New Hampshire

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State of New Hampshire Property Taxes


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State Tax Summary
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The state of New Hampshire names the real property tax Property Tax. The official value standard states that full and true value in money is “the same in payment of a just debt due from a solvent debtor, considering all evidence that may be submitted relative to the property value, the value of which cannot be determined by personal examination.” New Hampshire statues, as amended.

G. Phillip Blastos is the Commissioner of the New Hampshire Department of Revenue Administration with over 28 years experience in property taxes, sales tax, excise tax, property tax relief, and business taxes. The Department of Revenue is responsible for audits, collections, performs property appraisal, automates compliance, financial reports, tax research, litigation, estimates revenues for the state and oversees two major computer database systems in use by the Department of Revenue. The property tax is levied on the market value. Real and personal property is taxed by local taxing entities. In addition, local entities may levy three additional ad valorem taxes and the state government may levy three additional ad valorem taxes. Local entities may authorize eight different types of taxes instead of ad valorem property taxes. Some of the different types of taxes were created to reduce taxes on individuals as an economic development tool. Personal exemptions are for homeowners, renters, seniors, those with disabilities and veterans. Municipalities may grant exemptions for blind persons, solar, wind powered, and wood heating energy system exemptions. There is no personal property tax. Also exempt are cemeteries, and government, religious, charitable, and educational property. The Boston Area Service Center (ASC) provides tax service for New Hampshire.

Responsible agency

Property tax calendar

Contents

  • Assessment date April 1
  • Valuation Notice Date Notices are sent annually. Concord City issues notices every quarter.
  • Appeal Deadline 30 days from date of mailing of notice or June 31
  • Bill Payment Date No statutory due dates exist; however there are customary installment due dates. The majority have two installments: July 1 and December 1; Portsmouth and Dover have two installments: June 1 and December 1; One installment for remaining cities and towns: December 1; and Four installments: July 1, October 1, January 2 and March 31 for Concord City.

Property tax rates and dates

  • Annual assessment of real property Yes
  • Classification of property Residential land is Class III and assessed at 100%; residential buildings are Class VI and assessed at 100%.
  • Collections Taxes are collected one year in arrears
  • Fiscal year Taxing authorities can select from two fiscal years: July 1 through June 30 or January 1 through December 31.
  • Level of government responsible for assessment County,City, Town
  • Reassessment cycle Every 4 years
  • Tax Calculation Rate Tax assessment year is April 1 to March 31, and is different from the tax fiscal year. Tax calculations vary by taxing entity, and include the town, city, school and state for a total of property tax due. New Hampshire does not tax any class of property at different assessment ratios or tax rates.

Residential Exemptions

Exemption claims must be filed to receive exemption from specially treated property. An exemption will reduce the local assessed value of property and a credit will reduce the amount of tax due.

  • Homestead

The Homestead Property Tax Relief program is for handicapped and disabled persons. A residence of a legally blind, deaf or severely hearing impaired person may be exempt for $15,000 of a homestead appraised value. Home improvement values to accommodate a persons with disabilities may be exempt by the local tax authority. Any person receiving federal SSI may be eligible for a residential exemption chosen by the local town or city. Households are not eligible for a property tax credit if their income is totally from Aid to Families with Dependent Children, State FFamilyAssistance or State Disability Assistance.

  • Seniors

An application may be approved for a qualified low-income senior citizen, aged 65 and older, who resided in New Hampshire for at least five years. Exemption amounts vary for age groups but cannot be less than $5000.

  • Veterans

An application may be approved for an honorably discharged disabled veteran in a principal residence that requires adapted housing because of disability and the adaptations were acquired with aassistancefrom the Veterans Administration. Veterans may received a $50 property tax credit or rebate on their residential property. This credit is allowed to the surviving spouse; and cities may adopt an additional credit for $51 to $500 instead of the $50 property tax credit.

Commercial Exemptions

  • Agriculture Personal property exemption

Farm land, forest, and open lands are valued on basis of current use. A land owner that meets a test of public benefit, but does not meet the criteria for an open-space exemption, may apply for a discretionary easement to a local entity for a term of 10 or more years in exchange for property taxed at values equal with open-space usage.

  • Conservation property

A taxpayer must file a declaration with the local county assessor to claim an exemption for a seawall, jetty, groin or dike for the control or prevention of flooding or erosion caused by waters and apply for exemption that is not greater than the assessment for open-space land. Assessment provisions excludes developed land.

  • Enterprise zones

New and existing businesses may qualify for a city granted property tax exemption if they locate in economically distressed areas approved as an Enterprise Zone before 1994 and is exempt through the year 2004; or may qualify for exemption for 6 to 15 years. Qualified businesses may be subject to a specific tax. A local district may exempt all new personal property for an eligible business in a distressed area.

