New Hampshire 2025 Regular Session

New Hampshire Senate Bill SB225 Compare Versions

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Version 2 (New)

Old	New	Differences
1	1	SB 225-FN-LOCAL - AS AMENDED BY THE SENATE
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5	5	03/06/2025 0602s
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7	7	2025 SESSION
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9	9	25-0334
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11	11	07/02
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15	15	SENATE BILL225-FN-LOCAL
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19	19	AN ACTrequiring public notice before re-assessment of property values for local tax purposes.
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23	23	SPONSORS:Sen. Avard, Dist 12; Sen. Lang, Dist 2; Rep. Ohm, Hills. 10; Rep. Rice, Hills. 38; Rep. Hill, Merr. 2
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27	27	COMMITTEE:Election Law and Municipal Affairs
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35	35	AMENDED ANALYSIS
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39	39	This bill requires municipalities to post a public notice prior to conducting any annual or 5-year revaluation of property.
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47	47	Explanation:Matter added to current law appears in bold italics.
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49	49	Matter removed from current law appears [in brackets and struckthrough.]
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51	51	Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
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53	53	03/06/2025 0602s25-0334
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55	55	07/02
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59	59	STATE OF NEW HAMPSHIRE
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63	63	In the Year of Our Lord Two Thousand Twenty Five
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67	67	AN ACTrequiring public notice before re-assessment of property values for local tax purposes.
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71	71	Be it Enacted by the Senate and House of Representatives in General Court convened:
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75	75	1 Appraisal of Taxable Property; Annual Appraisal; Municipalities Over 10,000; 45-Day Notice of Revaluation. Amend RSA 75:8-b to read as follows:
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77	77	75:8-b Annual Appraisal; Municipalities Over 10,000. Except when assessing real estate under RSA 75:8-a, any municipality with a population over 10,000 as determined pursuant to RSA 78-A:25 intending to appraise real estate annually at market value, as defined in RSA 75:1, shall authorize such annual appraisal by a majority vote of the governing body. The governing body shall hold 2 public hearings regarding the annual appraisal process at least 15 days, but not more than 60 days, prior to the governing body's authorization vote. Any municipality with a population over 10,000 as determined pursuant to RSA 78-A:25 annually appraising real estate at market value shall provide notification of changes to the assessed valuation at least 45 days prior to the issuance of the final tax bill[, either]. Such notice shall be by individual notice to the property owner, by public notice in a local newspaper of general circulation, by public notice on the municipalities' main website or any social media accounts utilized by the municipality, and public notice posted in the 2 places where the municipality regularly posts notices of its governing body meetings, [or] and by any other means deemed appropriate by the governing body.
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79	79	2 New Section; Five-Year Valuation Notice. Amend RSA 75 by inserting after section 8-b the following new section:
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81	81	75:8-c Five Year Valuation Notice. Any municipality that conducts a reappraisal of property pursuant to RSA 75:8-a shall provide notification of changes to the assessed valuation at least 45 days prior to the issuance of the final tax bill. Such notice shall be by individual notice to the property owner, by public notice in a local newspaper of general circulation, by public notice on the municipalities' main website and any social media accounts utilized by the municipality, by public notice posted in the 2 places where the municipality regularly posts notices of its governing body meetings, and by any other means deemed appropriate by the governing body.
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83	83	3 Effective Date. This act shall take effect July 1, 2026.
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87	87	LBA
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89	89	25-0334
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91	91	12/19/24
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95	95	SB 225-FN-LOCAL- FISCAL NOTE
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97	97	AS INTRODUCED
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101	101	AN ACTrequiring public notice before re-assessment of property values for local tax purposes.
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105	105	FISCAL IMPACT:
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108	108	Estimated Political Subdivision Impact
109	109	FY 2025 FY 2026 FY 2027 FY 2028
110	110	County Revenue $0 $0 $0 $0
111	111	County Expenditures $0 $0 $0 $0
112	112	Local Revenue $0 $0 $0 $0
113	113	Local Expenditures $0 $0 IndeterminableIncrease IndeterminableIncrease
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117	117	Estimated Political Subdivision Impact
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121	121	FY 2025
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123	123	FY 2026
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125	125	FY 2027
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127	127	FY 2028
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129	129	County Revenue
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131	131	$0
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133	133	$0
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135	135	$0
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139	139	County Expenditures
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141	141	$0
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147	147	$0
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149	149	Local Revenue
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151	151	$0
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159	159	Local Expenditures
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161	161	$0
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163	163	$0
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165	165	Indeterminable
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167	167	Increase
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169	169	Indeterminable
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171	171	Increase
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175	175	METHODOLOGY:
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177	177	This bill requires municipalities to post a 90-day notice prior to conducting any annual or 5-year revaluation of property. This would require that all municipalities provide notification in all of the following ways: by individual notice to the property owner, by public notice in a local newspaper of general circulation, by public notice on the municipalities' main website and any social media accounts utilized by the municipality, public notice posted in two places where the municipality regularly posts notices of its governing body meetings, and by any other means deemed appropriate by the governing body. The New Hampshire Municipal Association (NHMA) anticipates this to have an indeterminate but significant impact on municipal costs, primarily due to the staff time, printing, and mailing expenses involved in providing individual notices. These costs will vary among municipalities.
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181	181	AGENCIES CONTACTED:
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183	183	New Hampshire Municipal Association