HB 1619 – AS INTRODUCED
2012 SESSION
10/03
HOUSE BILL 1619
AN ACT relative to the assessment of property taxes on the value that exceeds $50,000.
SPONSORS: Rep. G. Richardson, Merr 4; Rep. Weber, Ches 2
COMMITTEE: Municipal and County Government
This bill establishes that the taxable value for all assessments of property taxes shall exclude the first $50,000 of value of each parcel.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
12-2495
10/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twelve
AN ACT relative to the assessment of property taxes on the value that exceeds $50,000.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Taxation; Definition of Taxable Value; New Paragraph. Amend RSA 76:1-a by inserting after paragraph III the following new paragraph:
IV. “Taxable value” for the purposes of the determination of taxes due and owing and assessed by the selectmen or assessors under RSA 76:5 shall mean the assessed value of property appraised according to RSA 75:1 less the first $50,000 in assessed value of each and every parcel subject to tax.
2 Property Taxes; Assessment at Taxable Value. Amend RSA 76:5 to read as follows:
76:5 What Taxes Assessed. The selectmen shall seasonably assess, at the taxable value therefor, as provided in RSA 76:1-a, IV, all state and county taxes for which they have the warrants of the commissioner of revenue administration and county treasurers respectively; all taxes duly voted in their towns; and all school and village district taxes authorized by law or by vote of any school or village district duly certified to them; and all sums required to be assessed by RSA 33 and RSA 21-J:9-c. Any assessments report issued by the commissioner pursuant to RSA 21-J:11-a shall not affect the authority of the selectmen to assess taxes.
3 Effective Date. This act shall take effect April 1, 2012.