New Hampshire HB1786 establishes a state assessment on luxury second homes to fund housing development programs and address housing shortages.
New Hampshire HB1786 creates a state assessment on non-homestead luxury second homes to fund statewide housing development programs and address housing shortages. The assessment applies to residential properties with an assessed value over $1,000,000 that are not used as a primary residence for at least 183 days per year. The assessment rate is $2.50 per $500 of assessed value above $1,000,000, with the threshold adjusted annually for inflation starting in 2028.
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- Legal Framework
- Critical Issues
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