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
New Hampshire Property Tax Alerts
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. After all, as one of the people in charge of New Hampshire condos, you want to make sure you are … Read the rest
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
The N.H. Board of Tax and Land Appeals (BTLA), an administrative board that is responsible for deciding appeals of denial of property tax abatements, has extended all deadlines for mediation to June 1, 2020 in response to the COVID-19 pandemic. A party is not required to file a request for a written extension. The BTLA sets a deadline for … Read the rest
Governor Sununu’s Emergency Order 25 authorizes municipalities to “grant blanket abatements of the interest charged on all property taxes not paid after their assessment for the duration of the State of Emergency….” This power already exists under RSA 76:16 and RSA 29:12, although the emergency order simplifies the process for the county portion of taxes.
•A municipality … 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