Share of adjusted gross income for homeowners above and below $125,000 in household income, 2023

The Vermonters with the most income don’t pay school taxes based on income.
Vermonters can pay their school taxes either based on income or on property value. For most Vermonters, paying by income is the better deal. But for higher-income Vermonters, paying by property is cheaper. While Vermonters with incomes above about $125,000 represent just 30 percent of households, they hold 60% of the total income tax base—more than $13 billion.