79-B:3 Assessment of Open Space Land Subject to Conservation Restriction. –
I. Except as provided in this chapter, the selectmen or assessing officials shall assess restricted land for general property tax purposes at values based upon permanent restrictions, and in no case greater than those determined to be the fair market value for open space land determined by the board. Should RSA 79-A no longer be in effect, the basis for restricted land assessment shall be upon the permanent restrictions on the land.
II. This section shall not apply to developed land.
Source. 1990, 13:1. 1991, 62:5, eff. July 5, 1991.