Are current use taxes about to go up? Apparently the DRA would like them to.
“Under New Hampshire’s current use law, owners of qualifying land receive property tax reductions if they agree to maintain their land in an undeveloped condition, but proposed new assessments of some timberlands are causing alarm among individuals and businesses in the state’s forestry industry.
At issue is a proposed change in how the value of timberland is assessed under the state’s current use law – a change that landowners and the forest industry say will result in a higher assessment of the value of certain timberland, and thus a higher tax bill.”