HB 416 – AS INTRODUCED
2005 SESSION
10/03
HOUSE BILL 416
AN ACT relative to billing for the semi-annual collection of property taxes.
SPONSORS: Rep. Hopfgarten, Rock 5; Rep. Lund, Rock 5
COMMITTEE: Municipal and County Government
This bill allows selectmen or assessing officials of towns and cities to choose a percentage for the first tax bill in the semi-annual collection of taxes which is different than ½ of the previous year’s bill.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
05-0850
10/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Five
AN ACT relative to billing for the semi-annual collection of property taxes.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Property Taxation; Semi-Annual Collection; Determination of Partial Billing. Amend RSA 76:15-a, I to read as follows:
I. Taxes shall be collected in the following manner in towns and cities which adopt the provisions of this section in the manner set out in RSA 76:15-b. A partial payment of the taxes assessed on April 1 in any tax year shall be computed by taking the prior year’s assessed valuation times [1/2] a percentage of the previous year’s tax rate chosen to equalize the partial payments with the final tax bills; provided, however, that whenever it shall appear to the selectmen or assessors that certain individual properties have physically changed in valuation, they may use the current year’s appraisal times [1/2] the chosen percentage of the previous year’s tax rate to compute the partial payment. If the selectmen or assessors do not choose a percentage of the previous year’s tax rate, then the partial payment shall be computed using ½ of the previous year’s tax rate.
2 Effective Date. This act shall take effect April 1, 2005.