKDQJHG IURP WKH SUHYLRXV ZHHN DQG WKH ORZHVW VLQFH ORQJWHUP PRUWJDJHV EHJDQLQWKHV 7KHDYHUDJHUDWHRQWKH\HDUPRUWJDJH DSRSXODUUHÂ¿QDQFLQJRSWLRQVOLSSHGWR SHUFHQW7KDWÂ¶VGRZQIURPSHUFHQWWKH ZHHN EHIRUH DQG PDWFKHV WKH UHFRUGORZ SHUFHQWUHDFKHGWKUHHZHHNVHDUOLHU 7KH UDWH RQ WKH \HDU ORDQ KDV EHHQ EHORZSHUFHQWVLQFH'HFHPEHU &KHDS PRUWJDJHV KDYH SURYLGHG D OLIW WR WKHORQJVXIIHULQJKRXVLQJPDUNHW6DOHVRI QHZDQGSUHYLRXVO\RFFXSLHGKRPHVDUHXS IURP WKH VDPH WLPH ODVW \HDU +RPH SULFHV
DUHULVLQJLQPRVWPDUNHWV ZHOO EHORZ KHDOWK\ $QG KRPHEXLOGHUV DUH The number of people OHYHOV 0DQ\ SHRSOH who signed contracts to DUH VWLOO KDYLQJ GLIÂ¿FXOW\ VWDUWLQJPRUHSURMHFWV 7KH QXPEHU RI SHRSOH buy previously occupied TXDOLI\LQJ IRU KRPH ORDQV ZKR VLJQHG FRQWUDFWV WR homes rose in May, RUFDQÂ¶WDIIRUGODUJHUGRZQ EX\ SUHYLRXVO\ RFFXSLHG matching the fastest SD\PHQWV UHTXLUHG E\ KRPHV URVH LQ 0D\ EDQNV PDWFKLQJ WKH IDVWHVW SDFH pace in two years, the $QG WKH VOXJJLVK MRE LQ WZR \HDUV WKH 1DWLRQDO National Association PDUNHW FRXOG GHWHU VRPH $VVRFLDWLRQ RI 5HDOWRUV of Realtors reported ZRXOGEH EX\HUV IURP UHSRUWHG -XQH 7KDW June 27. That suggests PDNLQJDSXUFKDVHWKLV\HDU VXJJHVWV $PHULFDQV DUH Americans are growing 7KH 86 HFRQRP\ FUHDWHG JURZLQJPRUHFRQÂ¿GHQWLQ RQO\ MREV LQ 0D\ PRUHFRQÃ€GHQWLQWKH WKHPDUNHW WKH IHZHVW LQ D \HDU 7KH /RZ UDWHV FRXOG DOVR market. XQHPSOR\PHQW UDWH URVH WR SURYLGH VRPH KHOS WR SHUFHQWLQ0D\XSIURP WKH HFRQRP\ LI PRUH SHUFHQWLQ$SULO SHRSOH UHÂ¿QDQFH :KHQ SHRSOH UHÂ¿QDQFH 0RUWJDJH UDWHV KDYH EHHQ GURSSLQJ DW ORZHU UDWHV WKH\ SD\ OHVV LQWHUHVW RQ EHFDXVHWKH\WHQGWRWUDFNWKH\LHOGRQWKH WKHLUORDQVDQGKDYHPRUHPRQH\WRVSHQG \HDU 7UHDVXU\ QRWH 8QFHUWDLQW\ DERXW 0DQ\ KRPHRZQHUV XVH WKH VDYLQJV RQ KRZ (XURSH ZLOO UHVROYH LWV GHEW FULVLV UHQRYDWLRQVIXUQLWXUHDSSOLDQFHVDQGRWKHU KDV OHG LQYHVWRUV WR EX\ PRUH 7UHDVXU\ LPSURYHPHQWVZKLFKKHOSGULYHJURZWK VHFXULWLHV ZKLFK DUH FRQVLGHUHG VDIH 6WLOO WKH SDFH RI KRPH VDOHV UHPDLQV LQYHVWPHQWV $V GHPDQG IRU 7UHDVXULHV
LQFUHDVHWKH\LHOGIDOOV $QG WKH \LHOG ZLOO OLNHO\ IDOO HYHQ ORZHU QRZ WKDW WKH )HGHUDO 5HVHUYH KDV VDLG LW ZLOO FRQWLQXH VHOOLQJ VKRUWWHUP 7UHDVXULHV DQG XVLQJ WKH SURFHHGV WR EX\ ORQJHUWHUP 7UHDVXULHV 7KDW JRDO RI WKH SURJUDP LV WR GULYH ORQJWHUP LQWHUHVW UDWHV ORZHU WR HQFRXUDJHPRUHERUURZLQJDQGVSHQGLQJ 7R FDOFXODWH DYHUDJH UDWHV )UHGGLH 0DF VXUYH\V OHQGHUV DFURVV WKH FRXQWU\ RQ 0RQGD\WKURXJK:HGQHVGD\RIHDFKZHHN 7KH DYHUDJH GRHV QRW LQFOXGH H[WUD IHHV NQRZQ DV SRLQWV ZKLFK PRVW ERUURZHUV PXVWSD\WRJHWWKHORZHVWUDWHV2QHSRLQW HTXDOVSHUFHQWRIWKHORDQDPRXQW 7KHDYHUDJHIHHIRU\HDUORDQVZDV SRLQWV XQFKDQJHG IURP WKH ZHHN EHIRUH 7KH IHH IRU \HDU ORDQV DOVR ZDV SRLQWVXSIURP 7KH DYHUDJH UDWH RQ RQH\HDU DGMXVWDEOH UDWH PRUWJDJHV ZDV XQFKDQJHG IURP WKH SUHYLRXV ZHHN DW SHUFHQW 7KH IHH IRU RQH\HDUDGMXVWDEOHUDWHORDQVVOLSSHGWR SRLQWVIURPSRLQWV
9DULHW\RIÂ¿[HGDGMXVWDEOHUDWHVGHWDLOHG $3 Â²7KHDYHUDJH86UDWHIRUD\HDUÂ¿[HGPRUWJDJHDVRI ZHHNVHDUOLHU -XQHVWD\HGDWWKHORZHVWOHYHORQUHFRUG7KHDYHUDJHUDWHRQ +HUHÂ¶VDORRNDWUDWHVIRUÂ¿[HGDQGDGMXVWDEOHPRUWJDJHVRYHUWKH \HDUÂ¿[HGPRUWJDJHVGHFOLQHGPDWFKLQJWKHUHFRUGORZUHDFKHGWZR SDVWZHHNV &XUUHQW$YJ /DVWZHHN ZHHNKLJK \HDUÂ¿[HG \HDUÂ¿[HG \HDUDGMXVWDEOH \HDUDGMXVWDEOH Source: Â Freddie Â Mac Â Primary Â Mortgage Â Market Â Survey
Decorative Concrete Turn your drab concrete into something Beautiful
Rainbow Acres Landscaping 802-373-5759 / 802-759-2225
Landscaping Lawn Mowing Lighting Stone Work Paver Cleaning & Sealing and More!!!
