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RSA 72:81 · Property Tax Exemption

Title
V: TAXATION
Chapter
72 · PERSONS AND PROPERTY LIABLE TO TAXATION
Status
current
Official source linked
Yes
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72:81 Property Tax Exemption. –

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I.

An eligible municipality may, by vote of the local legislative body pursuant to RSA 72:82, adopt a new construction property tax exemption for commercial or industrial uses, or both. The intent of the exemption is to provide incentives to businesses to build, rebuild, modernize, or enlarge within the municipality. The exemption shall apply only for municipal and local school property taxes assessed by the municipality which shall exclude state education property taxes under RSA 76:3 and county taxes assessed against the municipality under RSA 29:11, and shall be a specified percentage on an annual basis of the increase in assessed value attributable to construction of new structures, and additions, renovations, or improvements to existing structures, but which shall not exceed 50 percent per year. The exemption may run for a maximum period of 10 years following the new construction.

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II.

Once adopted by the local legislative body, the percentage rate and duration of the exemption shall be granted on a per case basis based on the amount and value of public benefit as determined by the governing body either:

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(a)

To all properties within the municipality; or

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(b)

To a specific group or groups of parcels within the municipality as designated by the legislative body.

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III.

For the purposes of this section, public benefit shall be defined by the local legislative body as part of the adoption of the property tax exemption. Source. 2017, 179:2, eff. Aug. 28, 2017. 2019, 221:1, eff. July 12, 2019.

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Source note

Source. 2017, 179:2, eff. Aug. 28, 2017. 2019, 221:1, eff. July 12, 2019.

Source history

  • 2017, 179:2, eff. Aug. 28, 2017
  • 2019, 221:1, eff. July 12, 2019

Related materials

Bill relationships

  • 2026 HB1417 reference · effective 2027-01-01

    old income. Deferred taxes shall constitute a lien as provided by RSA 80. IV. Nothing in this section shall limit the use of existing deferral and abatement authorities under RSA 72 and RSA 76. 76:29 Appeals. I. Taxpayers may appeal land value and improvement value assessments as provided in RSA 75 and RSA 76:16-a, and to the BTLA under RSA 71-B. II. For LVT municipalities, assessment a

  • 2026 HB1417-FN reference · effective 2027-01-01

    old income. Deferred taxes shall constitute a lien as provided by RSA 80. IV. Nothing in this section shall limit the use of existing deferral and abatement authorities under RSA 72 and RSA 76. 76:29 Appeals. I. Taxpayers may appeal land value and improvement value assessments as provided in RSA 75 and RSA 76:16-a, and to the BTLA under RSA 71-B. II. For LVT municipalities, assessment a

  • 2026 HB1580 amend · effective 2027-04-01

    nces. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Section; Taxation; Property Taxes; Non-Primary Residence Surcharge. Amend RSA 72 by inserting after section 6-a the following new section: 72:6-b Non-Primary Residence Surcharge. I. As used in this section: (a) “Non-primary residence” means any residential property, including single-family

  • 2026 HB1580-FN-L amend · effective 2027-04-01

    nces. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Section; Taxation; Property Taxes; Non-Primary Residence Surcharge. Amend RSA 72 by inserting after section 6-a the following new section: 72:6-b Non-Primary Residence Surcharge. I. As used in this section: (a) “Non-primary residence” means any residential property, including single-family

  • 2026 HB1648 amend · effective 2027-01-01

    qualifying residences. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 New Subdivision; Owner-Occupied Residence Tax Relief. Amend RSA 72 by inserting after section 87 the following new subdivision: Owner-Occupied Residence Tax Relief 72:88 Purpose. The purpose of this subdivision is to provide a property tax exemption of up to $300,000 for owner-oc

  • 2026 HB1659 amend · effective 2027-04-01

    -a, 72:37-b, 72:38-a, 72:38-b, 72:39-a, 72:39-b, 72:39-c, 72:41, 72:62, 72:66, 72:70; 72:85, and 72:87; and 5 New Section; Disabled Veteran Homestead Property Tax Credit. Amend RSA 72 by inserting after section 39-b the following new section: 72:39-c Disabled Veteran Homestead Property Tax Credit. I. Any city or town may adopt the homestead property tax credit established under this section by

  • 2026 HB1674 amend · effective 2027-04-01

    ed the amount provided in RSA 72:37, 72:37-b, 72:38-b, [or] 72:39-b, or 72:60-b. 5 New Sections; Taxation; Persons and Property Liable to Taxation; Homestead Exemption. Amend RSA 72 by inserting after section 60 the following new sections: 72:60-a Conditions for Homestead Exemption. I. No exemption shall be allowed under RSA 72:60-b unless the person applying therefor: (a) Has resided a

  • 2026 HB1707 amend · effective 2027-04-01

    ted by the Senate and House of Representatives in General Court convened: 1 New Section; Taxation; Persons and Property Liable to Taxation; Supplemental Residence Tax. Amend RSA 72 by inserting after section 6-a the following new section: 72:6-b Unoccupied Housing Tax. Any owner of property that is unoccupied for at least 6 months of the tax year, or is occupied as a short-term rental for at l

  • 2026 HB1707-FN amend · effective 2027-04-01

    ted by the Senate and House of Representatives in General Court convened: 1 New Section; Taxation; Persons and Property Liable to Taxation; Supplemental Residence Tax. Amend RSA 72 by inserting after section 6-a the following new section: 72:6-b Unoccupied Housing Tax. Any owner of property that is unoccupied for at least 6 months of the tax year, or is occupied as a short-term rental for at l

  • 2026 HB1739 reference · effective 2026-04-01

    eration" means electricity generated from nuclear, hydroelectric, solar with storage, wind, or geothermal sources. 162-V:3 Property-Tax Stabilization Agreements. Notwithstanding RSA 72:81, a municipality may offer a phased property-tax stabilization agreement or payment in lieu of taxes ("PILOT") for a qualifying data-center campus. The agreement may phase in full taxation over a period not to exceed 12

  • 2026 HB1739-FN reference · effective 2026-04-01

    eration" means electricity generated from nuclear, hydroelectric, solar with storage, wind, or geothermal sources. 162-V:3 Property-Tax Stabilization Agreements. Notwithstanding RSA 72:81, a municipality may offer a phased property-tax stabilization agreement or payment in lieu of taxes ("PILOT") for a qualifying data-center campus. The agreement may phase in full taxation over a period not to exceed 12

  • 2026 HB595 amend

    unless all such mortgagees or lienholders of record have consented to the lien as provided for in RSA 53-F:5. 10 New Subdivision; Flood Resiliency Improvement Exemption. Amend RSA 72 by inserting after section 87 the following new subdivision: Flood Resiliency Improvement Exemption 72:88 Definition of Flood Resiliency Improvement. For purposes of an exemption under RSA 72:89, in this subdivision