Bill > SB91

This bill modifies the process for property tax appraisals of residences located in industrial or commercial zones. Currently, property owners must apply annually for a special appraisal that values their residential property based on its current residential use. The bill changes this requirement by allowing owners to file just one application for a special appraisal, after which they will not need to reapply each year. The property will remain classified under the special residential appraisal until the assessing officials determine that its use has changed. Owners can still submit their initial application by April 15 each year, and if they missed the deadline due to accident, mistake, or misfortune, they may still apply later, but not after the local tax rate has been approved by the state's Revenue Administration Commissioner. The bill will take effect on April 1, 2026, and while the fiscal impact is expected to be minimal, the New Hampshire Municipal Association suggests that it could potentially increase administrative costs for municipalities since the responsibility for verifying a property's continued residential use will shift from the property owner to the local government.

Business and Industry, Housing and Urban Affairs

https://gc.nh.gov/bill_status/legacy/bs2016/bill_status.aspx?lsr=1127&sy=2025&sortoption=&txtsessionyear=2025&txtbillnumber=SB91