A Â Special Â Publication Â of Â The Â Addison Â Independent, Â Monday, Â July Â 9, Â 2012 Â â€” Â PAGE Â 11
Champlain Â Valley Â Properties 101 Â Court Â Street, Â Middlebury Â VT www.midvthomes.com Outstanding Â Agents Outstanding Â ResultsÂŽ
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Ferrisburgh Â â€“ Â Cozy Â 3 Â Br Â 2 Â bath Â country Â Cape Â on Â a Â very Â nicely Â landscaped Â .5 Â acre Â lot Â with Â a Â 2 Â car+ Â detached Â garage Â and Â large Â west Â facing Â deck. Â Conveniently Â located Â QHDU5WIRUDQHDV\FRPPXWH1 RU6)DPLO\URRP EDURQORZHU level Â is Â perfect Â for Â entertaining. Â &DOO%RQQLH*ULGOH\ or Â e-Âmail Â bonnie@midvthomes. com Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
Panton Â â€“ Â Beautifully Â maintained Â %5 %$ KRPH RQ DFUHV Extras Â include Â a Â horse Â barn, Â single Â detached Â garage, Â large Â attached Â garage, Â gorgeous Â sun-Â URRP H[SDQVLYH ORZHU OHYHO )5 ZÂżUHSODFH VR PXFK PRUH Convenient Â to Â Vergennes. Â Call Â %RQQLH *ULGOH\ or Â e-Âmail Â bonnie@midvthomes. com Â $265,000
Middlebury Â â€“ 6SDFLRXV %5 2-Â1/2 Â bath Â home Â w/lots Â of Â space Â on Â a Â 2 Â acre Â lot Â w/beautiful Â maple Â WUHHV ODUJHODZQ.LWFKHQRSHQV to Â a Â large Â DR, Â spacious Â family Â URRP/5Z)3RIÂżFHPXGURRP dry Â basement Â plus Â storage Â above Â the Â Â 2 Â Â car Â Â garage. Â Â Â Call Â Â Â Nancy )RVWHURUHPDLO n a n c y @ m i d v t h o m e s . c o m Â Â
Brandon Â Village Â â€“ Â Enjoy Â all Â that Â village Â living Â has Â to Â offer. Â Walk Â to Â stores, Â restaurants, Â library, Â EDQN PRUH IURP WKLV EHDXWL-Â IXO EULFN %5 EDWK KRPH $ ODUJH OLYLQJ URRP ZÂżUHSODFH formal Â DR, Â many Â built-Âins, Â great Â ZRRGZRUNÂżQLVKHGUGĂ€RRUDQG a Â detached Â barn/garage. Â Contact Â %RQQLH*ULGOH\RU firstname.lastname@example.org Â Â Â
New Â Haven Â Horse Â Farm Â â€“ Â %HHFK +LOO )DUP LV RQ acres Â of Â pastures/conserved Â crop-Â land Â with Â a Â 22 Â stall Â main Â barn, Â VWDOO DFFHVVRU\ EDUQ LQGRRU ULGLQJ DUHQD KHDWHG HTXLSPHQW EDUQ RIÂżFH VSHFWDFXODU $G-Â LURQGDFN YLHZV 7KH IDUPKRXVH KDV %5ÂśV %$ÂśV &DOO %RQ-Â QLH *ULGOH\ RU email Â email@example.com Â Â
Middlebury Â â€“ Â A Â charming Â 3BR Â 1 Â bath Â Cape Â conveniently Â located Â RQ D QLFH $ ORW WR DOORZ IRU a Â variety Â of Â uses;Íž Â small Â business, Â RIÂżFH RU UHVLGHQFH :RQGHUIXO IHDWXUHV LQFOXGH ZRRG Ă€RRUV ORWVRIEXLOWLQVDÂżUHSODFHDQGD large, Â private Â yard Â w/space Â to Â gar-Â GHQ&DOO1DQF\)RVWHU RUQDQF\#PLGYWKRPHVFRP $165,000
Middlebury Â â€“ Â Charming Â 3 Â BR, Â Ă˛ EDWK KRPH RQ D ODUJH DFUH ORW 0DQ\ WHUULÂżF IHDWXUHV include Â an Â oversized Â 2 Â car Â garage Â w/room Â for Â a Â workshop, Â spacious Â family Â room Â w/woodstove, Â PRXQWDLQ YLHZV HYHQ FHQWUDO $& &RQWDFW 1DQF\ )RVWHU DW RU QDQF\# midvthomes.com. Â Â
Bristol Â Village Â â€“2QHRI%ULVWROÂśV ÂżQHVWKRPHVLVRQDODUJHDFUH ORW LQ D FRQYHQLHQW KLJKO\ desirable Â location Â in Â the Â heart Â of Â the Â village. Â Spacious Â sunny Â URRPV ÂżUHSODFHV %5ÂśV baths Â grace Â this Â historic Â center Â hall Â colonial. Â Contact Â Bonnie Â *ULGOH\ DW RU e-Âmail Â firstname.lastname@example.org Â Â
Middlebury Â â€“ Â Spacious Â well Â maintained Â 3 Â BR, Â 2 Â bath Â home Â on Â a Â lovely Â landscaped Â 1 Â acre Â lot. Â Â &XVWRPFUDIWHGNLWFKHQZTXDUW] FRXQWHUV QHZ URRI LQ ODUJH IDPLO\ URRP RYHUVL]HG 2 Â car Â garage Â w/workshop Â VSDFH &RQWDFW 1DQF\ )RVWHU DW RU QDQF\# midvthomes.com Â Â $250,000
