HB 285 - AS INTRODUCED
1999 SESSION
HOUSE BILL 285
AN ACT providing that equalized value of property in small towns be calculated as a multi-year average.
SPONSORS: Rep. Thulander, Hills 6
COMMITTEE: Municipal and County Government
This bill requires the commissioner of revenue administration to calculate the equalized value of property in towns with populations under 5,000 by an average over the 3 most recent years.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
99-0127
10/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord One Thousand Nine Hundred and Ninety-Nine
AN ACT providing that equalized value of property in small towns be calculated as a multi-year average.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Equalized Valuation; Procedure for Small Towns Under 5,000. Amend RSA 21-J:3, XIII to read as follows:
XIII.(a) Equalize annually the valuation of the property in the several towns, cities, and unincorporated places in the state by adding to or deducting from the aggregate valuation of the property as assessed in towns, cities, and unincorporated places such sums as will bring such valuations to the true and market value of the property, including the equalized value of property formerly taxed pursuant to the provisions of RSA 72:7; 72:15, I, V, VII, VIII, IX, X, and XI; 72:16; 72:17; 73:26; 73:27; and 73:11 through 16 inclusive, which were relieved from taxation by the laws of 1970, 5:3; 5:8; 57:12; and 57:15, the equalized valuation of which is to be determined by the amount of revenue returned in such year in accordance with RSA 31-A, and by making such adjustments in the value of other property from which the towns, cities, and unincorporated places receive taxes as may be equitable and just, so that any public taxes that may be apportioned among them shall be equal and just.
(b) Equalize annually the valuation of the property in towns with a population under 5,000 by calculating the average of the equalized value over the 3 most recent years.
2 Effective Date. This act shall take effect 60 days after its passage.