One unintended consequence of this bill is a mass-ingress of Republicans who own 2nd homes in New Hampshire. They will change their state residency to NH, closing the apparent gap between the two parties in the state.
However, the definition of "residential real estate" indicates that if you live at your 2nd home for seven or eight months of the year—as I do—that this doubling of property taxes will not apply.
Definition:
Quote:
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"...II. In this section, “residential real estate” means the real estate which the taxpayer occupies as his or her principal place of abode together with any land or buildings appurtenant thereto and shall include manufactured housing if used for said purpose..."
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A second unintended consequence is to force more 2nd-home owners into the rental market.
Now that Bike Month already faces
"gouging rates" for rentals, this can't be good news for visiting bikers—who already "contribute" to an additional 8% Meals-and-Rooms-Tax.
(Not that the property tax hike wouldn't be worth it, you understand).