  • Pollution control property

A taxpayer must file a declaration to exempt property used exclusively for water or air pollution control.

  • Rehabilitation district

Local governments may grant abatements and establish obsolete property rehabilitation districts for up to 12 years for rehabilitated commercial property and commercial housing property located in rehabilitation districts. To qualify for tax abatements the commercial property must be used to manufacture and process good or materials, conduct high-technology activity, and create or synthesize biodiesel fuel.

Tax Collector and Officials

Tax assessors in New Hampshire are elected to three year terms; they must have a college degree or associate degree with two years experience. Special education or certification is not required. The state issued assessor’s manual is available for the public to purchase. County property tax maps are mandatory and equalization is mandatory. The state ratio studies are accessible to the public. The county treasurer is the ex-officio collector in all counties. County Assessors maintain and set property valuations. The County Auditor certifies property valuations. The County Treasurer collects current and delinquent property tax.

Forms

Specific deduction claim forms are available from the Department of Revenue online website http://www.nh.gov/revenue/forms/index.htm

Forms due dates

Applications for deductions against real property must be filed with an affidavit to the local tax collector in New Hampshire and must be filled again if the property changes owners. All deductions for real property require that the ownership must be recorded as of April 1 of the assessment year for taxes payable the following year. Manufactured and mobile homes, on private land, must be owned by April 1 to be eligible for the deductions to be applied to the tax bill for that year and is taxed as real property.

State assessor's manual

  • New Hampshire State Assessor’s Manual
  • State of New Hampshire
  • Department of Revenue
  • 61 South Spring Street
  • PO Box 457
  • Concord, New Hampshire 03302-0457
  • Voice (603) 271-2687
  • FAX (603) 271-6121
  • Price $55.00

How property tax determined

Residential property and land is assessed at 100% of market value and the assessor determines the fair market value. The assessor may use one of three methods.

  • Cost Approach

At current labor and material prices, estimate how much it would take to replace the property with one similar to it. Use this method when there are no sales of comparable properties.

  • Income Approach

For an apartment or office building, estimate how much income the property can produce.

  • Market Approach

Use other comparable properties that have sold recently, determine the most probable sales price of the subject property.

Appeal Procedure

  • First

Try to resolve the problem in an informal meeting with the tax assessor in the local county, after receiving an assessment notice.

  • Second

Next, if not satisfied with the informal meeting, file a formal appeal with the local mmunicipalitywithin two months after receiving the tax notice. The municipality has six months to deny or grant a taxpayer’s appeal.

  • Third

If not satisfied, appeal in writing to one of these, but not both: the Board of Tax and Land Appeals or make a written appeal to the Superior Court . This written appeal must be no later than eight months from the tax notice.

Additional tax classifications

  • Agricultural property tax

Land with current use is Class I and assessed at 100% of assessed value.

  • Commercial property tax

Commercial and industrial land is Class IV and assessed at 100% of assessed value. Commercial and industrial buildings are Class VII and assessed at 100% of assessed value.

  • Conservation and Land

Conservation easements are Class II and not assessed; Land is Class V and not assessed.

  • Personal property tax

There is no tax on personal property.

Additional tax bills and charges

  • Construction Work in Progress

There are no state statutes regarding construction work in progress. Local cities and towns may adopt provisions to collect taxes twice a year for properties that physically changed in value, and compute assessed value for partial payment as of April 1.

  • Corrected bill

When an error is found on the original tax statement or when property owners go before the Board of Review, resulting in tax increases or decreases, a correct bill is issued when the corrections are made. Corrected bills are also issued when levy rates are wrong, the house is on the wrong tax lot and for homeowner exemption.

  • Delinquent taxes

Delinquent balances are applied to subsequent bills. A taxpayer may apply to have late charges, interest and property taxes canceled due to undue hardship or property damaged by a casualty loss event . No notices are sent for delinquent taxes in Michigan.

  • Penalty and Interest charges

Interest is 12% penalty on each year; and assessed from the due date. Interest is increased to 18% per year if taxing authority enforces a lien on the subject property.

Current Legislation and Pending Issues

There are proposed changes for Revenue Administrative rules at http://www.nh.gov/revenue/laws/proposed.htm These rules have not been adopted and are available for public comments before adoption. This draft is for discussion and intended as a guide only. The text of the rules are available on ddisketteor a printed copy, for a fee, from the Division of Administrative Rules.

  • New Hampshire Department of Revenue
  • ATTN: Gail Bartlett
  • 45 ChenellDrive
  • PO Box 457
  • Concord, New Hampshire 03302-0457
  • VOICE: (603) 271-3680

References





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