NH is slightly different due to our Constitution.
Part First Article 28-a was adopted in 1982.
So exemptions have to be voted on at the local level.
Along with local expenditures for municipality and schools.
County is by representation.
State funding to schools or other mandates, have to be through a State level taxation. So only at that level could the State apply a homestead exemption.
Current State Property Tax Rate is 1.44 (???), so a full Homestead Exemption would only save the 1.44 per $1000 of assessment.
We have a constitutional amendment that allows them to treat different classifications of properties differently for local taxation, but that is only systematic prior to the 1982 amendment.
Even that is being questioned at the local levels, because the State changes some items after 1982, and causes judicial questions to arise under that amendment.
So the "doubling" of taxation on second homes is really a "doubling" (and then some) of taxation on all homes, with the Homestead Exemption being applied at 50% of total (or 100% of the increase) to primary homes and those rented long term (6 months or more).
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