Perpetual or redeemable leases Perpetual or redeemable leases upon which rent is reserved, except of lands exempt from taxation, shall have an appraisal value as personal estate at a sum of which the rent is six percent. (Amended 1965, No. 45.)
Vermont Legal Code
§ 3609
Vermont Title 32 — Vermont law
Source: https://legislature.vermont.gov/statutes/section/32/123/03609· Version 2026