Upcoming Event: 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 … [Read more...]
New Hampshire Property Tax Alerts
April 2017 NH Real Estate Law Alert – Private road maintenance; Education property tax exemption; Amazing but true – monkey selfies
Upcoming Event: 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 … [Read more...]
April 2016 NH Property Tax Alert- Income approach to value; Unmarried person’s interest in real estate occupied with partner; December 31 lot consolidation deadline.
Income capitalization approach to valuation Here is how the New Hampshire Supreme Court characterizes the income approach to value: The income capitalization approach measures the present value of property on the basis of the future net income the property could produce for the owner. The net income is the rent the property would generate on … [Read more...]
March 2016 NH Property Tax Alert – Did you miss the March 1 Tax Abatement Deadline?; Tax sales – not fair market; Spot assessing; Sunday laws; If you request a tax abatement, can the municipality increase your assessment?
You missed the March 1 deadline - now what? March 1 was the deadline to request an abatement of real estate taxes under RSA 76:16,I(b). The courts and BTLA have been strict in holding taxpayers to that deadline. If a proper abatement application was not filed by March 1 then the taxpayer lost the right to challenge their 2015 assessment. In … [Read more...]
January 2016 NH Property Tax Alert : March 1 tax abatement deadline; Gifts; Mortgage discharge penalty; Evictions; Amazing but true – you can’t kiss and make up
March 1, 2016 is the deadline to challenge your 2015 real estate taxes. Please keep in mind the deadline to challenge your 2015 real estate taxes is March 1, 2016. For more information on the application process, please visit our web … [Read more...]
December 2015 NH Property Tax Alert – Current Use Update and Supplemental Tax Bills; 2015 NAPTA Annual Meeting; Adverse Possession; Class VI highways
Current Use Update and Supplemental Tax Bills In the recent case of JMJ Properties, LLC v. Town of Auburn (August 11, 2015), the New Hampshire Supreme Court ruled that towns could issue replacement, or supplemental tax bills, against property that had come out of current use prior to April 1. Property tax practitioners were curious to … [Read more...]
October 2015 NH Property Tax Alert – Homestead Exemption; Fines for Zoning Violations; Ski Injury Litigation; NH Tax Amnesty
New Hampshire Homestead Exemption Will Rise to $120,000 Beginning January 1, 2016 The New Hampshire Homestead Protection Act allows property owners to declare a portion of their property a "homestead" and thus off limits to unsecured creditors, in cases of financial hardship, bankruptcy, or upon death of a spouse or loved one. The exemption … [Read more...]
September 2015 NH Property Tax Alert – How Encumbrances can Affect Assessed Value; Who can Foreclose; Revocable Trusts
Can encumbrances affect a property’s assessed value? Yes, sometimes they can. A property may be subject to so many restrictions as to have no real value. Common area in a residential or commercial development is a potential example. The argument would be that any value associated with the common area should be included in the value of … [Read more...]
August 2015 NH Property Tax Alert – Low Income Housing Tax Credits; Taxation of Long Term Leases; Extending the Statute of Limitations
Low Income Housing Tax Credits- What are they? Internal Revenue Code 26 U.S.C. §42 allows the federal government to make available federal income tax credits to incentivize private developers to construct and invest in low-income housing. Low income housing tax credits (“LIHTC”) are allocated between the states, and awarded at the state level by … [Read more...]
NH Property Tax Alert July 2015 – Don’t count on the rollover statute; More on impact fees
New Hampshire law permits an assessed value that has been re-set by the superior court or BTLA to “roll over” to subsequent years without the need for the taxpayer to re-file tax abatement requests each year. One question is whether the rollover statute applies where a taxpayer and the municipality stipulate as to the new value, or whether the … [Read more...]