Bill > HB495

This bill requires cities and towns in New Hampshire to provide more detailed information on tax bills sent to residents. Specifically, the bill mandates that tax bills must now show separate rates for municipal, local education, state education, and county taxes, as well as the assessed valuation of lands and buildings. Additionally, the bill introduces a new requirement for tax bills to include a notation that calculates and displays the year-over-year rate change for five different types of taxes: county, local education, state education, town, and precinct taxes. The Department of Revenue Administration will be responsible for computing these rates and providing the necessary information to each town and city. The goal of this legislation is to increase transparency by giving taxpayers a clearer understanding of how their tax rates are changing and breaking down the various components of their tax bill. The bill will take effect on January 1, 2026, and is expected to have a minimal fiscal impact of less than $10,000 per year from 2025 to 2028.

Government Affairs

https://gc.nh.gov/bill_status/legacy/bs2016/bill_status.aspx?lsr=0816&sy=2025&sortoption=&txtsessionyear=2025&txtbillnumber=HB495