Forest Incentive Programs - Property Taxes for New Hampshire

Type of Tax

Fixed Value Tax and Yield Tax

Range of fixed assessment values by forest type, lower values with stewardship plan and an additional reduction if recreation is allowed

Yield Tax is 10% of the value at time of harvest

Law

Current Use C.U.B. 304.02 and 304.03 (N.H. Rev. Stat. Ann 79-A)

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

Requirements

Minimum of 10 acres

Assessed forest values are reduced with a stewardship plan

Change in land use results in tax of 10% of FMV from time of enrollment

Program Administration

Municipal district files application and if a management plan is submitted it must be done by a licensed forester