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Real estate tax abatements.
 For the latest news on reducing property taxes, don’t miss the latest blogs and newsletters from Allobar Strategies.
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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 is fifty percent (50%) of the increase in assessed value attributable to construction of new structures, as well as additions, renovations, or improvements to existing structures. The exemption may run for a maximum period of 10 years following the new construction.
The first step, therefore, is for a municipality to adopt the exemption. Once in place, an owner must act early by applying for the exemption by December 31 of the year preceding the tax year for which the exemption is sought. Tax years begin April 1.
The exemption shall apply only for municipal and local school property taxes assessed by the municipality which shall exclude state education property taxes and county taxes
The types of uses for which the exemption applies include all retail, wholesale, service, and similar uses, and all manufacturing, production, assembling, warehousing, or processing of goods or materials for sale or distribution, research and development activities, or processing of waste materials.
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Private road maintenance update.
 For an update on recent case law and legislative initiatives on the thorny issue of private road maintenance where not agreement exists, don’t miss the article written by Paul Alfano in the May 2017 edition of the New Hampshire Bar News entitled “Private Roads are Getting Public Attention.”
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You’re ousted! – fighting adverse possession.
Most real estate investors are aware of the concept of adverse possession: possessing someone else’s land continuously, openly and exclusively for twenty years can result in the possessor acquiring title to that land repeated. For the owner to break the possession, the adverse possessor must be “ousted.” And what is required to “oust” someone? Telephone calls and emails complaining about the encroachment are not enough. Steps must be taken to “eject” or “disrupt” the possession. This sounds menacing, so the prudent course may be to file suit and get the matter resolved. See O’Malley v. Little (August 31, 2017)
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Alfano holds forth.
On June 12, Paul Alfano discussed how owners of real estate can reduce their property taxes at a comprehensive two-day seminar sponsored by the National Business Institute called the “Real Estate Boot Camp.”
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