HB 298 – AS INTRODUCED

2009 SESSION

09-0331

10/09

HOUSE BILL 298

AN ACT excluding the value of a view from determination of market value for property tax assessments.

SPONSORS: Rep. K. Hutchinson, Rock 3; Rep. Bettencourt, Rock 4; Rep. Introne, Rock 3

COMMITTEE: Local and Regulated Revenues

ANALYSIS

This bill excludes the value of the view external to a property from the appraisal of a property for property tax purposes.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

09-0331

10/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Nine

AN ACT excluding the value of a view from determination of market value for property tax assessments.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 Appraisal of Taxable Property; Full and True Value; View Excluded. Amend RSA 75:1 to read as follows:

75:1 How Appraised. The selectmen shall appraise open space land pursuant to RSA 79-A:5, open space land with conservation restrictions pursuant to RSA 79-B:3, land with discretionary easements pursuant to RSA 79-C:7, residences on commercial or industrial zoned land pursuant to RSA 75:11, earth and excavations pursuant to RSA 72-B, land classified as land under qualifying farm structures pursuant to RSA 79-F, residential rental property subject to a housing covenant under the low-income housing tax credit program pursuant to RSA 75:1-a, and all other taxable property at its market value. Market value means the property’s full and true value as the same would be appraised in payment of a just debt due from a solvent debtor, provided, however that full and true value shall not consider any value of a scenic view or other view external to a property. The selectmen shall receive and consider all evidence that may be submitted to them relative to the value of property, the value of which cannot be determined by personal examination.

2 Effective Date. This act shall take effect April 1, 2009.