1 The State and Its Government; Department of Revenue Administration; Duties of Commissioner. Amend RSA 21-J:3, XIII to read as follows:

XIII. Equalize annually by May 1 the valuation of the property as assessed in the several towns, cities, and unincorporated places in the state including the value of property exempt pursuant to RSA 72:37, RSA 72:37-b, RSA 72:39-a, RSA 72:62, RSA 72:66, RSA 72:70, RSA 72:85, and RSA 72:87, property which is subject to tax relief under RSA 79-E:4, and property which is subject to tax relief under RSA 79-E:4-a or RSA 79-E:4-b, by adding to or deducting from the aggregate valuation of the property in towns, cities, and unincorporated places such sums as will bring such valuations to the true and market value of the property, and by making such adjustments in the value of other property from which the towns, cities, and unincorporated places receive taxes or payments in lieu of taxes, including renewable generation facility property subject to a payment in lieu of taxes agreement under RSA 72:74 and combined heat and power agricultural facility property subject to a payment in lieu of taxes agreement under RSA 72:74-a, as may be equitable and just, so that any public taxes that may be apportioned among them shall be equal and just. In carrying out the duty to equalize the valuation of property, the commissioner shall follow the procedures set forth in RSA 21-J:9-a.

2 Taxation; Persons and Property Liable to Taxation; Procedure for Adoption, Modification, or Rescission. Amend introductory paragraph for RSA 72:27-a, I to read as follows:

I. Any town or city may adopt the provisions of RSA 72:28, RSA 72:28-b, RSA 72:29-a, RSA 72:35, RSA 72:37, RSA 72:37-b, RSA 72:38-b, RSA 72:39-a, RSA 72:62, RSA 72:66, RSA 72:70, RSA 72:76, RSA 72:82, RSA 72:85, or RSA 72:87, in the following manner:

3 Taxation; Person and Property Liable to Taxation; Interpretation; Rules. Amend RSA 72:36, I to read as follows:

I. The commissioner's interpretation of RSA 72:28, 72:28-b, 72:28-c, 72:29, 72:29-a, 72:30, 72:31, 72:32, 72:33, 72:34, 72:34-a, 72:35, 72:36-a, 72:37, 72:37-a, 72:37-b, 72:38-a, 72:38-b, 72:39-a, 72:39-b, 72:41, 72:62, 72:66, 72:70; 72:85, and 72:87; and

4 Taxation; Persons and Property Liable to Taxation; Proration. Amend RSA 72:41 to read as follows:

72:41 Proration. If any entitled person or persons shall own a fractional interest in residential real estate, each such entitled person shall be granted exemption for the blind under RSA 72:37, the disabled under RSA 72:37-b, the deaf or severely hearing impaired under RSA 72:38-b, or the elderly under RSA 72:39-b,in proportion to his or her interest therein with other persons so entitled, but in no case shall the total exemption to all persons so entitled exceed the amount provided in RSA 72:37, 72:37-b, 72:38-b, or 72:39-b.

5 New Sections; Taxation; Persons and Property Liable to Taxation; Homestead Exemption. Amend RSA 72 by inserting after section 60 the following new sections:

72:60-a Conditions for Homestead Exemption.

I. No exemption shall be allowed under RSA 72:60-b unless the person applying therefor:

(a) Has resided at the property for at least one year preceding April 1 in the year in which the exemption is claimed;

(b) Had a net household income for the preceding year of no more than 100 percent of the median income for a 3-person household for the metropolitan area or county in which the housing is located, as published by the United States Department of Housing and Urban Development;

(c) Does not currently own more than one property, which is their bona fide domicile, and which the person in good faith regards as their home, to the exclusion of any other place; and

(d) Owns, on December 31 in the calendar year preceding said April 1, an assessed home with a value no more than the average assessed home value for properties in that municipality, city, town, or village, as determined by the respective locality for purposes of RSA 72:60-b. "Assessed home value" means the assessed value of residential properties that are deeded for a single primary dwelling unit, regardless of the presence or absence of any legal accessory dwelling units.

72:60-b Procedure for Adoption of Homestead Exemption. Municipalities, cities, towns, and villages shall hold a vote by warrant article on the question of whether to adopt the homestead tax exemption under RSA 72:60-a at the next town meeting, or other regular vote of the legislative body. A municipality, town, city, or village may vote to adopt or rescind the adoption of the homestead exemption by normal warrant article procedure at any time thereafter.