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East Â Middlebury Â â€“ Â Â Immaculately Â maintained Â 3 Â BR Â 2 Â bath Â home Â on Â DODUJHEHDXWLIXOO\ODQGVFDSHG acre Â lot. Â 3 Â car Â garage/workshop, Â ÂżOWHUHG ZDWHU V\VWHP JHQHUDWRU SRWHQWLDO IRU PRUH %5ÂśV D EDWK LQ WKH XQÂżQLVKHG XSVWDLUV &DOO 'LDQD %HUWKLDXPH DW RU HPDLO GLDQD# midvthomes.com Â Â
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Bristol Â â€“ Â Vermont Â farmhouse Â w/ Â FXVWRP UHQRYDWLRQV DQG %5ÂśV EDWKV 3ULYDWHO\ ORFDWHG by Â the Â New Â Haven Â River Â yet Â a Â short Â distance Â from Â the Â charm-Â ing Â village Â center Â with Â its Â many Â VWRUHV VRFLDO DFWLYLWLHV 2SHQ /5'5 ZYDXOWHG FHLOLQJV +: Ă€RRUV DQG TXDOLW\ GHWDLOV throughout. Â Call Â Bonnie Â Gridley Â RUHPDLOERQQLH# midvthomes.com Â Â
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Salisbury Â â€“ Â Beautifully Â con-Â structed Â 5 Â star Â energy Â rated Â home Â RQ DFUHV ZSULYDF\ YLHZV RIWKH$GLURQGDFN /DNH&KDP-Â SODLQ0DQ\TXDOLW\IHDWXUHVOLNH KDUGZRRGĂ€RRUVVWRQHÂżUHSODFH Âś FHLOLQJV ORYHO\ PROGLQJV ZDONRXW EDVHPHQW KLJK HI-Â ÂżFLHQF\ KHDWLQJ V\VWHP &DOO 1DQF\ )RVWHU RU e-Âmail Â Â email@example.com Â $565,000 Â Â
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Middlebury Â â€“ Â Charming Â one Â BR Â home Â perfect Â for Â the Â person Â who Â is Â feeling Â like Â he/she Â has Â paid Â rent Â ORQJ HQRXJK 0DQ\ XSJUDGHV include Â a Â custom Â kitchen, Â new Â windows Â and Â vinyl Â siding. Â There Â are Â 2 Â spacious Â sheds Â for Â storage. Â :DON WR HYHU\WKLQJ GRZQWRZQ &DOO1DQF\)RVWHU or Â e-Âmail Â nancy@midvthomes. com Â
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Middlebury Â â€“ Â 3 Â BR Â 2 Â bath Â home Â w/the Â charm Â of Â old Â beams, Â wide Â SODQNĂ€RRUV)3ÂśV VODWHURRI yet Â the Â comfort Â of Â a Â 15 Â year Â old Â meticulously Â built Â house. Â 2 Â liv-Â ing Â spaces Â w/cathedral Â ceilings, Â SULYDWH SRUFK EHDXWLIXO \DUG short Â walk Â to Â downtown. Â Call Â 1DQF\ )RVWHU DW or Â firstname.lastname@example.org Â Â
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LAKE Â FRONT Â Orwell Â Â â€“ Â Tradi-Â tional Â NE Â fully Â dormered Â cape Â w/ screened Â porch Â with Â panoramic Â YLHZV RI /DNH &KDPSODLQ 7KLV 3BR, Â 2 Â bath Â home Â on Â 1.5 Â acres Â LV RSHQ VSDFLRXV VXQ ÂżOOHG 0RGHUQ ZHYHU\WKLQJ XS WR GDWH )XOO ZDONRXW XQÂżQLVKHG basement Â awaits Â your Â custom Â WRXFKHV&RQWDFW%RQQLH*ULGOH\ DWRUHPDLO b o n n i e @ m i d v t h o m e s . c o m Â Â
PAGE Â 12 Â â€” Â A Â Special Â Publication Â of Â The Â Addison Â Independent, Â Monday, Â July Â 9, Â 2012
Benjamins (Continued Â from Â Page Â 4) home Â that Â was Â move-Âin-Âready, Â rather Â than Â to Â buy Â a Â home Â that Â needed Â more Â serious Â work. Â Âł,I\RXÂśUHJRLQJWREX\DÂż[HUXSSHUEHSUH-Â SDUHGWRVSHQGDORWRIPRQH\DQGVSHQGDORWRI time,â€? Â he Â said. Â $VDOZD\VLWÂśVRQHWKLQJLI\RXKDYHWKHUH-Â VRXUFHVIRUWKHMREEXWLWÂśVQRWDOZD\VJRLQJWR VDYH\RXWKHPRQH\\RXWKLQNLWZLOO%HQMDPLQ said. Â Âł$QGVRPHWLPHVLWFDQJHW\RXLQDORWRIWURX-Â EOHZKHQ\RXÂśUHH[SHFWLQJLWWREHDTXLFNSURM-Â ect, Â and Â it Â turns Â out Â to Â be Â a Â nightmare,â€? Â he Â added. 7KH%HQMDPLQVZHUHFDUHIXOWRPDNHVXUHWKDW WKH\ZHUHEX\LQJDKRPHWKDWWKH\FRXOGDIIRUG DQGWKDWZDVQRWJRLQJWRULVNSXWWLQJWKHPLQWR XQPDQDJHDEOHGHEWRUKDUGVKLS Âł<RXFDQÂśWMXVWORRNDWZKDW\RXUPRUWJDJHLVÂ´ %HQMDPLQVDLGÂł<RXÂśYHJRWWRORRNDWHYHU\WKLQJ that Â goes Â into Â owning Â a Â house Â and Â make Â sure Â WKDW\RXKDYHHQRXJKPRQH\WRSXWDZD\VRWKDW when Â your Â furnace Â breaks Â down, Â or Â something Â KDSSHQV\RXFDQFRYHULW%HFDXVH\RXGRQÂśWDO-Â ways Â know.â€? Â )RUJHWWLQJ WR FDOFXODWH FORVLQJ FRVWV LQVSHF-Â WLRQUHSDLUVDQGPRYLQJH[SHQVHVFRXOGFRVWD KRPHEX\HUDORWRIXQH[SHFWHGPRQH\WKDWPD\ have Â to Â go Â onto Â a Â credit Â card Â with Â a Â high Â interest Â UDWHLI\RXÂśUHQRWFDUHIXO Âł,WÂśVZRUWKGRLQJWKHUHVHDUFKWDONLQJWR\RXU 5HDOWRUDQGUHDOO\ÂżJXULQJLWDOOLQÂ´%HQMDPLQ VDLG Âł.QRZ ZKDW \RXÂśUH JHWWLQJ LQWR DQG SODQ for Â it.â€? In Â the Â end, Â it Â seems Â to Â have Â been Â worth Â the Â ZDLWIRU&ROE\DQG0RQLFD%HQMDPLQ Âł,W ZDV D SDLQVWDNLQJ SURFHVVÂ´ &ROE\ %HQMD-Â PLQVDLGUHFDOOLQJWKHORQJDQGDWWLPHVGLVFRXU-Â aging Â search, Â â€œbut Â it Â was Â fun, Â too. Â And Â now Â it Â IHHOVJUHDWWRJRKRPHDQGUHDOO\HQMR\LWÂ´
