FERRISBURGH — Vermont Electric Power Co. has agreed to pay about $200,000 to five Vermont towns to make up for property tax revenue those towns have lost since 2009 due to a what a VELCO official called a “miscalculation” on how it assessed property in those five towns and Shelburne.
Because of its error, VELCO paid roughly $200,000 more than it should have to Shelburne and collectively $200,000 less than it should have to the three Addison County towns, South Burlington and Charlotte.
