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New Hampshire RSA — Title V (Taxation)

RSA 72:81

Property Tax Exemption. –

Official textgencourt.state.nh.us

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.
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:

# (a)

To all properties within the municipality; or

# (b)

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

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

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In this chapter (40 sections)
  1. 72:39 · Repealed by 1996, 140:10, I, eff. Jan. 1, 1998. –
  2. 72:39-a · Conditions for Elderly Exemption. –
  3. 72:39-b · Procedure for Adoption and Modification of Elderly Exemption.…
  4. 72:40 · Repealed by 1996, 140:10, II, eff. Jan. 1, 1998. –
  5. 72:40-a · Limitation. –
  6. 72:40-b · Publishing Prohibited. –
  7. 72:41 · Proration. –
  8. 72:41-a · Removal From State; Residency Requirement. –
  9. 72:42 · Repealed by 1994, 102:3, II, eff. July 10, 1994. –
  10. 72:43 · Repealed by 2007, 182:7, II, eff. April 1, 2007. –
  11. 72:43-d · Repealed by 1981, 496:2, eff. June 29, 1981. –
  12. 72:43-h · Repealed by 1996, 140:10, V, eff. Jan. 1, 1998. –
  13. 72:61 · Definition of Solar Energy Systems. –
  14. 72:62 · Exemption for Solar Energy Systems. –
  15. 72:63 · Repealed by 2003, 299:29, VI, eff. April 1, 2003. –
  16. 72:64 · Application for Exemption. –
  17. 72:65 · Definition of Wind-Powered Energy System. –
  18. 72:66 · Exemption for Wind-Powered Energy Systems. –
  19. 72:67 · Repealed by 2003, 299:29, VII, eff. April 1, 2003. –
  20. 72:68 · Application for Exemption. –
  21. 72:69 · Definition of Woodheating Energy System. –
  22. 72:70 · Exemption for Woodheating Energy Systems. –
  23. 72:71 · Repealed by 2003, 299:29, VIII, eff. April 1, 2003. –
  24. 72:72 · Application for Exemption. –
  25. 72:73 · Definition of Renewable Generation Facility. –
  26. 72:74 · Payment in Lieu of Taxes. –
  27. 72:74-a · Payment in Lieu of Taxes for Combined Heat and Power…
  28. 72:75 · Definitions. –
  29. 72:76 · Property Tax Exemption. –
  30. 72:77 · Procedure for Adoption. –
  31. 72:78 · Application for Exemption. –
  32. 72:79 · Repealed by 2016, 157:2, eff. Jan. 1, 2017. –
  33. 72:80 · Definitions. –
  34. 72:81 · Property Tax Exemption. –
  35. 72:82 · Procedure for Adoption. –
  36. 72:83 · Application for Exemption. –
  37. 72:84 · Electric Energy Storage System; Definition. –
  38. 72:85 · Exemption for Electric Energy Storage Systems. –
  39. 72:86 · Application for Exemption. –
  40. 72:87 · Exemption for Renewable Generation Facilities and Electric…
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