THE Â BENJAMINSâ€™ Â NEW Â pool Â offers Â a Â great Â summer Â refuge Â as Â the Â weather Â stays Â warm Â in Â Addison Â County. Â Independent Â photo/Christy Â Lynn
Check Â Out Â This Â Bristol Â Gem! Vintage Village Greek Revival. 3 Â bedroom, Â high Â ceilings, Â ZRRGĂ€RRUVVSDFLRXVURRPV:DONLQJGLVWDQFHWRVKRSV restaurants Â & Â schools. Â Great Â backyard, Â plenty Â of Â off-Âstreet Â parking. Â Currently Â used Â as Â a Â 2-Âfamily Â w/ Â upstairs Â apt. Â rental. Â MLS#4150962 $204,999
VINYL SIDING & ROOFING
Lake Â Dunmore Â â€“ Camp Â Winona Camp Winona, Â one Â of Â the Â original Â cottages Â of Â the Â famous Â Lake Â Dunmore Â Hotel. Â Renovated Â with Â an Â upstairs Â kitchen Â and Â living Â area. Â Direct Â river Â frontage, Â deeded Â land, Â lake Â frontage Â directly Â across Â the Â road. Â Lake Â and Â mountain Â views Â from Â upper Â deck Â and Â screened-Âin Â lower Â porch. Â Some Â furnishings Â included. Â Currently Â being Â used Â as Â a Â 2 Â family Â cottage. Â MLS Â #4156428, Â New Â price $329,500
Susan Gulrajani, Â Realtor 802.989.9717 SusanG@HickokandBoardman.com
Al LeMay :LQGRZVÂ‡'RRUVÂ‡3DLQWLQJ 5HSDLUV 3UHVVXUH:DVKLQJ ALSO TREE WORK +DYHEXFNHWZLOOWUDYHO ,QVXUHG 1R-RE7RR6PDOO
A Special Publication of The Addison Independent, Monday, July 9, 2012 — PAGE 13
Vermont: Greater Burlington, St. Albans, Middlebury, Vergennes, Fairlee, Londonderry, Lyndonville, Manchester, Norwich, Rutland, Woodstock
New Hampshire: Hanover, West Lebanon, Grantham
PANTON 2 br, 2 bath home on .85± acres $529,000 MLS 4144775
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FERRISBURGH 3 br, 1 bath home on .10± acres $525,000 MLS 4158512
VERGENNES 6 br, 3 bath home on 4.129± acres $379,000 MLS 3071034
FERRISBURGH 3 br, 3 bath home on 2.1± acres $349,000 MLS 4152760
NEW HAVEN 3 br, 2 bath home on 1.1± acres $335,000 MLS 4155672
VERGENNES 5 br, 4 bath home on .45± acres $329,000 MLS 4051260
FERRISBURGH 2 br, 2 bath home on .5± acres $212,000 MLS 4153229
BRISTOL 3 br, 2 bath home on .92± acres $189,950 MLS 4070538
ADDISON 3 br, 2 bath home on 10.09± acres $187,500 MLS 4109391
BR AN D
FERRISBURGH 4 br, 3 bath home on 20.13± acres $749,000 MLS 4138598
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Opening New Doors Every Day™
ADDISON 3 br, 2 bath home on 5.01± acres $254,900 MLS 4163897
VERGENNES 5 br, 3 bath home on .18± acres $242,000 MLS 4113935
ADDISON 4 br, 3 bath home on 5.07± acres $229,000 MLS 4081282
ADDISON 3 br, 2 bath home on 1± acres $185,000 MLS 4084225
VERGENNES 3 br, 2 bath home on 1.14± acres $184,900 MLS 4151138
ADDISON 3 br, 2 bath home on 10.10± acres $177,800 MLS 4140565
ADDISON 6 br, 5 bath home on 71.79± acres $895,000 MLS 4143347
BRIDPORT 3 br, 3 bath on 11.46± acres $692,500 MLS 4164501
ADDISON 3 br, 3 bath home on 12.3± acres $595,000 MLS 4154979
CORNWALL 4 br, 4 bath home on 12.6± acres $529,000 MLS 4124501
MIDDLEBURY 4 br, 3 bath home on .3± acres $409,000 MLS 4144782
NEW HAVEN 4 br, 4 bath home on 15.45± acres $398,000 MLS 4081508
BRIDPORT 4 br, 3 bath home on 20.21± acres $398,000 MLS 4139510
