Have you ever looked at your property tax card? If you haven’t, you may want to check it out sooner than later. We have heard from a few people that they were paying too much in property taxes. The reason being their property tax card had incorrect information listed. Your tax card may not have any errors. However, you won’t … Read the rest
Property Tax Law Articles
Homestead is a property tax exemption term referring to a homeowner who occupies their own primary residence. When someone claims a homestead tax exemption on the property they own and occupy, they are entitled to receive up to a $120,000 exemption on the tax-assessed value of their property. Married couples who own and occupy the same residence can receive an … Read the rest
New Hampshire law provides special tax exemptions to municipality-owned real estate. This means the municipalities are not required to pay state real estate taxes on their properties. However, the municipalities are not exempt from paying taxes if non-exempt parties occupy or use their properties as part of a lease or tax agreement.
Is a non-exempt party allowed to sublicense … Read the rest
You’ve probably heard real estate gurus talk about how you can generate lots of monthly passive income by renting out your investment property or primary home to tenants. However, they don’t often tell you about all the challenges landlords face when dealing with tenants. For instance, you must know how to screen tenant applicants properly and create lease agreements with … Read the rest
When a person begins to describe property, they might be a little leery to talk about anything other than land or a home. However, property is basically anything that is owned by a person or even a company. So, you are talking about cars, clothes, and even pets in addition to any real estate. All of those things can be … Read the rest
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
Have you ever checked out your property tax card for any land you currently own? Every parcel of land in New Hampshire has one of these cards. Or at least they used to. The form of the tax card has changed over the years, thanks to technology.
Years ago, you could head to the Assessor’s Office in your town or … 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
March 1, 2021 is the deadline to challenge your 2020 real estate taxes.
Please keep in mind the deadline to challenge your 2020 real estate taxes is March 1, 2021. Your request for a refund must be postmarked by this date and addressed to the municipality in order for the municipality to grant you a refund. You can obtain a … Read the rest