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.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.