NEW HAVEN 6 br, 3 bath home on 3.45± acres $395,000 MLS 4141197
WEYBRIDGE 2 br, 2 bath home on 13.68± acres $395,000 MLS 4018459
MIDDLEBURY 4 br, 2 bath home on .21± acres $379,900 MLS 4146168
WALTHAM 4 br, 3 bath home on 7.84± acres $379,000 MLS 4164205
MIDDLEBURY 3 br, 2 bath home on 2.52± acres $329,000 MLS 4126217
CORNWALL 4 br, 2 bath on 23.10± acres $324,900 MLS 4116292
MIDDLEBURY 4 br, 3 bath home on .86± acres $292,000 MLS 4163316
SHOREHAM 3 br, 2 bath home on .61± acres $267,500 MLS 4123916
VERGENNES 4 br, 2 bath home on .4± acres $249,000 MLS 4160503
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VERGENNES 3 br, 2 bath home on .3± acres $279,000 MLS 4062117
LEICESTER +LJKWUDI¿FDQGYLVLELOLW\ convenience store $320,000 MLS 4135845
VERGENNES Commercial/Residential on Main Street $199,000 MLS 4035962
NEW HAVEN 14 guest room motel near Middlebury $649,000 MLS 4128837
FERRISBURGH Light manufacturing/retail space on Route 7 $448,346 MLS 4151761
BRISTOL +LJKWUDI¿FGRZQWRZQ UHWDLORURI¿FHVSDFH $299,900 MLS 4093611
BRIDPORT 2 br, 2 bath home on 11.44± acres $245,000 MLS 4098134
VERGENNES Turn-key ice cream shop with rental space $449,000 MLS 4028157
BRISTOL 4 br, 3 bath home on .75± acres $236,900 MLS 4084345
Lang McLaughry Spera Middlebury Connie Houston Manager Broker
January Stearns REALTOR®/Broker
Courtney Houston REALTOR®/Broker
66 Court Street
268 Main Street Vergennes, Vermont 05491 802-877-3232 800-577-3232 802-877-2227 (fax)
Middlebury, Vermont 05753 802-388-1000 800-856-7585 802-388-7115 (fax) Richard Esty REALTOR®
Karen Merrill REALTOR®2I¿FH
John Nelson REALTOR®
Christine Fraioli REALTOR®
Nancy Larrow REALTOR®
Donna LaBerge Nancy Ryan REALTOR®/Broker REALTOR®/Broker
Liz Marino REALTOR®
Karla Huinzenga REALTOR®
PAGE Â 14 Â â€” Â A Â Special Â Publication Â of Â The Â Addison Â Independent, Â Monday, Â July Â 9, Â 2012
National Â market Â picks Â up $3 Â² $PHULFDQV DUH Â¿QDOO\ JDLQLQJ IURP$SULO WR D VHDVRQDOO\ DGMXVWHG DQQXDO FRQÂ¿GHQFHLQWKHKRXVLQJPDUNHWÂ¿YH\HDUV UDWHRIKRPHV(YHQZLWKWKHJDLQV DIWHULWFROODSVHG WKH DQQXDO VDOHV SDFH LV OHVV WKDQ KDOI WKH 6DOHV RI QHZ DQG SUHYLRXVO\ RFFXSLHG WKDWZRXOGEHFRQVLGHUHGQRUPDO KRPHVDUHXSIURPWKHVDPHWLPHODVW\HDU Â‡ +RPHSULFHV+RPHSULFHVURVHLQ$SULO +RPH SULFHV DUH ULVLQJ LQ PRVW PDUNHWV IURP 0DUFK LQ RI WKH FLWLHV WUDFNHG $QG KRPHEXLOGHUV DUH VWDUWLQJ E\WKH6WDQGDUG 3RRUÂ¶V&DVH PRUHSURMHFWV 6KLOOHUKRPHSULFHLQGH[7KDWÂ¶V Americans 7KHPDUNHWVWLOOKDVDORQJZD\ bought new WKHVHFRQGVWUDLJKWPRQWKSULFHV WRUHJDLQIXOOKHDOWK%XWWKHGDWD KDYHULVHQLQDPDMRULW\RI86 VXJJHVW WKH ZRUVW LV RYHU DQG D homes in May FLWLHV$QGDPHDVXUHRIQDWLRQDO at the fastest SULFHV URVH SHUFHQW LQ$SULO PRGHVWUHFRYHU\LVXQGHUZD\ +HUHÂ¶VDORRNDWUHFHQWKRXVLQJ pace since IURP0DUFKWKHÂ¿UVWLQFUHDVHLQ LQGLFDWRUV VHYHQPRQWKV%DVHGRQWKH April 2010, Â‡ 3HQGLQJ KRPH VDOHV 7KH according to FLW\LQGH[SULFHVDUHQRZDERXW QXPEHU RI SHRSOH ZKR VLJQHG the Commerce ZKHUHWKH\ZHUHLQHDUO\ FRQWUDFWV WR EX\ SUHYLRXVO\ Â‡ +RXVLQJ VWDUWV 86 RFFXSLHG KRPHV URVH LQ 0D\ Department. EXLOGHUV VWDUWHG ZRUN RQ PRUH PDWFKLQJWKHIDVWHVWSDFHLQWZR Sales rose VLQJOHIDPLO\KRPHVLQ0D\IRU \HDUV 7KH 1DWLRQDO$VVRFLDWLRQ 7.6 percent DWKLUGVWUDLJKWPRQWKDFFRUGLQJ RI5HDOWRUVVDLGLWVLQGH[RIVDOHV in May from WR GDWD IURP WKH &RPPHUFH DJUHHPHQWV LQFUHDVHG WR April to a 'HSDUWPHQW $QG KRPHEXLOGHUV LQ 0D\ IURP LQ $SULO $ UHTXHVWHG WKH PRVW SHUPLWV WR seasonally UHDGLQJDERYHLVFRQVLGHUHG VWDUW SURMHFWV LQ \HDUV adjusted KHDOWK\ 2YHUDOOKRXVLQJVWDUWVIHOOLQ0D\ Â‡ &RPSOHWHG KRPH VDOHV annual rate WR D VHDVRQDOO\ DGMXVWHG DQQXDO &RPSOHWHG VDOHV RI SUHYLRXVO\ of 369,000 UDWH RI %XW WKDW ZDV RFFXSLHG