As an owner of the property or a home, in the state of New Hampshire, you probably already know you are going to need to pay property taxes. Everyone does. However, the amount you pay in property taxes is dependent on where you live. Some areas of the state have higher property taxes than others. This is why it is … Read the rest
New Hampshire Property Tax Alerts
Owning a home in New Hampshire comes with so many different legal concerns. There are many things to know, whether you are just signing the paperwork for the mortgage or you have owned the home for years and now need to determine what to do with it when a spouse dies. Owning a house jointly with another person may seem … Read the rest
State and local taxes (or SALT) are taxes charged in addition to any federal taxes. Many states and localities charge these taxes. Most states choose to use income and sales tax, as well as property and real estate taxes for their state and local taxes. However, in the state of New Hampshire, property and real estate taxes cover the local … Read the rest
In the state of New Hampshire, certain condos must be registered, while others do not. We understand that rules like this can be a little confusing, so we wanted to share a few details with you to help you out.
The New Hampshire Supreme Court has upheld a denial of tax abatement for a commercial property in Dover.
I) Background on Tax Abatement in New Hampshire
Municipal ad-valorem property taxes are based on the fair market value of the subject property. If a city values the property for more than it is actually worth, the property owner ends up … Read the rest
For the first time in over 25 years the Department of Environmental Services has made significant updates to Wetlands rules and regulations. Also among the updates are Shoreland standards, Alteration of Terrain rules, and surface water quality standards. The changes incorporate statutory updates, as well as scientific advances and better reflect what has been occurring operationally. … Read the rest
The concept of rising sea levels has become more common in American news over the past decades. It has become a consistent point of concern for politicians and civilians alike. Many news outlets focus on changes that need to be made to slow or halt rising sea levels. This will help to prevent future catastrophes from taking place. But while … Read the rest
Don’t mess-up the tax exemption for municipal real estate.
New Hampshire exempts real estate owned by municipalities from the state real estate tax except where the property is used or occupied by a non-exempt party under a lease or other agreement requiring that party to pay the taxes. RSA 72:23. But what happens if that party sublicenses the property to
Real estate tax abatements.
New commercial and industrial property tax exemption.
Effective August 28, 2017, New Hampshire municipalities may adopt a property tax exemption intended to provide incentives to businesses to build, rebuild, modernize, or enlarge within the municipality. The maximum exemption
On June 12 & 13 Paul Alfano will be speaking at Real Estate Book Camp, a comprehensive two-day seminar sponsored by the National Business Institute and featuring ten noted New Hampshire attorneys. Paul is scheduled to speak on “Tax Matters in Real Estate,” with a focus on how property owners can reduce their property tax liability.… Read the rest