New Hampshire Land use Change Tax
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How to fill out New Hampshire Land Use Change Tax?
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FAQ
More Definitions of Current UseCurrent Use means any utilisation of the Company Real Property relating to the operation of the Business (including, but not limited to, production, administration and distribution).
PENALTY: The land use change tax due to the town is 10% of the full and true value (non-current use value) of the changed portion as assessed by the town at the time of the change.
Let's start with a definition: Current Use is a state-specific property tax reduction program in which landowners with qualifying forests or farms can get a significant annual tax break if enrolled. The primary benefits to the landowner are the reduced property taxes which can help you hold on to your property.
Can land in current use be posted against trespassing? Yes, although very little actually is. Owners receive additional tax savings if they keep their land open and without fee all year for hunting, fishing, snowshoeing, hiking, skiing and nature observation.
Current use is the means for encouraging the preservation of open space and conserving the land, water, forest, agricultural, and wildlife resources. Property owners with 10 or more acres of land, which are left in their natural state may apply.
NH Current Use Law RSA 79-A What is Current Use? Current use is a taxing strategy aimed at making it easier for landowners to keep their open space undeveloped.In other words, land is taxed as a woodlot, or a farm, not as a potential site for houses. Current use keeps property taxes at a lower, more predictable rate.