Property Tax Alert: New Hampshire

September 2005

Beginning July 1, 2005, and for every subsequent fiscal year, the New Hampshire enhanced education tax rate is amended from $3.33 on each $1,000 of the value of taxable property, except railroad and utility property, to a rate at a level sufficient to generate revenue of $363 million when imposed on all persons and property subject to the tax, except railroad and utility property. The rate will be effective for the following fiscal year and must be set to the nearest half cent necessary to generate the required revenue.

Please contact Rash & Associates for more information.