6 Effective Date. This act shall take effect April 1, 2027.

1 The State and Its Government; Department of Revenue Administration; Duties of Commissioner. Amend RSA 21-J:3, XIII to read as follows:

XIII. Equalize annually by May 1 the valuation of the property as assessed in the several towns, cities, and unincorporated places in the state including the value of property exempt pursuant to RSA 72:37, RSA 72:37-b, RSA 72:39-a, RSA 72:60-a, RSA 72:62, RSA 72:66, RSA 72:70, RSA 72:85, and RSA 72:87, property which is subject to tax relief under RSA 79-E:4, and property which is subject to tax relief under RSA 79-E:4-a or RSA 79-E:4-b, by adding to or deducting from the aggregate valuation of the property in towns, cities, and unincorporated places such sums as will bring such valuations to the true and market value of the property, and by making such adjustments in the value of other property from which the towns, cities, and unincorporated places receive taxes or payments in lieu of taxes, including renewable generation facility property subject to a payment in lieu of taxes agreement under RSA 72:74 and combined heat and power agricultural facility property subject to a payment in lieu of taxes agreement under RSA 72:74-a, as may be equitable and just, so that any public taxes that may be apportioned among them shall be equal and just. In carrying out the duty to equalize the valuation of property, the commissioner shall follow the procedures set forth in RSA 21-J:9-a.

2 Taxation; Persons and Property Liable to Taxation; Procedure for Adoption, Modification, or Rescission. Amend introductory paragraph for RSA 72:27-a, I to read as follows:

I. Any town or city may adopt the provisions of RSA 72:28, RSA 72:28-b, RSA 72:29-a, RSA 72:35, RSA 72:37, RSA 72:37-b, RSA 72:38-b, RSA 72:39-a, RSA 72:60-a, RSA 72:62, RSA 72:66, RSA 72:70, RSA 72:76, RSA 72:82, RSA 72:85, or RSA 72:87, in the following manner:

3 Taxation; Person and Property Liable to Taxation; Interpretation; Rules. Amend RSA 72:36, I to read as follows:

I. The commissioner's interpretation of RSA 72:28, 72:28-b, 72:28-c, 72:29, 72:29-a, 72:30, 72:31, 72:32, 72:33, 72:34, 72:34-a, 72:35, 72:36-a, 72:37, 72:37-a, 72:37-b, 72:38-a, 72:38-b, 72:39-a, 72:39-b, 72:41, 72:60-a, 72:60-b, 72:62, 72:66, 72:70; 72:85, and 72:87; and

4 Taxation; Persons and Property Liable to Taxation; Proration. Amend RSA 72:41 to read as follows:

72:41 Proration. If any entitled person or persons shall own a fractional interest in residential real estate, each such entitled person shall be granted exemption for the blind under RSA 72:37, the disabled under RSA 72:37-b, the deaf or severely hearing impaired under RSA 72:38-b, the elderly under RSA 72:39-b, or the homestead underRSA 72:60-b, in proportion to his or her interest therein with other persons so entitled, but in no case shall the total exemption to all persons so entitled exceed the amount provided in RSA 72:37, 72:37-b, 72:38-b, 72:39-b , or 72:60-b.

5 New Sections; Taxation; Persons and Property Liable to Taxation; Homestead Exemption. Amend RSA 72 by inserting after section 60 the following new sections:

72:60-a Conditions for Homestead Exemption.

I. No exemption shall be allowed under RSA 72:60-b unless the person applying therefor:

(a) Has resided at the property for at least one year preceding April 1 in the year in which the exemption is claimed;

(b) Had a net household income for the preceding year of no more than 100 percent of the median income for a 3-person household for the metropolitan area or county in which the housing is located, as published by the United States Department of Housing and Urban Development;

(c) Does not currently own more than one property, which is their bona fide domicile, and which the person in good faith regards as their home, to the exclusion of any other place; and

(d) Owns, on December 31 in the calendar year preceding said April 1, an assessed home with a value no more than the average assessed home value for properties in that municipality, city, town, or village, as determined by the respective locality for purposes of RSA 72:60-b. "Assessed home value" means the assessed value of residential properties that are deeded for a single primary dwelling unit, regardless of the presence or absence of any legal accessory dwelling units.

72:60-b Procedure for Adoption of Homestead Exemption. Municipalities, cities, towns, and villages shall hold a vote by warrant article on the question of whether to adopt the homestead tax exemption under RSA 72:60-a at the next town meeting, or other regular vote of the legislative body. A municipality, town, city, or village may vote to adopt or rescind the adoption of the homestead exemption by normal warrant article procedure at any time thereafter.

6 Effective Date. This act shall take effect April 1, 2027.