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Author Topic: NH Property Taxes/Grafton  (Read 2452 times)

ashikaga1

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NH Property Taxes/Grafton
« on: May 18, 2011, 01:43:24 pm »

   Could someone help me with an explanation of NH property taxes?  I'm currently looking at 100+ acre properties on-line to build a residential home and possibly make a reasonable income from timber to pay taxes and become as self sufficient as possible.  I'm looking mainly in the V west of I-93 and north of I-89 up to the White Mountains N.F.  Most properties classified as current use are in the hundreds and sometimes TENS of $$ in annual taxes.  Yet, similar properties I've seen in Grafton are in the thousands of $$.  Why are Grafton taxes so much more expensive for raw land?
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Jerry

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Re: NH Property Taxes/Grafton
« Reply #1 on: May 18, 2011, 04:53:36 pm »

There have been numerous threads trying to explain NH real estate taxes.

Go up to the search box and enter "current use"
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John Edward Mercier

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Re: NH Property Taxes/Grafton
« Reply #2 on: May 18, 2011, 08:58:16 pm »

It varies because of the budgets.
Current Use sets a per acre valuation... that valuation is then part of the calculation for rate.
The rate is the budget divided by the total valuation (several budgets are used and separately listed on the tax cards).

Once the total rate is confirmed by Department of Revenue Administration. The total rate is then multiplied by individual valuation to determine the tax for that parcel.
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ashikaga1

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Re: NH Property Taxes/Grafton
« Reply #3 on: May 19, 2011, 12:42:07 pm »

Thanks, gents.
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