New Hampshire Revised Statutes 79-E:4-b – Residential Property Revitalization Zones
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I. A city or town may adopt the provisions of this section by vote of its legislative body, according to the procedures described in N.H. Rev. Stat. § 79-E:3, to establish tax relief for the owners of a one or 2-family home or an attached multi-family home with not more than 4 units and which is at least 40 years old, who significantly improves the quality, condition, and/or use of an existing residential structure in a designated residential property revitalization zone.
II. The governing body of a municipality shall designate the area of a residential property revitalization zone in which the tax relief for qualifying structures shall apply. Municipalities may further establish criteria for the public benefits, goals, and measures that will determine the eligibility of qualifying structures for tax relief located within a designated residential property revitalization zone.
III. Municipalities may grant tax relief to the qualifying structure and property as described in N.H. Rev. Stat. § 79-E:4 for the period of tax relief under N.H. Rev. Stat. § 79-E:5, provided that no property may be granted tax relief under this chapter more than once in a 20 year period.
II. The governing body of a municipality shall designate the area of a residential property revitalization zone in which the tax relief for qualifying structures shall apply. Municipalities may further establish criteria for the public benefits, goals, and measures that will determine the eligibility of qualifying structures for tax relief located within a designated residential property revitalization zone.
Terms Used In New Hampshire Revised Statutes 79-E:4-b
- governing body: shall mean the board of selectmen in a town, the board of aldermen or council in a city or town with a town council, the school board in a school district or the village district commissioners in a village district, or when used to refer to unincorporated towns or unorganized places, or both, the county commissioners. See New Hampshire Revised Statutes 21:48
- legislative body: shall mean a town meeting, school district meeting, village district meeting, city or town council, mayor and council, mayor and board of aldermen, or, when used to refer to unincorporated towns or unorganized places, or both, the county convention. See New Hampshire Revised Statutes 21:47
III. Municipalities may grant tax relief to the qualifying structure and property as described in N.H. Rev. Stat. § 79-E:4 for the period of tax relief under N.H. Rev. Stat. § 79-E:5, provided that no property may be granted tax relief under this chapter more than once in a 20 year period.