Homestead declarations must be filed each year with the Vermont Department of Taxes.
For buyers: If you purchase a home as your principal residence on or before April 1, you need to file a homestead declaration. If you purchase, own and occupy a new home by April 1, you are responsible for filing Form HS-122.
For sellers: If you filed Form HS-122 but sell the property on or before April 1 in any calendar year, you are responsible for withdrawing the homestead declaration and property tax credit claim. You will be responsible for repayment of a property tax credit if issued.