KRPHV IHOO LQ 0D\ WR homes. HQWLUHO\ EHFDXVH RI D SOXQJH LQ D VHDVRQDOO\ DGMXVWHG DQQXDO YRODWLOH DSDUWPHQW FRQVWUXFWLRQ UDWH RI PLOOLRQ DIWHU QHDUO\ 6WLOO WKH UDWH RI FRQVWUXFWLRQ WRXFKLQJ D WZR\HDU KLJK WKH SUHYLRXV DQG WKH OHYHO RI SHUPLWV UHTXHVWHG UHPDLQ PRQWK7KH1DWLRQDO$VVRFLDWLRQRI5HDOWRUV URXJKO\KDOIWKHSDFHFRQVLGHUHGKHDOWK\ VD\VVDOHVKDYHULVHQSHUFHQWIURPD\HDU Â‡ 0RUWJDJHUDWHV7KHDYHUDJH86UDWH DJR6WLOOVDOHVDUHZHOOEHORZWKHPLOOLRQ RQD\HDUÂ¿[HGPRUWJDJHIHOOLQODWH-XQH D\HDUUDWHWKDWHFRQRPLVWVFRQVLGHUKHDOWK\ WRSHUFHQWWKHORZHVWVLQFHORQJWHUP Â‡ 1HZKRPH VDOHV $PHULFDQV ERXJKW PRUWJDJHVEHJDQLQWKHV7KHUDWHRQ QHZKRPHVLQ0D\DWWKHIDVWHVWSDFHVLQFH WKH\HDUORDQKDVEHHQEHORZSHUFHQW $SULO DFFRUGLQJ WR WKH &RPPHUFH VLQFH 'HFHPEHU DFFRUGLQJ WR PRUWJDJH 'HSDUWPHQW6DOHVURVHSHUFHQWLQ0D\ EX\HU)UHGGLH0DF
How Â does Â Vtâ€™s Â education Â property Â tax Â system Â work 7KH 7RZQ RI :HVW 2YHUVKRH LV SODQQLQJ WR UHDSSUDLVHIRUWD[\HDUEXWIRUWD[\HDU WKDWFDPSLVDVVHVVHGDW :LWKRXW WKH &/$ \RX ZRXOG EH WD[HG DW WKHVDPHUDWH<RXZRXOGSD\ <RXU :HVW 2YHUVKRH QHLJKERU ZRXOG SD\ :LWKWKH&/$\RXVKRXOGERWKSD\ WKHVDPHDPRXQW ,WLVXVHIXOWRWKLQNRIWKH&/$DVDGMXVWLQJ WKHOLVWHGYDOXHRIWKHSURSHUW\WRIDLUPDUNHW YDOXHWRHQVXUHIDLUQHVV7KH:HVW2YHUVKRH FDPS LV DGMXVWHG E\ WKH FRPPRQ OHYHO RI DSSUDLVDO WR EULQJ LWV OLVWHG YDOXH LQWR OLQH ZLWKWKHPDUNHW $VVHVVHG 9DOXH Â· &/$ $GMXVWHG 9DOXH 1RZ WKH WD[HV SDLGE\WKHWZRFDPSVZRXOGEHWKHVDPH How Â does Â the Â spending Â level Â voted Â in Â my Â town Â affect Â the Â homestead Â education Â tax Â rate? 7KHWD[UDWHOHYLHGRQKRPHVWHDGSURSHUW\ LV DGMXVWHG XSZDUG LI WKH UHVLGHQWV RI WKDW VFKRRO GLVWULFW VSHQG PRUH WKDQ WKH Â³EDVH HGXFDWLRQ VSHQGLQJÂ´ DPRXQW 7KH EDVH LV SHU SXSLO IRU WD[ \HDU )< +HUHÂ¶V DQ LOOXVWUDWLRQ RI KRZ WKH UDWH LV DGMXVWHG 6D\\RXUORFDOVFKRROEXGJHWSURYLGHVIRU VSHQGLQJRISHUSXSLO 7 K H KRPHVWHDGWD[UDWHRIZLOOEHDGMXVWHG ,WZLOOEHDGMXVWHGKLJKHULQSURSRUWLRQWRWKH DPRXQW \RXU YRWHUV GHFLGHG WR VSHQG RYHU SHUSXSLO,QWKLVH[DPSOHWKHGLVWULFW VSHQGLQJDGMXVWPHQWLV /RFDOO\ $SSURYHG SHU 3XSLO 6SHQGLQJ (See Â Property Â taxes, Â Page Â 15)
Editorâ€™s Â note: Â In Â Vermont, Â the Â state Â sets Â the Â education Â property Â tax Â rate, Â along Â with Â local Â school Â boards. Â All Â homeowners Â pay Â property Â tax Â to Â pay Â for Â public Â schools Â based Â on Â the Â value Â of Â their Â home Â and Â land, Â and Â many Â receive Â a Â discount Â based Â on Â their Â income. Â The Â Department Â of Â Taxes Â provided Â this Â FAQ Â about Â the Â education Â property Â tax Â rate. How Â are Â the Â education Â tax Â rates Â set? )RU WD[ \HDU )< WKH EDVH HGXFDWLRQWD[UDWHIRUKRPHVWHDGSURSHUW\LV ,WLVDGMXVWHGE\WKHGLVWULFWVSHQGLQJ DGMXVWPHQW DQG E\ WKH VFKRRO GLVWULFWÂ¶V FRPPRQ OHYHO RI DSSUDLVDO NQRZQ DV WKH &/$ )RU WD[ \HDU )< WKH EDVH WD[ UDWH IRU QRQUHVLGHQWLDO SURSHUW\ LV ,W LV DGMXVWHG E\ WKH VFKRRO GLVWULFWÂ¶V FRPPRQ OHYHO RI DSSUDLVDO 7KH QRQUHVLGHQWLDO WD[ UDWHLVQRWPXOWLSOLHGE\WKHGLVWULFWVSHQGLQJ DGMXVWPHQW What Â is Â the Â purpose Â of Â the Â common Â level Â of Â appraisal? 7KH DGMXVWPHQW E\ WKH FRPPRQ OHYHO RI DSSUDLVDO &/$ HQVXUHV WKDW \RX DQG \RXU QHLJKERU LQ WKH QH[W WRZQ SD\ WKH VDPH DPRXQW RI HGXFDWLRQ WD[ RQ SURSHUWLHV RI HTXDO YDOXH 7KH &/$ LV XVHG WR HTXDOL]H HGXFDWLRQWD[HVVWDWHZLGHE\UHÃ€HFWLQJORFDO YDULDWLRQV WKDW RFFXU EDVHG RQ UHDSSUDLVDO VFKHGXOHVDQGRWKHUIDFWRUV ([DPSOH /HWÂ¶V VD\ \RX KDYH D FDPS LQ (DVW 2YHUVKRH WKDW LV ZRUWK <RXU OLVWHUVGLGDFRPSOHWHUHDSSUDLVDOIRUWD[\HDU DQGWKH\Â¶YHDVVHVVHG\RXDW 7KHUHÂ¶V D FDPS DFURVV WKH WRZQ OLQH LQ :HVW 2YHUVKRH WKDW LV DOVR ZRUWK
Kittredge Land Surveying, PLLC Seth W. Kittredge, L.S.
