relative to the taxation of farm and farm structures.

Summary

The bill directs every New Hampshire town, city, and municipality to adopt a new tax rule for qualifying farm structures, valuing them at replacement cost minus depreciation and capping the land value at 10% of its market price. It defines which structures qualify, sets deadlines for adoption, and outlines penalties if owners convert the property or fail to notify assessors. The goal is to protect farms from high property taxes that could force them out of business.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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