CHAPTER 37
HB 1219-FN-LOCAL - FINAL VERSION
10Mar2016... 0522h
2016 SESSION
\t16-2103
\t10/01
HOUSE BILL\t1219-FN-LOCAL
AN ACT\trelative to the repurchase of tax-deeded property by the former owner and the costs therefor.
SPONSORS:\tRep. Coffey, Hills. 25; Rep. Baldasaro, Rock. 5
COMMITTEE:\tMunicipal and County Government
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AMENDED ANALYSIS
\tThis bill extends the time for a former owner to pay the costs of repurchasing a tax deeded property from the town. The bill also reduces the penalty charge added to such costs and exempts the penalty charge for certain owners.
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Explanation:\tMatter added to current law appears in bold italics.
\t\tMatter removed from current law appears [in brackets and struckthrough.]
\t\tMatter which is either (a) all new or (b) repealed and reenacted appears in regular type.
10Mar2016... 0522h\t16-2103
\t10/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Sixteen
AN ACT\trelative to the repurchase of tax-deeded property by the former owner and the costs therefor.
Be it Enacted by the Senate and House of Representatives in General Court convened:
\t37:1 Real Estate Tax Liens; Repurchase by Former Owner. Amend RSA 80:89, II to read as follows:
\t\tII. Within 30 days after the notice required by paragraph I, or if no such notice is received, at any time within 3 years after the date of recording the tax deed, any former owner of the property may give notice by certified mail, return receipt requested, of intent to repurchase the property from the municipality, and stating that such owner is ready, willing, and able to pay all back taxes, interest, costs and penalty, as defined in RSA 80:90, except that if the property is the former owner’s principal residence, or was the former owner’s principal residence at the time of execution of the tax deed under RSA 80:76, the additional penalty under RSA 80:90, I(f) shall not apply. If all such back taxes, interest, costs and penalty have not been actually tendered within [15] 30 days of such notice of intent to repurchase, the municipality may proceed with its offering and dispose of the property without any interest by the former owner.
\t37:2 Real Estate Tax Liens; Definitions; Penalty. Amend RSA 80:90, I(f) to read as follows:
\t\t\t(f) An additional penalty equal in amount to [15] 10 percent of the assessed value of the property as of the date of the tax deed, adjusted by the equalization ratio for the year of the assessment.
\t37:3 Effective Date. This act shall take effect 60 days after its passage.
Approved: May 3, 2016
Effective Date: July 2, 2016