Boundary Â Retracement Â Â â€“ Â Â Subdivisions Boundary Â Line Â Adjustments Â )(0$)ORRG&HUWLÂ¿FDWLRQV Replacement Â of Â Missing Â Corner Â Monuments Vermont Â Land Â Records Â Research Â Expert Â Witness Â Services Topographic/Site Â Surveys Â Â Construction Â Layout
Phone: 802-870-7028 Cell: 802-989-1625 28 Thomas Circle - Vergennes, Vt. 05491 email: email@example.com
Friendly & Comprehensive Service for Buyers & Sellers in Addison County and Beyond 2337 Rt. 7 South Middlebury, VT
A Â Special Â Publication Â of Â The Â Addison Â Independent, Â Monday, Â July Â 9, Â 2012 Â â€” Â PAGE Â 15
Property Â taxes (Continued Â from Â Page Â 14) $13,900 Â per Â pupil. = Â (District Â Spending Â Adjustment) Â 1.55050 Â or Â The Â homestead Â tax Â rate Â will Â be Â $1.4182. Â Thatâ€™s Â 155.050%. $0.89 Â times Â the Â district Â spending Â adjustment. (Locally Â Approved Â per Â Pupil Â Spending) Â The Â effective Â homestead Â tax Â rate Â is Â now Â calcu-Â $13,900 lated Â in Â the Â following Â way: Ăˇ Â (Base Â Education Â Spending) Â $8,723 Â (Base Â Homestead Â Rate) Â $0.89 Â = Â (District Â Spending Â Adjustment) Â 1.59349 x Â (District Â Spending Â Adjustment) Â 1.55050 Â = Â (Effective Â Homestead Â Tax Â Rate) Â $1.3799. (Base Â Homestead Â Rate) Â $0.89 Â x Â (District Â Spending Â Adjustment) Â 1.59349 Â If Â the Â CLA Â in Â your Â town Â is Â 90.00%, Â your Â = Â (Effective Â Homestead Â Tax Â Rate) Â $1.4182. homestead Â education Â rate Â to Â be Â applied Â to Â home-Â stead Â properties Â becomes Â $1.0409. The Â nonresidential Â tax Â rate Â is Â $1.38. Â (Effective Â Homestead Â Rate) Â $1.3799 Â Ăˇ Â (CLA) Â 0.9000 Â Of Â course, Â both Â these Â rates Â would Â then Â be Â ad-Â = Â (Tax Â Rate Â Paid Â by Â Homestead Â Properties) Â justed Â by Â the Â CLA. $1.5332 ,V WKHUH DQ DGGLWLRQDO DGMXVWPHQW IRU Keep Â in Â mind Â that Â some Â town Â districts Â are Â also Â VFKRROGLVWULFWVZKRVHSHUSXSLOVSHQGLQJLVD PHPEHUV RI XQLRQ VFKRRO GLVWULFWV RU XQLÂżHG ORW PRUH H[FHVV VSHQGLQJ WKDQ WKH DYHUDJH school Â districts. Â In Â those Â instances, Â the Â tax Â rate Â is Â VWDWHZLGH" a Â combination Â of Â the Â individual Â rates Â of Â the Â dif-Â Yes. Â If Â a Â town Â has Â â€œexcess Â spending,â€? Â then Â the Â ferent Â districts Â of Â which Â you Â are Â a Â member. Department Â of Â Education Â includes Â that Â excess Â Is Â the Â nonresidential Â tax Â rate Â of Â $1.38 Â ad-Â twice Â in Â the Â computation Â of Â its Â district Â spend-Â MXVWHGWRUHĂ€HFWVSHQGLQJRYHUWKHÂłEDVHHGX-Â ing Â adjustment. Â Excess Â spending Â means Â the Â per-Â FDWLRQSD\PHQW"Â´ pupil Â spending Â (less Â eligible Â construction Â costs) Â No. Â The Â rate Â for Â nonresidential Â property Â is Â the Â is Â in Â excess Â of Â 125 Â percent Â of Â the Â excess Â spend-Â same Â for Â all Â property Â in Â Vermont. Â It Â is Â adjusted Â ing Â base. Â For Â tax Â year Â 2012 Â (FY13), Â the Â excess Â only Â by Â the Â common Â level Â of Â appraisal. Â If Â the Â spending Â base Â is Â $11,873. Â So Â the Â threshold Â is Â CLA Â is Â 90.00% Â the Â rate Â becomes: $14,841 Â (1.25 Â x Â $11,873). Â Letâ€™s Â look Â at Â an Â ex-Â (Nonresidential Â Tax Â Rate) Â $1.38 ample: Ăˇ Â (CLA) Â .9000 Â Your Â school Â district Â spends Â $15,500 Â per Â pupil. Â = Â (Effective Â Nonresidential Â Tax Â Rate) Â $1.5333. The Â excess Â spending Â base Â is Â $11,873. Â 125% Â of Â :LOOWKHUHEHWRZQVZKHUHWKHQRQUHVLGHQ-Â $11,873 Â is Â $14,841. WLDOWD[UDWHLVORZHUWKDQWKHKRPHVWHDGWD[ Your Â per-Âpupil Â spending Â exceeds Â the Â threshold Â UDWH" by Â $659. Â ($15,500 Â â€“ Â $14,841. Â This Â is Â your Â school Â Yes. Â In Â towns Â with Â per Â pupil Â spending Â in Â districtâ€™s Â excess Â spending. excess Â of Â $13,526 Â the Â homestead Â rate Â will Â be Â The Â district Â spending Â adjustment Â is: Â KLJKHUWKDQWKHQRQUHVLGHQWLDOUDWHIRUÂżVFDO\HDU [(District Â spending) Â 15,500 Â + Â (Excess Â spend-Â 2013. Â Consider Â a Â school Â district Â with Â spending Â of Â ing) Â 659]
For Sale by Owner
Middlebury Cape Convenient and well-kept three bedroom house in Middlebury. In-town on spacious .41 acre lot. Easy walk to schools, downtown. Hardwood floors, bay window, brick fireplace with wood stove, finished basement with workshop, two-car garage. Recently renovated kitchen and upstairs bath, lovely new back porch. $310,000.
