March 1, 2015 is the deadline to challenge your 2014 real estate taxes.
Please keep in mind the deadline to challenge your 2014 real estate taxes is March 1, 2015. For more information on the application process, please visit our tax abatement page.
Should you pay your taxes while challenging your assessed value?
New Hampshire does not require a taxpayer to pay his or her taxes to request an abatement; however, paying taxes usually is a good idea because the municipality will assess 12% interest on unpaid taxes while only being obligated to pay 6% on abated taxes. Given today’s interest rate environment, “overpaying” taxes is not a bad deal, assuming an abatement eventually is obtained.
Also of note….
Who gets a refund of unused impact fees?
New Hampshire law requires municipalities to refund impact fees that are not appropriated within six years, but who gets the refund, the original developer/payor or the current owners? The New Hampshire Supreme Court ruled on December 10, 2014 that towns have the flexibility to pass ordinances stating that refunds be paid to current owners rather than the original developer. In an exercise of statutory construction, the court compared the refund language in the impact fee section of RSA 674:21 to the impact fee language in the exaction fee section of RSA 674:21 for assistance in arriving at its conclusion. We do not believe this ruling prevents towns from passing ordinances stating that an original developer or its successor-in-interest receive the impact fee refund, but it clearly gives towns the ability to permit future owners to receive the refunds. K.L.N. Construction Company, Inc. v. Town of Pelham (December 10, 2014)
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