Residents and visitors to Vermont paid $3.3 billion in taxes in 2018


Vermont collected $3.3 billion in taxes in 2018, a 4 percent increase from the previous year, according to the U.S. Census Bureau’s Annual Survey of State Government Tax Collections (STC).

Most tax revenue came from sales and gross receipts taxes ($1.1 billion) and property taxes ($1.1 billion).

The STC survey includes five broad tax categories and up to 25 subcategories. Data is gathered from all 50 state governments and all dependent state-level entities.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Below is a breakdown of how taxes were classified by the bureau and how much was collected.

2018 Vermont Tax Collections
Type of Tax
Amount
Property taxes
$1,065,767,000
Sales and gross receipts taxes
$1,095,321,000
License taxes
$126,404,000
Income taxes
$930,149,000
Other taxes
$66,590,000
General sales and gross receipts taxes
$397,691,000
Selective sales and gross receipts taxes
$697,630,000
Alcoholic beverages sales tax
$26,892,000
Amusements sales tax
$0
Insurance premiums sales tax
$59,370,000
Motor fuels sales tax
$82,953,000
Pari-mutuels sales tax
$0
Public utilities sales tax
$8,878,000
Tobacco products sales tax
$71,078,000
Other selective sales and gross receipts taxes
$448,459,000
Alcoholic beverages license
$469,000
Amusements license
$23,000
Corporations in general license
$3,686,000
Hunting and fishing license
$7,294,000
Motor vehicle license
$72,957,000
Motor vehicle operators license
$11,972,000
Public utilities license
$0
Occupation and business license, nec
$25,674,000
Other license taxes
$4,329,000
Individual income taxes
$819,330,000
Corporations net income taxes
$110,819,000
Death and gift taxes
$22,935,000
Documentary and stock transfer taxes
$38,366,000
Severance taxes
$0
Taxes, nec
$5,289,000

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