New Hampshire HB1293 amends property tax exemptions for charitable organizations with property values over $1 million.

New Hampshire HB1293 amends the property tax exemption for charitable organizations. It exempts buildings, lands, and personal property used for the organization's purpose if the value does not exceed $1 million in any municipality. For properties valued over $1 million, the excess value is taxable at the municipal rate. Towns and cities can vote to increase the exemption amount. The bill takes effect April 1, 2027.

New Hampshire HB1293 amends property tax exemptions for charitable organizations with property values over $1 million.

New Hampshire HB1293 amends the property tax exemption for charitable organizations. It exempts buildings, lands, and personal property used for the organization's purpose if the value does not exceed $1 million in any municipality. For properties valued over $1 million, the excess value is taxable at the municipal rate. Towns and cities can vote to increase the exemption amount. The bill takes effect April 1, 2027.