Contact Steve Abbott: (802) 377-7762 or firstname.lastname@example.org.
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Ăˇ Â (Base Â Spending) Â 8,723 Â = Â 1.85246 Rate Â becomes: Â (District Â spending Â adjustment) Â 1.85246 Â x Â (Base Â rate) Â $0.89) Ăˇ Â CLA If Â the Â CLA Â is Â 85%, Â the Â homestead Â rate Â is: Â (District Â spending Â adjustment) Â 1.85246 Â x Â (Base Â Rate) Â $0.89) Ăˇ Â (CLA) Â .85 = Â $1.9396 In Â this Â example, Â the Â excess Â spending Â adjust-Â ment Â adds Â about Â 7 Â cents Â to Â the Â homestead Â rate. 0\ WRZQ LV FRPSOHWLQJ D UHDSSUDLVDO IRU WKH$SULO JUDQG OLVW 8VLQJ WKH FRP-Â PRQOHYHORIDSSUDLVDOWRDGMXVWWKHWD[UDWHV GRHVQÂśW VHHP IDLU 2XU FRPPRQ OHYHO RI DS-Â SUDLVDOZDVEDVHGRQODVW\HDUÂśVJUDQG OLVW7KHWD[ELOOVIRUWKLV\HDUZLOOXVHDJUDQG OLVWWKDWLVDWRIPDUNHWYDOXH:LOOWKH WD[ UDWHV EH DGMXVWHG WR DFFRXQW IRU UHDS-Â SUDLVDOV" Yes. Â In Â those Â towns Â that Â have Â reappraised Â for Â 2012, Â the Â common Â level Â of Â appraisal Â used Â to Â calculate Â the Â rates Â will Â be Â the Â ratio Â of Â the Â reap-Â praised Â 2012 Â education Â grand Â list Â to Â the Â equal-Â L]HG HGXFDWLRQ JUDQG OLVW FHUWLÂżHG -DQXDU\ 2012. Â The Â Director Â of Â PVR Â is Â charged Â by Â statute Â with Â determining Â whether Â a Â reappraisal Â has Â oc-Â curred Â that Â warrants Â a Â new Â CLA.. 7RZQV DOVR OHY\ WD[HV IRU KLJKZD\V DQG RWKHUPXQLFLSDOVHUYLFHV$UHWKHUHGLIIHUHQW UDWHVIRUKRPHVWHDGDQGQRQUHVLGHQWLDOSURS-Â HUWLHV" No. Â Municipal Â taxes Â that Â pay Â for Â highways Â and Â other Â municipal Â services Â are Â levied Â on Â the Â municipal Â grand Â list. Â With Â the Â exception Â of Â the Â few Â communities Â that Â have Â different Â rates Â in Â ac-Â cord Â with Â their Â charter, Â municipal Â taxes Â are Â not Â
VXEMHFWWRWD[FODVVLÂżFDWLRQ The Â selectboard Â determines Â the Â amount Â to Â be Â UDLVHGIURPWD[HVDQGGLYLGHVWKDWÂżJXUHE\WKH total Â municipal Â grand Â list Â established Â by Â the Â list-Â ers. Â There Â is Â no Â adjustment Â for Â the Â common Â level Â of Â appraisal Â as Â there Â is Â no Â need Â to Â adjust Â the Â mu-Â nicipal Â values Â to Â a Â single Â point Â in Â time. Â This Â is Â not Â a Â state Â tax Â requiring Â equalization Â across Â towns. ,W VD\V RQ PDWHULDO ZLWK P\ WD[ ELOO WKDW VRPH SHRSOH DUH DEOH WR SD\ WKHLU HGXFDWLRQ WD[EDVHGRQLQFRPHUDWKHUWKDQRQWKHYDOXH RIWKHLUSURSHUW\+RZGRHVWKDWZRUN" There Â is Â a Â property Â tax Â adjustment Â worksheet Â on Â the Â Tax Â Department Â website. Â It Â can Â used Â to Â estimate Â the Â property Â tax Â adjustment Â credit. Â Visit Â the Â link Â below: www.state.vt.us/tax/propertyadj.shtml 7KH FODVVLÂżFDWLRQ RI SURSHUW\ DV KRPHVWHDG assures Â that Â a Â Vermont Â resident Â will Â not Â pay Â more Â than Â the Â statutorily Â established Â percent-Â age Â of Â household Â income Â for Â property Â taxes Â on Â his Â or Â her Â housesite Â (house Â and Â up Â to Â two Â acres). Â The Â difference Â between Â the Â taxpayerâ€™s Â property Â tax Â bill Â and Â the Â property Â tax Â based Â on Â house-Â hold Â income Â is Â paid Â by Â the Â State Â in Â the Â form Â of Â a Â property Â tax Â adjustment Â credit. Â The Â money Â is Â paid Â directly Â to Â the Â Town. Â The Â Town Â then Â is-Â sues Â the Â homeowner Â a Â property Â tax Â bill Â for Â the Â net Â due. Â The Â property Â tax Â adjustment Â calculation Â uses Â prior Â year Â household Â income Â and Â prior Â year Â property Â taxes. :KRGR,FRQWDFWLI,QHHGPRUHLQIRUPD-Â WLRQ" Call Â the Â Taxpayer Â Services Â Division Â at Â 802-Â 828-Â2865 Â or Â toll Â free Â in Â Vermont Â at Â 866-Â Â 828-Â 2865. You Â can Â also Â send Â e-Âmail Â to: Â schooltax@state. vt.us.
BillBeck.com CURIOUS ABOUT THE MARKET? Much has been written about the real estate market over the past five years. While the number of sales has decreased, values in Vermont have not decreased by double digits as they have in other parts of the country. If you would like a CURRENT MARKET EVALUATION of your property reflecting recent sales in Addison County, please contact us to schedule a complimentary analysis with no obligation. Coldwell Â Banker
Bill Â Beck Â Real Â Estate
802-Â388-Â7983 Email: Â firstname.lastname@example.org
PAGE 16 — A Special Publication of The Addison Independent, Monday, July 9, 2012
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