New Hampshire (Summary)
Last Updated: March 2020
Tax Type: Current Use Tax and Yield Tax
Description: Range in fixed assessment values by forest type, lower range of values with stewardship plan. An additional 20% reduction if recreation allowed. 10% yield tax.
Law N.H. Rev. Stat. Ann. §§ 79-A, 79:3, N.H. Code Admin. R. Cub 304
Principal Forest Property Tax Incentive Program:
Program legal-common name: General property tax program (forest land, forest land with documented stewardship)
Objective: To encourage preservation of open space, thus providing a healthful and attractive outdoor environment for work and recreation of the state's citizens, maintaining the character of the state's landscape, and conserving the land, water, forest, agricultural and wildlife resources.
Program Requirements
Min/Max Acreage: 10 acres
Min. Stocking Growth: N/A
Forest Management Plan: A forest stewardship plan is required for the classification of Forestland with Documented Stewardship, updated every five years (or other period of time established by county tax assessor).
Evidence of Use:Periodic inspections and assessment (every five years) of supporting documents requesting favorable tax treatment provided by documented stewardship provisions.
Duration of Enrollment: N/A
Penalties for Use Change: Land use change tax of 10% of FMV at the time of the change to nonqualifying uses
Program Administration
State: The Current Use Board provides current use assessment ranges by land classification annually.
County Tax Assessor and Commissioner: County tax assessor handles application and determines values.
University: N/A
Landowner: Makes application by filing with the assessor
Private Forestry Consultant: A licensed forester prepares the Forest Stewardship Plan for the classification of Forestland with Documented Stewardship.
For a more in depth discussion of New Hampshire property taxes click here!