New Hampshire Revised Statutes 79-B:3 – Assessment of Open Space Land Subject to Conservation Restriction
Current as of: 2023 | Check for updates
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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 N.H. Rev. Stat. Chapter 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.
II. This section shall not apply to developed land.
Terms Used In New Hampshire Revised Statutes 79-B:3
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.