Homestead Declaration and Property Tax Credit Claim

What is a HS‑122 form?

Empowering form for Vermont homeowners and renters to lock in homestead status for education tax breaks and snag a refundable credit covering up to 32% of school taxes or fair rent equivalents, easing the sting of housing costs for modest earners.

• Collect proof: deed/lease, property tax bill, rent receipts, and income docs (AGI from federal return).
• Fill applicant info, homestead address/parcel ID, household members, and total household income.
• Report education taxes paid or 20% of rent as "rent constituting property taxes."
• Compute credit using the built-in table based on income and taxes paid; claim up to $8,000 max.
• Sign under oath (notary optional) and date; include spouse if joint.
• Attach to IN-111 if filing together, or mail standalone to VT Dept of Taxes, PO Box 1875, Montpelier, VT 05601-1875.
• Expect refund check by September if approved; appeal denials within 30 days via myVTax.